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Norweigan oil fund

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Re: Norweigan oil fund

#331

Post by imtringued »

aussiegreenie wrote: post #302
buboard wrote: post #73

Earlier quoted context omitted.

Norway was lucky to be a very developed society before oil was discovered. In most countries oil is a curse

There is/was more oil in the UK controlled North Sea and England has nothing from the resource. Australia is the largest exporter of LNG and gets about 3% of the Royalties that Qatar earns. it is simply incompetence and corruption.

I'm sure some England has something from the resource but most of the wealth probably accumulated in the hands of one or two people.

Re: Norweigan oil fund

#333

Post by weberc2 »

Majromax wrote: post #111
michaeljohansen wrote: post #48

Earlier quoted context omitted.

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…

> I think anything below 20% in taxes simply means a country's public functions will suffer. Honestly, the biggest difference between nations isn't so much in income/payroll taxes, but in the VAT. The US simply doesn't have one at the federal level, and state sales taxes are typically in the neighbourhood of 6% ( https://en.wikipedia.org/wiki/Sales_taxes_in_the_United_Stat... ).

I don’t know what that graph is showing but it’s not the sales tax I pay at the register. In Illinois it’s usually 9-11% if I recall correctly. I’m in Chicago, so maybe the local sales tax is much higher than the state average?

Re: Norweigan oil fund

#334

Post by qw »

buboard wrote: post #42
ceejayoz wrote: post #16

Earlier quoted context omitted.

The US produces 10x the oil Norway does, and was producing significant amounts of oil as far back as the 1860s. We've had that profit stream, we just let it get captured by private corporations (or in Alaska's case, given away to garner votes).

The Us exports 3x times as much oil as Norway Norway is 5 million people. https://en.wikipedia.org/wiki/List_of_countries_by_oil_expor...

The fund is based on oil production, not just exports. The US has a lot of oil that is not exported compared to Norway

Re: Norweigan oil fund

#335

Post by nyolfen »

earthboundkid wrote: post #298
AlexTWithBeard wrote: post #205

Earlier quoted context omitted.

It's about Norwegian climate: you don't work - you freeze to death in winter. In a dozen of generations an idea that everyone must work hard becomes an obvious thing.

This is the kind of asinine racism you can only espouse if you've never lived abroad. Let me assure you, foreigners are the same mix of lazy dumbasses and hard workers as your fellow countrymen.

yes, no cultural differences at all between switzerland and mexico

Re: Norweigan oil fund

#336

Post by outside1234 »

punnerud wrote: post #289
outside1234 wrote: post #229

And all it cost was the earth's climate. I think this "oil fund" will be an interesting target when countries and states start disappearing under water and their crops start failing for reparations. Also, why does Norway not contribute the full 2% to NATO spending again?

We have the second largest investment per person in NATO. 1. US = 1894 USD (3,5% GDP) 2. Norway = 1483 (1,61%) 3. UK = 899 (2,1%) 4. France = 787 (1,81%) 5. Canada = 643 (1,23%) https://www.regjeringen.no/no/tema/forsvar/innsikt/budsjett/... Because of the GDP-measure, if we stop producing oil/gas we will be over the 2% but with a lot of value in the ‘bank’. So the GDP measure is not the best. We still try to get to…

The NATO treaty is that every member will spend 2% of GDP and nothing about per person or per capita. This keeps it fair for countries that are less wealthy.

Re: Norweigan oil fund

#337

Post by accountmagar43 »

nyolfen wrote: post #335
earthboundkid wrote: post #298

Earlier quoted context omitted.

This is the kind of asinine racism you can only espouse if you've never lived abroad. Let me assure you, foreigners are the same mix of lazy dumbasses and hard workers as your fellow countrymen.

yes, no cultural differences at all between switzerland and mexico

Yup. Well, it's quite sad that there are people who truly believe feel-good stuff like "all people are the same" and "all cultures are equally good" even though the reality tells us different story... All countries have their fair share of basterds but in some countries it's the accepted and standard way of behavior.

Re: Norweigan oil fund

#338

Post by agiri »

buboard wrote: post #73
lnsru wrote: post #28

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...

Norway was lucky to be a very developed society before oil was discovered. In most countries oil is a curse

Norway was a poor country prior to the discovery of oil, mostly farmers and fishermen

Re: Norweigan oil fund

#339

Post by earthboundkid »

nyolfen wrote: post #335
earthboundkid wrote: post #298

Earlier quoted context omitted.

This is the kind of asinine racism you can only espouse if you've never lived abroad. Let me assure you, foreigners are the same mix of lazy dumbasses and hard workers as your fellow countrymen.

yes, no cultural differences at all between switzerland and mexico

No one said there aren't cultural differences. There are very huge differences! Being lazy or a dumbass is not a cultural difference. The implication that Mexicans are lazy and Swiss are not is racist.
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