151–160 of 339 posts
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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.
"Leaving your career for UBI" is literally the opposite of what UBI is intended to do.
Yes those social Norwegian's invested; and the UK gave there north sea oil revenues to all the oligarchs
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Which is exactly why UBI is generally suggested to give below the poverty line. Enough to survive but not enough to be comfortable. Enough to get you through downturns but not enough where you'll abandon a well paying job.
Which is why i can't fathom why every business would not raise their prices to match the UBI minimum. I mean it's not like there would be anyone who can't afford that.
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.
One piece of history that I think marks the start of Venezuela's free fall, it's the pardon that the then-president Caldera granted to the leader of a military coup, Chávez. That allowed populism and corruption to reign in the country (he won the next elections).
Wow! These people must be extraordinary to use oil money this way! Not kidding! Never been in Norway, but in countries I have ever been this would be barely possible due to corruption and the needs of the politician’s buddies. Like yachts, private jets, Bentleys and Vertu phones. This $186k/person isn’t far from what average German poses: https://www.bundesbank.de/resource/blob/617492/cd59713c156ad...
Farouk al-Kasim is the Iraqi who is said to have played a big role in this outcome. I believe his story has been on HN before: https://www.ft.com/content/99680a04-92a0-11de-b63b-00144feab...
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Except every other oil dominated country - e.g. Iraq, Libya, half of Africa is more like Venezuela (worse even), than Norway. The oil curse is very real and, for Venezuela, largely unavoidable.
That’s not true, the Saudis do very well for themselves. The entire citizen population is given massive handouts, and it seems to be working out okay. Corruption isn’t very bad, at least compared to other oil states. Also Kuwait is doing good as well, and they have a retarded amount of oil. But, in general, I agree that it often hurts instead of helps. But select countries like the US, Norway, Kuwait, and Saudi Arabi…
Have you ever been to Riyadh and seen the poor state of housing, the laughable state of repair of motor vehicles, the constant complaints about the state of the education and health systems?
Perhaps they are given massive handouts but it doesn't seem to be translating into functioning infrastructure.
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That's not an order of a magnitude. Even then, so, Venezuela produces 1/5th per capita the oil of Norway. Why doesn't there exist a fund with $37k/person in Venezuela?
You could ask a similar question of the UK.
The UK policy was, effectively, 'paaarty!'
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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.
yeah also take a look at how many immigrants and refugees they let into their country. the number is probably very close to 0.
> In 2017, Norway's immigrant population consisted of 883,751 people, making up 16.8% of the country's total population. This includes both foreign-born and Norwegian-born with two foreign-born parents, and four foreign-born grandparents. In this population, 724,987 are foreign-born immigrants, while 158,764 are Norwegian-born with foreign-born parents. The ten most common countries of origin of immigrants residing in Norway are Poland (97,196), Lithuania (37,638), Sweden (36,315), Somalia (28,696), Germany (24,601), Iraq (incl.Kurdistan region) (22,493), Syria (20,823), Philippines (20,537), Iran (incl. Kordestan province) (21,364) and Pakistan (19,973). The immigration population comprises people from a total of 221 countries and autonomous regions.