Nuance? A Norwegian Tale

Nuance was described in a past essay. The word comes from “nubes” the Latin word for cloud but then the French got involved and romanticized it into their own word for “shade” or “slight variation”, per Ai. My Ai goes on to add in the lovely English accent I selected: “Think of it as those little, delicate distinctions that can make a big difference.”

There is a beautiful illustration of nuance across the ocean in Norway. Norway has been ranked the happiest nation in the world for nine consecutive years, according to The World Happiness Report.* But happiness does not inoculate anyone from misunderstanding an idea because of a lack of knowledge about nuance. Norway recently raised their country’s Wealth Tax rate despite the argument that raising a tax on the wealthy would make the rich leave Norway for lower tax countries. After the new tax passed, many wealthy Norwegians left the country.

Showing true confirmation bias, many news outlets reported it as a “tax exodus” and determined The New Wealth Tax is too much of a burden for the rich. The new Wealth Tax is 1% to 1.1% depending on rich you are. Kind of high, right?

From: Money & Macro 28m 9-24-2026 Norway raised taxes on the wealthy and millionaires started leaving – the headlines missed the biggest part of the story “Norway’s decision to increase its wealth tax was followed by a noticeable wave of wealthy business owners moving abroad, (and) produced headlines that portrayed the policy as a failure. But the transcript argues that the amount of taxable wealth leaving was relatively small and that higher wealth-tax revenue more than offset the departures. Its analysis instead points toward Norway’s capital-gains exit-tax rules as a major reason entrepreneurs had an incentive to move when they did. The broader lesson presented is that modest wealth taxes and aggressive exit taxes can create very different economic incentives.”

For a good, sleepy read, look at “The High Cost of Wealth Taxes”, by Christine Enache for the Tax Foundation Europe, dated June 6, 2024. It makes the case that taxing rich people doesn’t generate any new revenue, is illegal, and only four countries in the world still use the tax. Norway and Switzerland are two of those countries and both are in the Top Ten of Happy Countries. Coincidence?

WTF. Taxing rich people is illegal?** Or is it taxing them more than once that is illegal? Why would it not generate revenue? Or does it just not generate enough?

The whole issue is one big, bag of nuance. But it appears a lot of that “nuance” is “chatter”, “fluff”, even misinformation meant to make sure governments know NOT to tax the rich any differently than other citizens.

If you are rich or hope to be you want low taxes or none at all. Why? There appears to be a rich mindset that says this: “just because I’ve figured out a way to make more money than you, don’t make me pay more for the privilege.” Nuance? Yes. The few rich people I know have a very nuanced view of the non-rich. It’s not just the poor. It is an ambivalent belief about how the rest of us are not smart enough and greedy enough to take what anyone will give us.

The actual impetus for Norway’s Tax Exodus wasn’t related to the new HIGHER 1% tax. It was related to a previous law that was about to take effect, about what wealth is and how it gets “counted.” Just like in America and other rich countries, the tax code used to tax us, the citizens, is riddled with holes where nuance used to be, or strangled by layers of nuance when a simple sentence may have been enough.*** Even better, all of this is understood by tax attorneys, and advisors whose sole purpose is to use nuance, create nuance, or eliminate nuance so their clients can make, keep, and do whatever they want with money.

Holy crap there isn’t enough space for this subject. Stop reading.

But remember nuance. The lack of seeing it, recognizing it, and understanding it is ruining our world’s discourse and civility. Nuance is the opposite of opinion and is always present. Think of it before you speak. To paraphrase Dr. Wright: “A conclusion (opinion) is the place where you got tired of thinking.”

*Google It.

**I have anew appreciation for Robin Hood.

***Damn lawyers. We’re almost to the point where “simple sentences” are extinct.