Norway's wealth tax trades millionaires for equality

Journalists really need to stop using "millionaires" when they mean billionaires, centi-millionaires and deca-millionaires.

About 1 in 5 American households are millionaires.

"Millionaire" as a label is mostly describing mundane middle-aged, middle-class people who have spent a few decades paying down a mortgage and saving 5-10% of their salary into their 401k. As a group, they pay both the highest percent of their income in taxes and their taxes are the largest share of the federal budget. It shouldn't be used to mean "rich" the way it would have in the 1960s.

it's insane that Norway state literally have the greatest wealth fund per capita, and state still wants more? wtf.

It's not like extra tax from wealthy is needed to support poor, so they pay their share? They are not some avg. country that needs extra tax to balance budget. State in Norway is already incredibly rich, beyond Usa and almost any nation on earth. Truth here is they do not want local competition and they hate wealth creation for indivuals? they have $trillions under control of the state and they punish wealthy and take extra millions? they already have that but greed level in people and state is beyond anyone and any entity. No company/other person is as greedy as them