Danish Premier Bets on $1 Billion Wealth Tax to Keep Her Job

Almost half the voters back reinstating the tax but critics fear an exodus of the rich

Mette Frederiksen, Denmark's prime minister

Photographer: Andy Rain/EPA/Bloomberg

Prime Minister Mette Frederiksen is betting that a proposal to reinstate a wealth tax on Denmark’s richest residents will resonate with the Danish voter base and help keep her in power next month, even though critics say it might lead to an exodus of billionaires.

Frederiksen, a Social Democrat, said she aims to raise about 6 billion kroner ($1 billion) from a group of Danes, representing less than 1% of the population of 6 million, as she called a parliamentary ballot for March 24.