Norweigan oil fund
nbim.no
Norweigan oil fund
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Re: Norweigan oil fund
#2Isn't this contributing to climate change? The economy everyone uses as an example to replace the current system in the US...
Re: Norweigan oil fund
#3Isn't this contributing to climate change? The economy everyone uses as an example to replace the current system in the US...
Perhaps this is why they can afford many government programs that the US simply cannot. Without a prolific income stream comparable to Norwegian oil, the only way to provide more social services is to tax individuals and businesses harder.
Tax any group too heavily and you create brain drain, which hurts in the long run.
Re: Norweigan oil fund
#4Isn't this contributing to climate change? The economy everyone uses as an example to replace the current system in the US...
The fund was fed by oil profits, but has now divested from oil-centric companies and invests heavily in renewable energy.
Re: Norweigan oil fund
#5Isn't this contributing to climate change? The economy everyone uses as an example to replace the current system in the US...
The fund started with oil money, but now focuses new investments on renewable energy sources:
https://www.wsj.com/articles/norways-sovereign-wealth-fund-b...
Re: Norweigan oil fund
#6Isn't this contributing to climate change? The economy everyone uses as an example to replace the current system in the US...
Perhaps this is why they can afford many government programs that the US simply cannot. Without a prolific income stream comparable to Norwegian oil, the only way to provide more social services is to tax individuals and businesses harder. Tax any group too heavily and you create brain drain, which hurts in the long run.
Without advocating taxing any group too heavily, is there any evidence that this practice has ever created a brain drain?
Re: Norweigan oil fund
#7Isn't this contributing to climate change? The economy everyone uses as an example to replace the current system in the US...
A lot of focus these days on floating offshore wind, autonomous ships and pumping CO2 back into the ground.
Thats why they changed the name from Statoil to Equinor, because of the shift away from oil+gas.
Re: Norweigan oil fund
#8Isn't this contributing to climate change? The economy everyone uses as an example to replace the current system in the US...
Perhaps this is why they can afford many government programs that the US simply cannot. Without a prolific income stream comparable to Norwegian oil, the only way to provide more social services is to tax individuals and businesses harder. Tax any group too heavily and you create brain drain, which hurts in the long run.
Their income tax is 22% if I'm not mistaken.
Re: Norweigan oil fund
#9Isn't this contributing to climate change? The economy everyone uses as an example to replace the current system in the US...
[deleted]
Re: Norweigan oil fund
#10Isn't this contributing to climate change? The economy everyone uses as an example to replace the current system in the US...
Perhaps this is why they can afford many government programs that the US simply cannot. Without a prolific income stream comparable to Norwegian oil, the only way to provide more social services is to tax individuals and businesses harder. Tax any group too heavily and you create brain drain, which hurts in the long run.
The government is not allowed to use more than 4% (return on investment), in practice today this is close to 2% because the return on the fund is lower these days.