hagaetc.eth

@hagaetc
So I tried to build a tech company from Norway and here’s what happened:

1. Two years of building without almost any money/funding, better part of a year without salary
2. Raise VC and become one of Norway’s first unicorns
3. Face unrealized gains wealth tax bill of many x my annual net salary. ofc the company is loss making and all the investors have preference shares so I can’t take out any money.
4. Call out publicly that this does not make sense. Independent of level, taxation needs to happen when you actually make money.
5. I move to Switzerland because no politician cares/listens.
6. I still don’t get any tangible and sensible answers to my criticism of unrealized gains tax, BUT I do get put up on the “wall of shame” at the socialist parties offices…

I’m Norwegian and I love Norway but the socialist politicians are taking the country down a dark path. It’s a real life Atlas Shrugged. //

Alex Svanevik 🐧
@ASvanevik
·
17h
Here’s how insane things have gotten in Norway:

The Socialist Party has a “wall of shame” in their office with “rich people who have left Norway” - due to the outrageous taxes they’re now being charged.

Who do you find on that wall?

Startup founders like @hagaetc -

Jonatan Pallesen
@jonatanpallesen
Here in Denmark I know an early contributor to successful startups (Unity and more). One year their stocks rose, and the next they fell. This left him with a tax burden much larger than his wealth. He is now a million dollars in debt for doing this successful work.

Orwell2024🏒
@orwell2022
·
5h
Plain evil. And intentional. Socialists do not want a country with business owners and entrepreneurs, but a couple of large companies which they fully control.