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Money & Macro Talks · July 2 · 42 min

Is the wealth tax actually working for Norway | Prof. Ole-Andreas Næss

Wealth taxes are the key policy proposal to prevent wealth from concentrating at the top, and they're now being discussed in both the US and the UK. In this episode, we dig into the recent Norwegian experience with wealth taxation. How big was the response from the wealthy? Did the tax raise enough revenue to compensate for the capital flight? And what are the lessons for other countries considering a wealth tax of their own?

0:00-42:36
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Wealth taxes are the key policy proposal to prevent wealth from concentrating at the top, and they're now being discussed in both the US and the UK. In this episode, we dig into the recent Norwegian experience with wealth taxation. How big was the response from the wealthy? Did the tax raise enough revenue to compensate for the capital flight? And what are the lessons for other countries considering a wealth tax of their own?

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