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culitoday at 8:54 PM1 replyview on HN

Not to mention that the general findings from Norway's wealth tax is that it works. A few millionaire's leave but the benefit far outweighs the cost of some capital flight

https://www.reuters.com/business/norways-wealth-tax-trades-m...

I still prefer Warren's proposal in the US which only proposed a tax above a net worth of $50m. The biggest criticism of wealth taxes is the massively complicated added bureaucratic burden of measuring everyone's wealth. Only about 0.14% of USians have a net worth above $50m.


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unsupp0rtedtoday at 9:01 PM

Thank goodness it’s $50 million because if it were a quarter of that then $174,000/year salaried senator Elizabeth Warren, worth $12 million, would be liable too.

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