The wealth tax is mostly and envy tax, it does not increase total tax revenue and leads to people do overinvest in property (house and cabin) to reduce the taxable wealth. For people starting a business you have to move if you get VC money as you have to pay tax on unrealized gains.
The Ministry of Finance has calculated that expatriates took NOK 142 billion in deferred income out of the country in 2022 and 2023. Given the current tax rate of 38 percent, this means that we will lose more than NOK 50 billion in tax if we are unable to get them back home before 2027. On the other hand, we lose around NOK 0.77 billion in tax each year because expatriates are exempt from the high and uniquely Norwegian wealth tax.
https://www.nhh.no/nhh-bulletin/artikkelarkiv/2025/april/lyt...
The wealth tax increase has lead to less total tax income due to the income tax not being paid to Norway any longer.
As usual the upper middle class pays most of the wealth tax, 12% of the population paid wealth tax. If you have wealth beyond 170.000$ (1.76 million NOK) you pay 1% of the amount above. Private home and second house (cabin) has reduced value. Average salary in Norway is around 700.000 NOK.
UK seems to totally lost it ways? The politicians seems to be doing everything they can do to harm normal people. Anyone know why UK have chosen this direction?
I remember being on a session with the pragmatic programmers (ie the people from the book) and they recommended making a compile error on purpose as the last thing one did before leaving work. The next day you compiled the code and get an error, fix this and they continue working. You are already doing work. This sets your mind on the right track from they day before. I gave used this a bit and it works pretty well.
Would it be possible to use a device like Google Nest Hub 2. for the similar purpose? It is quite a bit cheaper, I have an old mother which still is clear in the head but often have problems with her mobile phone. Would also be easier for us to share pictures of her grandchildren and such.
Was a bit surprised to see that Cold Drinks Now Represent 75 Percent of Starbucks’ Sales. I am guessing most of these cold drinks contains an huge amount of sugar and other sweeteners.