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EconomistaAustriaco / Economista Austriaco
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2024-10-13 17:50:29

EconomistaAustriaco on Nostr: Norway increased the wealth tax to generate $146M in additional revenue, but the ...

Norway increased the wealth tax to generate $146M in additional revenue, but the result was that the rich moved out of the country, leading instead to a loss of $594M in annual tax revenue.

Net loss: $448M.
Great job, socialists.
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