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A comment on I am done. I give up. Parent comment

Re:I am done. I give up by throwaway-2212 on Friday December 23, 2022 @08:37AM (#34105615)
You’re missing the wealth tax. 1.1% of global wealth, including unrealized gains of startup share positions.

https://www.skatteetaten.no/en/rates/wealth-tax/

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Re:I am done. I give up by kaashif on Friday December 23, 2022 @08:57AM (#34105824)
I know a lot of founders whose companies are allegedly worth a lot on paper, but cash on hand is very limited.

I wonder how the wealth tax actually works. Do I want people to invest in my company if that's just going to increase the valuation and my tax bill? Surely there must be some exceptions...

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Re:I am done. I give up by karencarits on Friday December 23, 2022 @09:46AM (#34106354)
This year, quite many have actually chosen to move from Norway to Switzerland, probably due to taxes
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Re:I am done. I give up by kwhitefoot on Friday December 23, 2022 @09:16AM (#34106012)
Not a problem for a startup surely, they have debts not wealth.
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