> wealthy Norwegians took with them a total fortune of $54 billion when they left. This means that the wealth tax, which was projected to increase revenue by nearly $150 million annually, will result in about 40 percent less revenue than it currently generates
So the problem is revenue from wealth tax will only be $90M instead of $150M? As opposed to $0M without the wealth tax? How does having these billionaires physically located in Norway benefit the average citizen? Capital investments should happen wherever they're physically located because economics, big corpos have their HQs wherever they want anyway. Is trickle down economics the entire argument here?
So the problem is revenue from wealth tax will only be $90M instead of $150M? As opposed to $0M without the wealth tax? How does having these billionaires physically located in Norway benefit the average citizen? Capital investments should happen wherever they're physically located because economics, big corpos have their HQs wherever they want anyway. Is trickle down economics the entire argument here?