Supporters of wealth tax should moderate their enthusiasm

Photo: Bergen (Michelle Maria, Pixabay)

16 October 2020 14:04

Supporters of wealth tax should moderate their enthusiasm

Gunnar S. Eskeland: The wealth tax study currently debated actually shows that protection of "working" capital leads to more jobs, at least within small businesses. If big businesses should be protected, too, less wealth tax will be paid.

Rich people may have twice as many, or twice as expensive, cars, boats and houses as the rest of us. But they also have ten times as many lorries, sawmills and stocks. They have more "working capital". A decrease in the wealth tax income will not be a big problem, but it will create a lot of noise, Gunnar S. Eskeland writes.

His chronicle Formuesskattens tilhengere bør dempe entusiasmen sin (in Norwegian) was published in Dagens Næringsliv on 15 October, 2020.