Only anti intellectual leftists would deny that increasing taxes increases the odds of capital flight, but it's not the only factor to consider. There are vario

Only anti intellectual leftists would deny that increasing taxes increases the odds of capital flight, but it's not the only factor to consider. There are various benefits to living in a country, and a tax increase will not necessarily cause capital flight, or more importantly, decreased tax revenue. Seems like Norway overplayed their cards this time, but that doesn't necessarily mean a wealth tax is bad. Just important to keep in mind that economics is real. Also noticed that a lot of people are suggesting laws against capital flight, but this is also a very risky idea. Having capital that can't be moved inheritly decreases its value. You might be able to capture short term value, but you risk future investment, which could lead to a death spiral.