Norway's Wealth Exodus Is Worse Than You Think

Thirty billionaires left Norway in a single year. The government's answer was to build a fiscal Berlin Wall. In 2022, Norway raised its wealth tax to one of the highest levels in the West. More billionaires and millionaires left within a year, more than in the previous 13 years combined. Yet wealth-tax revenue nearly doubled between 2021 and 2025. This episode follows the money, the people, and the wall Norway built to keep them in: a tax on paper wealth, founders selling their own companies ...