“If your net wealth is approximately $135,000 or more and you live in Norway, you’ve long been subject to a 0.85 percent wealth tax. That rate has, as of this year, been hiked to 1.1 percent by the center-left government, and even more gobs of cash will be taken from rich people worth roughly $1.8 million, who will be taxed at a rate of 1.3 percent.
Unfortunately for the Norwegian lefties—and their American counterparts who argue for similar taxes to be instituted here—this wealth tax hasn’t really generated the revenue they’d expected. It has instead resulted in rich people boarding their superyachts and leaving those fjords behind forevermore.
Per the Norwegian newspaper Dagens Næringsliv, 30 of the country’s multimillionaires and billionaires left the country last year in advance of the wealth tax hike. “This was more than the total number of super-rich people who left the country during the previous 13 years, it added,” noted The Guardian. “Even more super-rich individuals are expected to leave this year because of the increase in wealth tax in November, costing the government tens of millions in lost tax receipts.””
“In January, when an undersea telecommunications cable connecting this far-flung Arctic archipelago to mainland Norway and the rest of Europe was damaged, Norwegian officials called to port the only fishing vessel for miles, a Russian trawler. Police in the northern city of Tromsø interviewed the crew and carried out an investigation into the incident, which was seen as a major threat to the security of Norway and other nations, including the United States. Had there not been a back-up cable, the damage would have severed internet to the world’s largest satellite relay, one that connects the National Oceanic and Atmospheric Administration (NOAA), NASA and other government agencies from around the world to real-time space surveillance.
The investigation’s findings were inconclusive, if worrisome. Something “man-made” had damaged the cable, but Norwegian police could not prove the Russian fishing vessel was responsible, authorities told me. The police allowed the fishing boat crew to return to their ship and set back out to sea.”
…
“today, this Arctic desert is rapidly becoming the center of a new conflict. The vast sea ice that covers the Arctic Ocean is melting rapidly due to climate change, losing 13 percent per decade — a rate that experts say could make the Arctic ice-free in the summer as soon as 2035. Already, the thaw has created new shipping lanes, opened existing seasonal lanes for more of the year and provided more opportunities for natural resource extraction. Nations are now vying for military and commercial control over this newly accessible territory — competition that has only gotten more intense since Russia’s invasion of Ukraine.”
…
“For the past two decades, Russia has been dominating this fight for the Arctic, building up its fleet of nuclear-capable icebreakers, ships and submarines, developing more mining and oil well operations along its 15,000 miles of Arctic coastline, racing to capture control of the new “Northern Sea Route” or “Transpolar Sea Route” which could begin to open up by 2035, and courting non-Arctic nations to help fund those endeavors.
At the same time, America is playing catch-up in a climate where it has little experience and capabilities. The U.S. government and military seems to be awakening to the threats of climate change and Russian dominance of the Arctic — recently issuing a National Strategy for the Arctic Region and a report on how climate change impacts American military bases, opening a consulate in Nuuk, Greenland, and appointing this year an ambassador-at-large for the Arctic region within the State Department and a deputy assistant secretary of defense for Arctic and Global Resilience. America’s European allies, too, have been rethinking homeland security, increasing national defense budgets and security around critical energy infrastructure in the Arctic as they aim to boost their defense capabilities and rely less on American assistance.
But 17 Arctic watchers — including Norwegian diplomats, State Department analysts and national security experts focusing on the Arctic — said they fear that the U.S. and Europe won’t be able to maintain a grip on the region’s energy resources and diplomacy as Russia places more civilian and military infrastructure across the Arctic, threatening the economic development and national security of the seven other nations whose sovereign land sits within the Arctic Circle.”
…
“In Norway’s High North, a term used to describe the Norwegian Arctic territories, no fewer than seven Russian citizens have been detained over the last few months for flying drones, prohibited under the same bans for Russian airlines in European airspace. The drones were discovered flying near areas of critical infrastructure. One of those arrested in October was Andrey Yakunin, 47, the son of Vladimir Yakunin, the former president of Russian Railways and an ally of Russian President Vladimir Putin who was sanctioned by the State Department after Russia’s annexation of Crimea in 2014.”