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adamlarsson78 | 2 years ago

It may be frustrating, but that's the flipside of wealth inequality being much lower in Scandinavia and thereby society being more equal. Which makes it much more pleasant to live in, even for relatively rich people.

(Disclosure: I'm one of those relatively rich people in Scandinavia and I pay lots of taxes but I also enjoy that wealth inequality isn't so extreme over here.)

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yobbo|2 years ago

You're thinking of income inequality.

adamlarsson78|2 years ago

These two are highly correlated. My background is lower middle class, but high income for a few years made me into high wealth. With lower income tax, that would have been even more extreme. But with the high income tax I'm paying, lots of benefits go to low income families and make it less likely that their kids end up poor when they will be adults.

A proper taxation of inheritance would make income and wealth even stronger correlated, but that's hard to do as long as you can take your extreme wealth abroad. Family dynasties do exist even here and it's still an issue society needs to solve.

madsbuch|2 years ago

wealth tax would apply to wealth inequality.

I don't know for Norway, but Denmark is one of the most wealth inequal countries in the world, while also being one of the most income equal.