David Friedberg

There's no income gain.

There's no income gain.

We need to increase taxation and the tax bills get passed.

We need to increase taxation and the tax bills get passed.

Norway 2022 passed a wealth tax.

Norway 2022 passed a wealth tax.

The wealth tax was supposed to raise $146 million of incremental revenue per year.

The wealth tax was supposed to raise $146 million of incremental revenue per year.

Instead, what happened?

Instead, what happened?

$54 billion of net worth left the country, and they actually had a $448 million tax loss.

$54 billion of net worth left the country, and they actually had a $448 million tax loss.

The taxes declined rather than went up.

The taxes declined rather than went up.

I'm actually not sure of the state of Norway.

I'm actually not sure of the state of Norway.

Microsoft's President Brad Smith has said that tech jobs are gonna leave Washington State if this payroll tax gets passed.

Microsoft's President Brad Smith has said that tech jobs are gonna leave Washington State if this payroll tax gets passed.

And this is the cycle that's underway.

And this is the cycle that's underway.