91–100 of 339 posts
Considering this is explicitly stated to be for welfare, it would be really interesting to see a major UBI experiment. If the fund doesn't grow there's 186k 4 per person could be 12k/yr for over 15 years.
15 years is not UBI. If you can’t rely on it being around for the rest of your life it would be insane to leave your career to live on UBI.
> On average, the fund holds 1.4 percent of all of the world’s listed companies. Why fund businesses in other countires? Shouldn't Norway try to set up some more industries at home? Everyone claim Europe (was: EU) needs more VC funding to stop the brain drain. Well, here is a huge pool of money just waiting to be spent
A friend lives in Oslo, sometimes I visit, it shock me the amount of electric vehicles, in one single street all cars parked were Tesla(not the posh area). The city have so much nature, is even hard to explain.
Assuming that a fund like that grows ~10% per year or so, each norwegian makes a bonus of 19230.7 just by existing. That is enough for a family to live in the european south. https://en.wikipedia.org/wiki/Government_Pension_Fund_of_Nor...
"Since 1998 the fund has generated an annual return of 5.8 percent, or 4,404 billion kroner."
Isn'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...
It's strange to me that people aren't protesting and complaining about this fund, when it's a big issue for future.
Yes those social Norwegian's invested; and the UK gave there north sea oil revenues to all the oligarchs
What a waste.
Some points of comparison. - CalPERS[1] has about $360 billion in assets under management. - The US Social Security Trust fund (which, depending on your POV you might count as an accounting fiction) is about $2.9 trillion. - Vanguard has about $5.3 trillion in AUM. 1. California Public Employees' Retirement System
The Norwegian success is the single biggest piece of evidence as to why the Venezuelan catastrophe was largely avoidable, and the fault of irresponsible leadership.
Earlier quoted context omitted.
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.
Norwegian software developer here. I pay my taxes with pleasure, knowing that the money supported my education, my ability to go to the hospital, good roads, good airports, and lots of other public functions that are great because we collectively invest in them. I think anything below 20% in taxes simply means a country's public functions will suffer. It's weird to me that Americans have so much against taxes. If a c…
A friend lives in Oslo, sometimes I visit, it shock me the amount of electric vehicles, in one single street all cars parked were Tesla(not the posh area). The city have so much nature, is even hard to explain.