What actually happens is the rich move to Dubai or similar. We tried a wealth tax in Norway and all the useless real estate “entrepreneurs” moved to Switzerland. To be fair I haven’t really heard of anyone who’s actually not easily replaceable moving, but this limit is way more radical than a wealth tax.
What actually happens is the rich move to Dubai or similar. We tried a wealth tax in Norway and all the useless real estate “entrepreneurs” moved to Switzerland. To be fair I haven’t really heard of anyone who’s actually not easily replaceable moving, but this limit is way more radical than a wealth tax.