Making Money Minute - September 8, 2026
from Making Money Minute with Ron Hiebert Hosted by Ron Hiebert
Making Money Minute with Ron Hiebert - Norway’s Wealth Tax Because of Norway’s vast oil reserves, the country has been able to sock away 2.2 trillion dollars US in the world’s largest sovereign wealth fund. With only 5.6 million residents, the countries cash pile works out to $390,000 US per person. Yet in spite of Norway’s enviable financial position, they decided to add a wealth tax onto an already high 47.4% top tax rate. This wealth tax, which is structured as an annual levy on personal assets, proved to be the straw that broke the camels back. By the end of 2024, over 300 multimillionaires and billionaires left the country taking expertise, jobs and tax revenue with them. For more information listen to our Making Money podcast with Ron Hiebert and Graham Hicks at letsmakemoney.ca or CFCW.com.
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