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We have wealth tax in Norway and I think that's cool. I don't see why every country should have it though. I think it's nice that different countries have dif
by codetrotter 2y ago
We have wealth tax in Norway and I think that's cool.
I don't see why every country should have it though.
I think it's nice that different countries have different rules.
I don't see any point in having every country be exactly like every other.
- muzani 2y agoI think this is pretty much the problem: https://www.theguardian.com/world/2023/apr/10/super-rich-abandoning-norway-at-record-rate-as-wealth-tax-rises-slightly https://www.theguardian.com/world/2023/apr/10/super-rich-aba... I'm curious what's your opinion on this. Is it fine for super rich people to go elsewhere because of the wealth tax?
- gnz11 2y agoCouldn’t Norway just change their tax code to be based on citizenship and not residence if it truly became a problem?
- giantg2 2y agoThen people renounce their citizenship.
- gnz11 2y agoThat would be preferable because then they would lose all legal protections and other benefits provided by their country. FWIW the US taxes its ex-pats that live abroad.
- muzani 2y agoIt's not fair though - part of the reason we have taxes is to take from those who have benefitted the most. Residence implies they're making use of the cities, laws, safety, infra, welfare, etc. It still makes a little sense if it's a Norwegian living in Sweden, operating businesses in Norway, utilizing Norwegian grants, etc. It doesn't if it's someone who was born in Norway running a business in Thailand. I think the only country that taxes based on citizenship might be the US.
- gnz11 2y agoThey still have access to and are making use of all the non-tangible benefits of their country though (e.g. legal protections, rights, any kind of social services, etc). If you want to be a citizen of a country you do have certain obligations to meet.