FlexibleToast comments on Washington Post editorial board says don't tax the rich

[–] FlexibleToast@lemmy.world 0 points 6 months ago (5 children)

Okay.. Well you don't have to believe it for it to be true.

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[–] yucandu@lemmy.world 2 points 6 months ago (4 children)

But it isn't true. It's working right now in Norway, off the top of my head.

But I'd imagine very wealthy people would be willing to spend a pretty penny to convince people like you and me that it doesn't work.

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[–] FlexibleToast@lemmy.world 0 points 6 months ago (3 children)

Doing a quick search, it's not working out for Noway. Their tax revenue is down because the wealthy moved away.

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[–] atan@lemmy.ml 1 point 6 months ago (2 children)

They've had a wealth tax in Norway since 1892.

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[–] FlexibleToast@lemmy.world 1 point 6 months ago (1 child)

The article I looked at was an increase of the wealth tax that occurred recently. So you're right, not the start of it just a consequence of it.

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[–] atan@lemmy.ml 1 point 6 months ago

What was the article? This one from November claims revenue has still increased - while ridding themselves of more wealth hoarders:

"Revenue from it has climbed despite the exodus and now sits at 0.6% of GDP"

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