It's to avoid the dutch decease, but the "oil fund" revenue is now paying for 20% of the state budget so it's getting close.
The total tax level for Norwegians are only in the middle of the chart when compared to other OECD countries so it is not really that high comparatively.
The main issue with the "wealth tax" is that it is also taxing active capital (company values, stock etc) even if that capital is not making a profit.
On another note, as a Norwegian, I happily pay my taxes even if I am in the top bracket. It is for the most part spent wisely.
It is nice to feel that your taxes in your country are being spent wisely.
I know it’s subjective so different for everyone but here in Australia I feel like it’s been a long time since we had actual leadership and we’ve had lousy middle management steering the ship.
The oil money is already about 25% of the national budget, and has recently been flagged by the auditer general as a high risk to our society[1] should stocks fall.
Spending more oil money seems like a bad idea at this point.
It's hard to understand why they keep raising taxes.