> Dellanna, a management advisor and author, points out that Norway collected about $1.46 billion on its wealth tax in 2019. But the exodus of the wealthy will

> Dellanna, a management advisor and author, points out that Norway collected about $1.46 billion on its wealth tax in 2019. But the exodus of the wealthy will result in an estimated $594 million in lost revenue. This is the tricky part of "just raise it a few percent" for these wealthy entities. It seems a small increase won't make a large difference". But if they go from 2% to 2.5%, for instance, but there is a country, somewhere which, has a 2.1% tax, they'd all start feeling. So, in some ideal situation, when we consider only one particular country in a vacuum, it should work. But, it's a lot tricker when there are other countries to consider. Even more interesting, other countries could specifically target these wealthy entities by lowering their wealth tax to 2.4%. That's not unheard of with US states and companies: if one state raise their taxes, some state might start courting companies headquartered in that first state and promising tax cuts if they move their headquarters.