The absence of economic damage is not evidence of economic growth.
The author concludes that he found no significant negative effects from Norway’s wealth tax reforms. But I think he misses a more important question: Did the reforms contribute to economic growth?
If the economy isn't growing, that is a problem. And if a tax reform fails to improve growth, then the tax only increased government revenue. This might be good thing for goverment, but it bleeds enterpreneurs.
If there is no evidence of a positive contribution to economic growth, I wouldn't call it a successful growth reform.
Then, I think, wealthy people can take more risks. They have enough resources to start over if something does not work. Risk takers have their role in innovations for example.
The author concludes that he found no significant negative effects from Norway’s wealth tax reforms. But I think he misses a more important question: Did the reforms contribute to economic growth?
If the economy isn't growing, that is a problem. And if a tax reform fails to improve growth, then the tax only increased government revenue. This might be good thing for goverment, but it bleeds enterpreneurs.
If there is no evidence of a positive contribution to economic growth, I wouldn't call it a successful growth reform.
Then, I think, wealthy people can take more risks. They have enough resources to start over if something does not work. Risk takers have their role in innovations for example.