Norway’s Wealth Tax and the Founder Exodus @Jason, @alex and @Dune CEO Fredrik Haga discuss how Norway’s wealth tax on unrealized gains is forcing many founders to leave the country, as the policy creates overwhelming financial burdens for startups. • The Tax Burden: Norway's wealth tax forces founders to pay on paper wealth, often requiring them to sell shares just to afford the tax—leading to significant dilution over time. • Exit Tax: A new 37.84% tax on unrealized capital gains for those leaving the country creates even more pressure for entrepreneurs to relocate before building their companies. • Global Implications: Policies like these have driven top talent to places like the U.S. and Singapore, raising questions about the balance between taxation and innovation. The takeaway? Tax policy matters—not just for revenue, but for retaining talent and fostering entrepreneurship.