Entrepreneurs and founders are leaving Norway and Germany in droves thanks to a terrible unrealized gains tax. Unrealized gains taxes are insane… Example: if they say your house has increased in value, even though you did not sell it, you would receive a tax bill. But you would not have any cash to pay it because you didn’t actually sell anything! This type of law creates armies of appraisers and lawyers fighting over the hypothetical estimates price of every asset.