Reposted by @theartfuldeejay.bsky.social
The big argument against California's "billionaire tax" is that it will cause the massive out-migration of entrepreneurs. But studies of Norway and Sweden show that the imposition of a billionaire's tax did not, in fact, have such an effect. The Norwegian wealth tax "exodus", discussed in global
nber.org
Taxing Entrepreneurial Wealth: Evidence from Norway, 2021–2025
Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...
