higher taxes drive out the HNWI and UHNWI from initially the state, and if federal, then also the country, decreasing the amount of jobs and money trickling down to the people, lowering the quality of life and eventually driving away the employees also
Discussion
exactly but that won’t happen over night. it will be a slow shift that most people won’t even notice before it’s too late
i think Norway is a prime example of where the loyalty to the government is so high that we sometimes forget to question the long-term consequences of the actions they oftentimes take.
if you compare Norway and Sweden (two countries very similar on paper but in reality not) you will see why Sweden is doing a lot better in terms of these things compared to Norway
better in what sense? bending the knee more to the corporate?
actually lower taxes and driving innovation and lower prices overall