Ive heard about Norway being oil rich for a long time but I never knew how smart they are playing the game. Having a fund like this, that can be tapped whenever money is needed is simply a godsend for every Norwegian.
Not really, most of the fond is protected by law. So you need to change those first before tapping anything above returns. And no, the President of Norway don't got the power to do so alone. Eaven if it passed the King could use his Veto do deny the change. (As far as I know no King of Norway have ever used the Veto right.)
The first sovereign fund was actually Kuwait Sovereign Fund , that was founded in 1953 which it value today reached 700 billion dollars , reaching 500,000 per capita
If you really need help to become a successful trader then you need to seek strategic guidance from an expertise like Mr Adam who helped me to make $52k in 11 days kindly reach out to him on the above mentioned email address thanks from New York.
The Scandinavian countries have always been fascinating to me. Their living standards are one of the best in the world and something like a $1.4 Trillion Wealth Fund is expected. Keep up the good work ;)
Also they have a really strong Healthcare system and everyone can live okay and isn't on the street, pretty amazing because most of the Scandinavian are also left leaning which I didn't expect before I did research
The reason why it took so long before the first investment was that early revenue was used to pay for the expansion of the oil industry infrastructure in western norway. They didn’t “do nothing” for 30 years and finally get around to doing something…
@@LogicallyAnswered One of the biggest achievements Norway did when it came to the oil discoveries in the North Sea was to make sure it wasn't run by foreign companies. Big Norwegian oil companies and oil service companies run oil production in Africa today, there barely exist any African oil companies or oil service companies. They're all foreign. But Norway didn't want that. They wanted companies in Norway to run the whole gig. America came early to aid in the production but the government went hard and big to make sure Norwegian companies will run the whole thing. Today foreign companies still run some fields in Norway such as Conoco Phillips but even they use Norwegian service companies for all the services and most oil fields are ran by Norwegian companies, all in the stock market not own by the Norwegian government except Equinor (Statoil) where it all started. Norway didn't want to get in the trap where only the oil was the income, but rather wanted to build an indistry giving a lot of jobs and money for the Norwegian people
The worst part of Social Security's "investments" is that it invests in US Bonds. So it's not really even income, they're taking money from one pocket to put into the other pocket.
@@Alzzael when the money goes from your employers pocket to your pocket, it's income for you. When you take it from your left pocket and put it in your right pocket, it doesn't mean anything.
Wealth and wealth is created through investment, the only way to be financially stable after retirement is to invest while workig. It has always worked for me
Mr. Kent has good connections with big investors as he works in the stock market, so finding a partner won't be a problem. I'm almost working on it during the unification process
If there’s going to be a Sovereign Wealth Fund for Social Security the stock market will rise rapidly before it starts anticipating the humongous amount of money coming in.
Australia has a decentralised equivalent of this known as Superannuation. Essentially every employer is required to pay an extra 10% of their employees wages into an investment fund of the employees choice. This is collectively worth more than A$3.4 trillion.
@@LogicallyAnswered US has one but employee can choose the amount. Sweden employers pay as much as 50%, non negotiable. I think Singapore started the whole thing. Every citizen takes care of their retirement themselves. Many like to talk about how the aging population needs new blood to pay for them. Yes, if your country is mismanaged.
Why is the US so behind on the times? We have such a massive economy and generate trillions upon trillions of dollars annually. Think of how much MORE wealth the government could generate for the greater good if it was managed properly? What a botched opportunity. It's interesting to me that more people aren't talking about this.
@@jenjuice432 I guess it's a matter of priorities. As long as massive amounts of money comes into the country, albeit into the pockets of an ever shrinking number of individuals, then its supposed to be ok. It will trickle down....the argument goes
I love he uses the word "contributions" when talking about a mandatory 15.2% payroll tax paid split between worker and employer. A contribution is how charities are voluntarily funded.
No, the word contribution is used correctly here. A contribution is any payment to a common fund or collection. It doesn't have to be voluntary in order to be a contribution. The word contribution comes from the latin word 'contribuere' which means to bring together; many parts coming together to fund a larger part. It first appeared in English in late middle English and originally meant a levy in English; an imposed tax which was not voluntary at all. Still to this day contribution does not reflect on whether or not it's payed voluntarily. You might be mixing the word up with donation. Donation comes from the latin word donare, which means to give. And the word donation reflects on the giving part. But the word contribution does not. If you don't agree then don't argue with me, but argue with the people who writes dictionaries, cause I looked the five biggest up to confirm my impression and it was pretty clear in every one. I like how 40 people(so far) liked your comment btw. Probably bunch of Americans who think they know how to use the English language. They clearly don't, Americans can't even understand what a bin means so they gotta call it "trash can" just to make it very clear what it is. Better just switch to Klingon at this point.
Successful people don't become that way overnight. most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life.
My first investment with Clara gave me upto $53,000 and that has made me invest without the fear of losing, I got four of my friends involved with her already..
@@LogicallyAnswered Compared to not having any money. Yes, it is a net negative if you are above median income, but it is literally a life saver for those below. US should have always had a wealth fund, separate from SS. Both would have been better
@@jiminfested I agree that it does have wealth redistribution function. Which is something that government is responsible of, so that is a good thing. However, it does not change the fact that SS could achieved better return and still does wealth redistribution. So it is still a mediocre money management.
@@ujuoh7730 True, in the end of the video he did say that SS should basically still be government ran but as a wealth fund instead of a tax deposit to eventually be repaid. So the longer part of the video did say that the US should have had, and worse yet still could convert SS to a wealth fund over years without severe distortions in the market. However the headline of well I want to sue SS and it's a scam it sickening, to me. Yes if you make decent money and a fully funded 401K you'll be fine, but most of the country won't and that's why SS should exist. I'm ranting and so I'll stop, however in the same sentence he said the problems he could have said SS should be converted into a wealth fund, instead of showing up 10 minutes later at the end of the video
@@jiminfested no. I like having a constructive debate. I guess i am always disgusted by the fact that SS will run out of money by the time I am old enough to receive the check from them. It is truly sad that most of the people even those who can afford to does not contribute to the retirement fund. But I know many national pension funds around the world that does way better than SS. The problem with SS is that they are only allowed to buy bonds. I see how allowing SS to buy individual stocks or even passive funds can be very controversial. One could argue SS buying individual stocks can only make people with stocks wealthy. But it would still be better than having all that money in bonds only. I would promote that SS should be investing passively on indexes that is a combination of sp500 and russell 3000. Or make it sp 1000, provided that they will never exercise the voting rights.
We actually had a discussion about this issue in one of my masters' classes. The US could be so much successful if it had a fund that could be receiving to a federal reserve fund from small partial subsidies from its oil, weapon, financial, individual wealth, and intellectual rights' revenues. All contributing for the sectors of education and health, which is exactly the problems the US is facing.
Having moved to Norway from Denmark, I can confirm Norway is a very nice place to live, Much more relaxed to be honest. However, regarding the fund and oil monday. Denmark and Norway shares the oil coming from the North sea. Norway has decided to put all those monday in a fund, and negotiated brilliant deals. Where's Denmark decided naah, we'll just put them into our budget. So we technically have the same amount of money, but they are NOT being saved, they are being spend as they are being made. Also, we do have shitty deals when it comes to the oil. so GG Denmark. And well done Norway. About Norway being "rich" as a person. I come from a Danish salary. As a IT technician, you would expect around 60.000 USD /Year in salary. Then comes 42 % taxes and lots of tax on fucking everything you buy. As a Norwegian, but yearly salary goes up to around 70.000 USD a year. Which is a pretty big up, and the taxes are lower. Yes the food and everything is quite expensive compared to what you can buy in Denmark, Germany and Sweden. But the salary also compensates for that more expensive prices. Everything is relative to the salary yeah.. Anyway, I don't regret moving here, and I do not plan on moving back to be honest.
@@mpforeverunlimited Hey man! thank you for your reply. I am sorry I am not so well informed of the taxes / salaries in the US etc. I tent stay away from news media, as I don't always find them reliable enough, I like to more interact with people and get unfiltered comments etc. I sometimes think both EU and US have this narrow sight of we both think we are the greatest countries in the world. However, I think it depends on how you want to live. Insurance is optional here, healthcare is included in the taxes. However, don't mistaken it for "free healthcare" as there is no free healthcare, everything is funded through heavy taxing. We have 42 % and 60 % taxes in Denmark. And tax on absolutely everything you can imagine. how that makes sense
@@Twikkilol But in this case you know where do you're taxes are going. You pay a lot, but you received a lot in benefficts. Most of the countrys don't know where their taxes going to, and if that's not all, in some countries you have to pay for the basics.
All countries could and should have done this. With the right initial seeding and management then it becomes self sufficient and abundant. Equities are the best investments and so countries should have very large investment funds (Sovereign Wealth Funds) just like Norway. The US method of raising taxes to pay social security is short sighted and shortcoming.
What should be asked is how volatile equity funds would be to a global recession. Plus, in a way both SS and SWF both depend upon how well the entities being taxed are currently doing. If the oil industry wasn't doing well then that would mean SWFs would get less.
@@LogicallyAnswered Norway nationalized their oil thus creating wealth for themselves and their citizens whereas other third world countries who tried to nationalize their oil were subsequently invaded by the US. And more recently in the case of Mozambique after it was confirmed they had oil reserves worth trillions, out of nowhere came under attacks by "Islamist terrorist" armed with American weapons despite the country being largely peaceful for centuries among all faith's living there, just a coincidence I suppose.
@@houdini5538 I agree that the regime changes and meddling in oil rich 3rd world nations in condemnable but can you elaborate on the Mozambique claim of Islamic terrorism with American. Cause i can’t find any mention of US backed regime in that area anywhere online. Plus I would hope if the CIA did want to covertly promote a revolution to steal trillions in oil that they would not be stupid enough to give traceable American weapons.
I like the idea of a sovereign wealth fund, however I don’t really trust anyone who would be appointed to manage it no matter the political party affiliation. Congress is rife with insider trading and anyone who they would appoint would be at risk to do the same or worse use the money to secretly influence politics by funding certain campaigns over others.
@@LogicallyAnswered yeah I like that idea, there just has to be very strict rules and checks and balances put in place to keep corruption out, because if there’s money to be made, US politicians will always find a way to make it and do it illegally
You don't want politicians to handle it. Those are incompetent everywhere. You want the real experts to handle it, and thankfully that's how Norway did it. Politicians are not allowed to touch it.
So all they need to do to fix Social security is be really lucky at finding more oil in the country then the country can use, and then be the luckiest investor in the stock market. Seems simple.
Nah, just take a portion of social securities’ reserves and invest it in broad index funds like the S&P 500, Nasdaq, and Dow Jones. You could also throw in some corporate bonds and foreign indices to reduce risk even further.
Luckiest? Bro they underperformed the base index. You wouldn't even have to manage it. You could just park it in SPY or the total market index and get the same return or better.
Americans get the systems which they want - including social security. I’m happy with both our superannuation and our sovereign wealth fund here in Australia 🇦🇺
great topic man. I also read somewhere that abu dhabi has total 900 billion dollars in thier soverign wealth fund which is more than 1 million dollars worth of assets per person and in total uae has about 1.3 trillion dollars in their soverign wealth fund.
@@jeschinstad The uae has more than 3-4 Sovereign wealth funds actually - Mubadala , Abu Dhabi Investment Authority, Abu Dhabi Investment Council, Dubai Investment Authority, Sharjah Investment Authority and ADQ - IHC are sub privately owned large investment funds.
@@jeschinstad This is inaccurate they are not disclosing they're real AUM since its confidential my guess its above 1T at the time of speaking and thats only 1 fund in UAE not taking into consideration the other 3-4 sovereign funds
Hey I’m trading with Mr ADAM, trading with his strategy and predictions are so accurate that I was able to make a lot of money on my previous trades, Reach him for help on the email above my comments, I recommend him for newbies and for anyone seeking for help in trading.
Norway nationalized their oil thus creating wealth for themselves and their citizens whereas other third world countries who tried to nationalize their oil were subsequently invaded by the US. And more recently in the case of Mozambique after it was confirmed they had oil reserves worth trillions, out of nowhere came under attacks by "Islamist terrorist" armed with American weapons despite the country being largely peaceful for centuries among all faith's living there, just a coincidence I suppose.
Although this is correct to an extent, most countries missmanaged their oil wealth with no foreight intervention. Mexico is a good example, Argentina would be another.
Hey I’m trading with Mr ADAM, trading with his strategy and predictions are so accurate that I was able to make a lot of money on my previous trades, Reach him for help on the email above my comments, I recommend him for newbies and for anyone seeking for help in trading.
I realized that the secret to making a million is making better investment. I always tell myself you don't need that new Car or that vacation just yet and that mindset helps me make more money invest:ng. For example last year I invested 70k in blue chip stocks and crypt0 s (with the help of my advisor of course) and made about 380k, but guess what? I put it back and traded with her again and now I'm rounding up close to a million. Delayed gratification always pays off
@Casino Şimşek Yes I recommend the service of Lynne Ellen Rule she is a great financial consultant and has made a great impact on my financial journey.
Hey I’m trading with Mr ADAM, trading with his strategy and predictions are so accurate that I was able to make a lot of money on my previous trades, Reach him for help on the email above my comments, I recommend him for newbies and for anyone seeking for help in trading.
Trinidad never had 3 trillion, the oil is worth that amount probably but the country itself never had 3 trillion. It did have a high per capita income however. That fall off isn't due to a single issue. I could ask what have you done to improve your country?
Something like 60% of the gas price are taxes to the government, used to help support the welfare state. In Norway cars have traditionally been seen as a luxuary, and one want to move money from the 'rich' to the 'poor'. A part of those taxes are used, are supposed to, for highways and maintenence, which is quite costly in this country of mountains. Also Norway wish to be in the front enviromental, and officially gas cars are 'bad' and must be 'crushed', but at the same time the state want the tax money)
@@Rimrock300 oh yes I'm so glad to hear Norway's commitment to climate change so they should just start pumping oil all together like Greta Thunberg say shut it off overnight and watch everyone's retirement go to zero lol
@@EverydayImTECHnIt The retirement money is in no bigger danger, the pension fund is pretty large by now after 25 years of saving and investing. Much of the profit from oil sales are invested into green tech. It would not help the world if Norways oil was shut down overnigth. Would just been replaced by other producers, even more poluting sources like from oilsand. The world needs oil for mny decades to come still, like it or not.
You can actually watch the oil funds value fluctuate in real time online, though the number is so big that its kinda incomprijensible with all the digits moving all over the place constantly
Hey I’m trading with Mr ADAM, trading with his strategy and predictions are so accurate that I was able to make a lot of money on my previous trades, Reach him for help on the email above my comments, I recommend him for newbies and for anyone seeking for help in trading.
Hey I’m trading with Mr ADAM, trading with his strategy and predictions are so accurate that I was able to make a lot of money on my previous trades, Reach him for help on the email above my comments, I recommend him for newbies and for anyone seeking for help in trading.
Idea: If it is labeled General Fund in any government account then it can be used to invest in a national fund. That would teach them proper and transparent accounting.
I'm not entirely sure what you mean, but we do have a national fund. Because the Government Pension Fund of Norway consists of two funds. One is the so-called oil fund that is really called the GPF:Global and the other is called GPF:Norway. The GPF:Norway is a closed fund that invests in Norway, Sweden, Denmark and Finland. We don't want to cause inflation, however, because we have other exports, so our investments in Norway is much smaller.
so, basically, they took the idea of the AFP developed in Chile in the 80s by the Chicago boys, Milton Friedman's team of students, and instead of giving most of the profits to the private sector to finance their investments and become richer, like in Chile and pretty much most of the world, they decided to do the actual thing that it was created for, let the state manage it and create wealth for the citizens instead of letting the private sector manage the profits not allowing the people any sort of withdrawal ever, damn you Norway, I envy you.
Hey I’m trading with Mr ADAM, trading with his strategy and predictions are so accurate that I was able to make a lot of money on my previous trades, Reach him for help on the email above my comments, I recommend him for newbies and for anyone seeking for help in trading.
@@danurkresnamurti3598 the private sector has no other intention than to make money out of it, and then make even more money by cutting down expenses, which means kick out workers with the excuse that they are making everything more "effective", when in reality they are giving all the workload of the people that was fired to the workers that are left. Give companies to the private sector if you want, but things like social services, health, education and even the jails, keep them managed by the state for they should never be made for profit.
Norway technically has two sovereign wealth funds the 1.4 Trillion dollar oil fund and the Peoples Social Security fund at 50 billion USD only invested in the Nordics
Heads up… the 4% rule does not say what you think it says. It has nothing about never running out of money forever. It is based on the Trinity study which is for 30 year periods. 4% of the original balances adjusted for inflation each year of that original amount.
True, but they've also done studies on the probabilities of losing money when withdrawing 4% over long periods of time, and the findings are quite favorable.
Hey I’m trading with Mr ADAM, trading with his strategy and predictions are so accurate that I was able to make a lot of money on my previous trades, Reach him for help on the email above my comments, I recommend him for newbies and for anyone seeking for help in trading.
Not only is it ironic that they cannot invest in oil when the money is from oil.. but can't invest in weapons, when Norway is one of the biggest weapons exporters in the world...
Sweden didn't believe in this golden fund. The deal in 1979 were that Norway wanted ownership in Volvo, and Sweden thought oil were worthless and claimed it would be a unfair deal for Sweden. Sweden regretted it ever since.
The main perk I see to it is lifestyle inflation wouldn’t hurt Americans as much. Our economy is fueled by consumerism. You would just see a better result in the end duo to increased spending resulting in increased returns.
There is actually a 5th blacklisted area for how/where to invest. The oil fund cannot invest in Norwegian companies. This is to prevent being a factor tipping the scale for competing businesses/companies.
Real meaning of trash in finanace is definitely social security, it just useless and in norway’s case it is just mind boggling. Great video 👍🏻 Do you like it, hari?
Your business will make you rich but your investment will make you wealthy. We all deserve to be rich and have financial freedom. I pray everyone reading this becomes extremely successful.
I diversified my $25K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $450k in net profit across high dividend yield crypto in few weeks or months.
Seems like Nordic countries value their citizens happiness and ability to live independently. Unfortunately in America, if a program isn't profitable it's determined to have no value. Imagine if the US took some of the money it makes and gave it back to citizens via a Wealth Fund? Maybe via a wealth tax?
If you really need help to become a successful trader then you need to seek strategic guidance from an expertise like Mr Adam who helped me to make $52k in 11 days kindly reach out to him on the above mentioned email address thanks from New York.
In USA it is seen as communism or socialism, so they will pass on such an arrangement. Difference No. 2: Americans are self centered. What’s in it for ME? Americans do not understand that helping fellow citizens can indirectly contribute to benefit themselves
To the *worthwhile person* seeing this, your dream is not dead. Don’t allow the past and current pains and hurts stop and define you. You’re more than a conqueror. Rise up and put yourself together. Keep pushing your future depends on it. I wish you all the best in life.
The one problem with this analysis is that the Norwegian SFW does *NOT* finance social programs or old age pensions; those are funded by taxation, same as the rest of the developed world. I’m very much in favor of a social wealth fund in America, but using Social Security as the funding source would be catastrophic. The point of Social Security isn’t to build national wealth; it’s to provide seniors with a baseline of inflation-adjusted income in old age.
Weird statement. We fund pensions under the state budget, yes, and then the SWF contributes massively to that budget. For 2022, the state budget is 1576bn NOK and the contributions from the SWF is ~360bn NOK. The expenses to old age pensions is 269bn NOK in 2022, which means it is more than paid for by the SWF.
@@jeschinstad Well, TIL! Isn't it fairly recent that the government was taking such big withdrawals though? In any case, I think my point stands in that the SWF isn't seeded with people's retirement savings and so Social Security isn't a good funding source for an American equivalent.
@@davidbaird2211: The allowance is increasing very fast year by year and it's not like politicians are afraid to spend money. I think people struggle with percentages. They hear that we spend on average 3% per year and think that's a flat rate, but it isn't. It is true that we used to spend a higher percentage, but let's say we spent 6% when the fund was worth 1000bn NOK. That would be 60bn NOKs. But the fund is now 12.000bn NOK and 3% is then 360bn, which is six times more money, even if the percentage is halved. We spent more than the allowance in 2020 and 2021, both years 3,6%. But in 2020, 3,6% meant 385,8bn while in 2021, 3,6% meant 406,8bn, so that's a 5,5% increase in spending from one year to the next. That is a significant increase. But the fact is we made a killing both those years, because low oil prices reduced the value of the NOK, but the Americans and Europeans still paid dividends in dollars and euros, so the devaluation of the NOK itself was enough to pay most of the costs we had with the pandemic. But the Bank of Norway keeps warning us that we must expect the fund to fall 40-50% and perhaps take more than a decade to recover. It'll be interesting to see how we manage that when we're so used to spend 3% of the value of the fund.
Hey bruh, haven't been commenting much since school Tough life and everything I see your channel going well, Keep going man, i was here to see you hit all your Milestone and ill be staying to see the rest 💪
Thanks guys! I’ll def take that into consideration. The main problem was that I kind of just ran out of major space topics, and I don’t wanna cover news.
Hey I’m trading with Mr ADAM, trading with his strategy and predictions are so accurate that I was able to make a lot of money on my previous trades, Reach him for help on the email above my comments, I recommend him for newbies and for anyone seeking for help in trading. Greetings from USA
See.. U.S Corporation already has that private fund and that's BlackRock and Vanguard so that fund is here for them and not for the rest of us. If us as citizens were to create this fund then maybe we got a shot other than that. It's our sad reality.
Well, the funds that Vanguard and BlackRock manages are largely for people. BlackRock's primary business is offering 401K, retirement, and pension plans, and Vanguard's primary business is offering low cost index and mutual funds.
Hey I’m trading with Mr ADAM, trading with his strategy and predictions are so accurate that I was able to make a lot of money on my previous trades, Reach him for help on the email above my comments, I recommend him for newbies and for anyone seeking for help in trading. Greetings from USA
Social Security is just a Ponzi scheme that detonates when the young-to-old ratio of the US's demography becomes too top-heavy with old folks. Social Security is bad and doomed in it's current form because it was created in a pre-WW2 environment in which the political establishment didn't anticipate the baby boom would occur. Social Security has been economically terminal for the entire second half of the 20th century all the way until today. That isn't to say a nation with the US GDP can't have such a system survive for extended periods into the future, but I am trying to indicate that we will have to make extensive modifications and/or extensive funding decisions to prop it up in it's current form for another 20-30 years. Honestly I expect that in my lifetime I will see a populist economic renegotiation within the US along the lines of the New Deal, and I expect a large part of that will be making sure that the retirement system is repaired. Unfortunately I can't ignore the risk that we fail to fix Social Security though, and if that occurs we can expect the government to hopefully put it on the 30 year t-bill "line of credit" instead of simply devaluing the dollar to fund it (as the demographic inversion is a temporary impediment that is solved by the deaths of the elderly beneficiaries within that time period). Alternatively they could decide to dump the problem back into the business world and revive pensions in a modern format, but I think that is the least likely outcome, even below letting the system collapse without attempting a resuscitatory intervention. The real issue is that Social Security is a value transfer vehicle and not a value creation vehicle like an investment in a 401k, so it's inherently weak against a demand-induced scarcity of value (currency from young people's taxes being a supply of value in real terms). Being a value transfer vehicle that taxes more value-creators than it pays currency to value-consumers is generally the easiest way to make Social Security a non-inflationary program, however, which is part of the reason it is structured like it is. Trying to turn it into an investment scheme, which can generate value spontaneously without labor, may be considered impractical unless the GDP of the country is strong enough to outgrow the currency devaluation associated with giving out money to seniors without requiring them to create additional economic value in real terms. Because seniors don't work but they do get paid it would cause inflation as the real value of the country was stretched over enough dollars for the entire population. By taxing young people who create value in their job that problem is solved, as now every dollar you need for an additional senior is one less dollar needed for the young people's payment. In extreme scenarios however you simply run into the fact people who are young can't pay a 100% or greater tax, by definition.
Hey I’m trading with Mr ADAM, trading with his strategy and predictions are so accurate that I was able to make a lot of money on my previous trades, Reach him for help on the email above my comments, I recommend him for newbies and for anyone seeking for help in trading. Greetings from USA
@@gullfeber: Norway hid the highest GDP in the world twenty years before the oil. It is also true that 2/3s of the wealth fund is return on investment.
@@jeschinstad Er en veldig god artikkel om dette i blant annet E24 med tittelen «Hverken Gherardsen eller oljen gjorde Norge rikt». Godt forklart, utover det du allerede har nevnt 👍 På tide at folk klarer å skille på myter og fakta
The US doesn't/will never need a sovereign wealth fund at all cuz our Central Bank/ The FED has an unlimited amount of money to spend with just a few clicks away.
Amazing, i wish my country would have done the same. I take care of myself quite well, but not everyone does or can save, invest and make online buissneses.
If everyone were investing it would just be a asset bubble where most can't cashout. Like we have now due to other reasons. It would only work if you could exchange social security tokens or parts you own for living without selling..
Hey I’m trading with Mr ADAM, trading with his strategy and predictions are so accurate that I was able to make a lot of money on my previous trades, Reach him for help on the email above my comments, I recommend him for newbies and for anyone seeking for help in trading.
Norway has a very rich wealth fund. America doesn’t directly have a wealth fund but most major banks are American and work closely with the government. The top 5 manage like 50 trillion in assets
We effectively choose to give away our sovereign wealth to corporations & the existing wealth elite in this country. Consider how much we give in subsidies & tax breaks. It’s not that we don’t have the means; we don’t TRUST government! Which is also why aside from a few industries (like utilities & roads), the government can’t own enterprises or nationalize them easily. Maybe a topic for another video?
If you really need help to become a successful trader then you need to seek strategic guidance from an expertise like Mr Adam who helped me to make $52k in 11 days kindly reach out to him on the above mentioned email address thanks from New York.
TBH, only an American would expect social security to be profitable. It exxists coz its cheaper to buy insurance collectively as a nation, rather than individually. Per capita us Europeans pay less (more than 2 times less!) healthcare than US because we do it on a national level, while US is trying to make it profitable.
Consider the tax pressure when comparing. Over 50% on wages at the federal level and in addition municipal and provincial taxes, taxes on goods, fuel, energy etc etc. Compare US and European purchasing power.
I like the idea to converting social securities body into somewhat sovereign fund. I believe it is applicable to other developing countries in which didnt have much budget to spare for the new sovereign wealth fund. In my country the idea of the sovereign wealth fund that just newly established is also to attract fund from investors. Somehow I didnt see it could work well given the fact that it should be the sovereign wealth that manage and drop the money into something and not the other way around. But of course Im not being pessimistic and will see to the future.
There are a few things you miss when it comes to the US. Mostly related to the sheer size and wealth of the US distorting markets and raising due process concerns.
The idea of being careful with your resources and planning ahead in entrenched in the mindset when you know its gonna cold and dark for five months of the year.
Whilst there is doubt Norway has huge benefits from the oil fund, please do not paint this perfect picture. Currently, there is a power supply crisis, causing normal working mothers to not have their kids under their own roof in fear of their children freezing, people can not afford housing, don´t shower every day anymore. Why is this you ask? Well, there is a deal called "EØS" between Norway and the EU that means Norway is not directly a part of the EU. This deal causes Norway to force-sell the power supply we generate, which is fair enough. The problem is that we buy back the power we generate on the cost of the people, whilst the government takes profit when we buy back the power to put back in this fund. The price has gone up 10x from just 6 months ago, around 100x production cost. Considering some people have had to move from their home and sustain from normal activities as a consequence of economic weakness due to Covid, I find it very unethical of the government to force the people who are contributing to this system every day to don´t have access to basic needs. For most people, about 80% of our salary goes back to the government via taxes and other added expenses tied to everyday products. On top of this, the Norwegian journalists are currently uncovering economic corruption from politicians (even though that´s nothing new), so take this video with a grain of salt. All this to say: Yes, we have a good system in place, but don´t believe for a second that Norway is this perfect economic system with only the brightest, goodwill minds. Much of this wealth is built on the back of the people and is being controlled by egotistical people who place themselves in front of others.
The power issue is not confined to Norway, all of Europe suffers from that. The crisis is caused by bad managment from the EU not local politicians in Norway. I don't think it is fair to blame the state for what is happening considering it is subsidising a lot of the power bill. Im not sure who these egotistical people you are talking about are supposed to be, but I think that the state is a lot more generous that most other European countries going through the same thing.
Social security pensions are not paid out of the sovereign wealth fund, but out of tax revenues, in my understanding. It is, however, used for providing student loans. Also, you mentioned renewable energy. Norway is completely self sufficient with hydro-electric energy, also exporting same.
I think reducing child tax credit or eliminating the $2,000 and converting it to an investment fund where individual has 0 control until retirement (65, 67, 70 or whatever number you pick) and was invested in a total stock or US stock market fund would make so much sense for the long term of the country. Downside is low income do benefit from the child tax credit; however this is a subset and personally think the benefit outstrips the downside in long long term.
If you really need help to become a successful trader then you need to seek strategic guidance from an expertise like Mr Adam who helped me to make $52k in 11 days kindly reach out to him on the above mentioned email address thanks from New York.
Can't the goverment of US just print money to fund a whelth fund? Yes, the dollar value will decrease. But, they will genereate more money and be more safe in the futhure.
Hey I’m trading with Mr ADAM, trading with his strategy and predictions are so accurate that I was able to make a lot of money on my previous trades, Reach him for help on the email above my comments, I recommend him for newbies and for anyone seeking for help in trading.
Imagine implementing that system to the renewable alternative green energy system, and away from the fossil fuel negative footprint impact on our environment and citizens health .
Hey I’m trading with Mr ADAM, trading with his strategy and predictions are so accurate that I was able to make a lot of money on my previous trades, Reach him for help on the email above my comments, I recommend him for newbies and for anyone seeking for help in trading.
The key for the vast majority of Countries is to start with Health Services and Social Securety. It will always cost a Nation more in the long run that more people become chronically ill for the rest of their lives, without ever being able to get back to work. Cheap for government money now and then, but will be very expensive for the next 30-40 years. Social security for those who fall outside society for various reasons, If one takes the fastest, cheapest route and "forgets" that problem. Due to no positivity from that person means no income either. Or "invest" in these cases, which will cost a little the first time, but if the person can again contribute to society in one way or another, you have got the investments + income back. And not least when the population feels safe and in care, it creates peace and harmony. There will always be exceptions and understand that it can be provocative for some in Norway or Sweden and Denmark. The goal must always be 100% but is an unattainable goal most times. 90% is better than 70-60-50 .......... 20%
5:00 The type of investments they set is what I believe is so praiseworthy and should be practiced more. Some parts is similar to Islamic Syariah-compliant investments, in which you should not have your investments be associated with weapons, sin-related indulgences/self-detrimental products & services and things that are directly detrimental to the community like climate polluters. But either way, Norwegians are very ethical about this indeed.
Hey I’m trading with Mr ADAM, trading with his strategy and predictions are so accurate that I was able to make a lot of money on my previous trades, Reach him for help on the email above my comments, I recommend him for newbies and for anyone seeking for help in trading.
Also a thing to note is that Norway have also the cleanest oil extraction, so if we where to stop and another country takes up the industry their emission of greenhouse gasses would be even greater then Norway, so if we going to handle climate changes Norway cant stop the production but rather other country start buying less so we can reduce production instead. it's annoying that Norway takes the blame, it's the consumers fault and the countries that buy.
@Spekulatius Very weird. I have this issue of comments I want to comment disappearing. I don't think its a bug but google straight up keeping me from voicing my opinion, but I don't have any proof.
@@chraman169 yes, there is high energy cost atm, not only in Norway, but in all of Europe. Most of us can manage. Some can not. But the goverment will pay 80% of the bill over a certain amount of money. That should help a lot. The average tax in Norway is about 30 %. It gives us almost free healthcare, free education, a year to stay at home with our newborns, manageable help if we can't care for ourselves at old age, some dentist work is free. If you lose your job, the goverment helps you. They even pay you for having kids and buying a coffin (sorry, probably lots of weird english here :))
@@lillia5333 Don't say they pay you if you pay 30000 to the government and they give you 3000 back, they haven't given you 3000, you have given them 27000 still. And how is it 30% if sales tax alone is 25% if you add all taxes also those on businesses, property, excise tax etc.you surely come close to 70-80%. I once did this calculation for the US State I lived in for 7 years (Texas, a low tax state) and even there I came close to 40% (but I had income well above average). I cannot imagine Norway just being at 30%
As a norwegian, one of my hobbies are watching youtube videoes about how great Norway is.
Hahaha, thanks man!
Nice!
Wish I could say the same about the uk 🤦♂️😂
Me too 😂🇳🇴
du er ikke norsk om du ikke gjør det!
Ive heard about Norway being oil rich for a long time but I never knew how smart they are playing the game.
Having a fund like this, that can be tapped whenever money is needed is simply a godsend for every Norwegian.
For sure, it’s not perfect, but way better than most systems around the world
Lessons for building a fortune: step 1, be extremely frugal. Step 2, recognize scammers and stop them before they get it
Too bad England didn't go the way of Norway. Instead they gave the North Sea billions to BP. Argh.
@@LogicallyAnswered is there any system that's perfect?
Not really, most of the fond is protected by law. So you need to change those first before tapping anything above returns. And no, the President of Norway don't got the power to do so alone. Eaven if it passed the King could use his Veto do deny the change. (As far as I know no King of Norway have ever used the Veto right.)
The first sovereign fund was actually Kuwait Sovereign Fund , that was founded in 1953 which it value today reached 700 billion dollars , reaching 500,000 per capita
Ah that’s beautiful
If you really need help to become a successful trader then you need to seek strategic guidance from an expertise like Mr Adam who helped me to make $52k in 11 days kindly reach out to him on the above mentioned email address thanks from New York.
Just learnt this from you,thanks.
Its wrong - thats $162500 per capita - Norway has 5.4 mill people - Kuwait 4.3 mill.
Kuwaiti people are insanely lucky. 20 times the oil reserves of Norway with a tiny population.
The Scandinavian countries have always been fascinating to me. Their living standards are one of the best in the world and something like a $1.4 Trillion Wealth Fund is expected. Keep up the good work ;)
Thanks man! Glad you enjoyed!
Also they have a really strong Healthcare system and everyone can live okay and isn't on the street, pretty amazing because most of the Scandinavian are also left leaning which I didn't expect before I did research
Yeah, the government is having a great time at our expense. Here in Norway, the government is rich and happy but not the citizens
I wish America could organize itself like this
You should look up their history, most of the benefits they enjoy were build on war, blood and slaves
The reason why it took so long before the first investment was that early revenue was used to pay for the expansion of the oil industry infrastructure in western norway. They didn’t “do nothing” for 30 years and finally get around to doing something…
Ah, thanks for the clarification Zyth!
@@LogicallyAnswered One of the biggest achievements Norway did when it came to the oil discoveries in the North Sea was to make sure it wasn't run by foreign companies. Big Norwegian oil companies and oil service companies run oil production in Africa today, there barely exist any African oil companies or oil service companies. They're all foreign. But Norway didn't want that. They wanted companies in Norway to run the whole gig. America came early to aid in the production but the government went hard and big to make sure Norwegian companies will run the whole thing. Today foreign companies still run some fields in Norway such as Conoco Phillips but even they use Norwegian service companies for all the services and most oil fields are ran by Norwegian companies, all in the stock market not own by the Norwegian government except Equinor (Statoil) where it all started. Norway didn't want to get in the trap where only the oil was the income, but rather wanted to build an indistry giving a lot of jobs and money for the Norwegian people
True, Zyth. Also we paid off national debts, and spent A LOT on improving hospitals/schools/infrastructures, etc
The worst part of Social Security's "investments" is that it invests in US Bonds. So it's not really even income, they're taking money from one pocket to put into the other pocket.
For real hahaha
Money is always from one pocket to another my friend.
@@Alzzael when the money goes from your employers pocket to your pocket, it's income for you. When you take it from your left pocket and put it in your right pocket, it doesn't mean anything.
@@richard77231 US Bonds isn't my left pocket neither it is for norvegians. I get your point of view for americans though
@@Alzzael Fair, I should have qualified is as that I was referring to the US government's version of Social Security.
Wealth and wealth is created through investment, the only way to be financially stable after retirement is to invest while workig. It has always worked for me
Poor management skill have been the major problem for investors, especially beginners, so it is advisable to seek professional help/advice
I recommend you look at Larry Kent Nick, he manages my investment, his investment methods and experience are absolutely extraordinary
INSTAGRAM
@ Larry Kent Nick Trading
Mr. Kent has good connections with big investors as he works in the stock market, so finding a partner won't be a problem. I'm almost working on it during the unification process
Every country needs to learn from Norway's success!
agree. imagine nauru did what norway did
If there’s going to be a Sovereign Wealth Fund for Social Security the stock market will rise rapidly before it starts anticipating the humongous amount of money coming in.
Ah yes that’s very true! Sell the news hahaha
Australia has a decentralised equivalent of this known as Superannuation. Essentially every employer is required to pay an extra 10% of their employees wages into an investment fund of the employees choice. This is collectively worth more than A$3.4 trillion.
Ah interesting! The funding side sounds similar to Social Security
@@LogicallyAnswered US has one but employee can choose the amount. Sweden employers pay as much as 50%, non negotiable. I think Singapore started the whole thing. Every citizen takes care of their retirement themselves. Many like to talk about how the aging population needs new blood to pay for them. Yes, if your country is mismanaged.
The Australian model is different. My understanding is that in Norway, it's the gvt that invests the oil money in the sovereign fund
Why is the US so behind on the times? We have such a massive economy and generate trillions upon trillions of dollars annually. Think of how much MORE wealth the government could generate for the greater good if it was managed properly? What a botched opportunity. It's interesting to me that more people aren't talking about this.
@@jenjuice432 I guess it's a matter of priorities. As long as massive amounts of money comes into the country, albeit into the pockets of an ever shrinking number of individuals, then its supposed to be ok. It will trickle down....the argument goes
I love he uses the word "contributions" when talking about a mandatory 15.2% payroll tax paid split between worker and employer. A contribution is how charities are voluntarily funded.
That includes the Medicare and other smaller parts of it that’s the whole payroll tax, social security is 6.2 or 6.3% for each or 12.4/12.6% of that.
No, the word contribution is used correctly here. A contribution is any payment to a common fund or collection. It doesn't have to be voluntary in order to be a contribution.
The word contribution comes from the latin word 'contribuere' which means to bring together; many parts coming together to fund a larger part. It first appeared in English in late middle English and originally meant a levy in English; an imposed tax which was not voluntary at all. Still to this day contribution does not reflect on whether or not it's payed voluntarily.
You might be mixing the word up with donation. Donation comes from the latin word donare, which means to give. And the word donation reflects on the giving part. But the word contribution does not.
If you don't agree then don't argue with me, but argue with the people who writes dictionaries, cause I looked the five biggest up to confirm my impression and it was pretty clear in every one.
I like how 40 people(so far) liked your comment btw. Probably bunch of Americans who think they know how to use the English language. They clearly don't, Americans can't even understand what a bin means so they gotta call it "trash can" just to make it very clear what it is. Better just switch to Klingon at this point.
Successful people don't become that way overnight. most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life.
I have heard a lot about investments with Clara and how good she is, please how safe are the profits?
@@Michael-bx1sb I have also been tradingwith her. profits are secured and over a 100 percent return on investment..
My first investment with Clara gave me upto $53,000 and that has made me invest without the fear of losing, I got four of my friends involved with her already..
@@estherjack6027 wow that's very nice Please how can i be able to reach out to your broker, my income stream is in a mess. pls
Pls how I can get in touch with this Expert Clara ?
I would sue Social Security if I can. If it was the actual investment bank, it would have zero clients. In a way, it is exactly same as ponzi scheme.
For real, I completely agree. It’s absolute garbage.
@@LogicallyAnswered Compared to not having any money. Yes, it is a net negative if you are above median income, but it is literally a life saver for those below. US should have always had a wealth fund, separate from SS. Both would have been better
@@jiminfested I agree that it does have wealth redistribution function. Which is something that government is responsible of, so that is a good thing. However, it does not change the fact that SS could achieved better return and still does wealth redistribution. So it is still a mediocre money management.
@@ujuoh7730 True, in the end of the video he did say that SS should basically still be government ran but as a wealth fund instead of a tax deposit to eventually be repaid. So the longer part of the video did say that the US should have had, and worse yet still could convert SS to a wealth fund over years without severe distortions in the market.
However the headline of well I want to sue SS and it's a scam it sickening, to me. Yes if you make decent money and a fully funded 401K you'll be fine, but most of the country won't and that's why SS should exist. I'm ranting and so I'll stop, however in the same sentence he said the problems he could have said SS should be converted into a wealth fund, instead of showing up 10 minutes later at the end of the video
@@jiminfested no. I like having a constructive debate. I guess i am always disgusted by the fact that SS will run out of money by the time I am old enough to receive the check from them. It is truly sad that most of the people even those who can afford to does not contribute to the retirement fund. But I know many national pension funds around the world that does way better than SS. The problem with SS is that they are only allowed to buy bonds. I see how allowing SS to buy individual stocks or even passive funds can be very controversial. One could argue SS buying individual stocks can only make people with stocks wealthy. But it would still be better than having all that money in bonds only. I would promote that SS should be investing passively on indexes that is a combination of sp500 and russell 3000. Or make it sp 1000, provided that they will never exercise the voting rights.
I don't know if all of what you mention in your videos is 100% accurate but they are super intresting and easy to follow. Thank you!
We actually had a discussion about this issue in one of my masters' classes. The US could be so much successful if it had a fund that could be receiving to a federal reserve fund from small partial subsidies from its oil, weapon, financial, individual wealth, and intellectual rights' revenues. All contributing for the sectors of education and health, which is exactly the problems the US is facing.
agree. imagine nauru did what norway did
@@danurkresnamurti3598 actually they did but their investments failed big time and now they are poor.
@@riteshgupta4002 thankyou for the insight
@@riteshgupta4002 they invested into property and doesn't diversify enough iirc, that's why they failed
@@skyfeelan they invested through some advisors who fleeced the money and sold the prop at several times higher rate and its prices failed.
Having moved to Norway from Denmark, I can confirm Norway is a very nice place to live, Much more relaxed to be honest.
However, regarding the fund and oil monday. Denmark and Norway shares the oil coming from the North sea. Norway has decided to put all those monday in a fund, and negotiated brilliant deals. Where's Denmark decided naah, we'll just put them into our budget. So we technically have the same amount of money, but they are NOT being saved, they are being spend as they are being made. Also, we do have shitty deals when it comes to the oil. so GG Denmark. And well done Norway.
About Norway being "rich" as a person. I come from a Danish salary. As a IT technician, you would expect around 60.000 USD /Year in salary. Then comes 42 % taxes and lots of tax on fucking everything you buy.
As a Norwegian, but yearly salary goes up to around 70.000 USD a year. Which is a pretty big up, and the taxes are lower. Yes the food and everything is quite expensive compared to what you can buy in Denmark, Germany and Sweden. But the salary also compensates for that more expensive prices.
Everything is relative to the salary yeah.. Anyway, I don't regret moving here, and I do not plan on moving back to be honest.
Sounds like you'd do better in the US. 25% tax give or take with an extra 10-15k a year base salary. You have to pay insurance though
@@mpforeverunlimited Hey man! thank you for your reply. I am sorry I am not so well informed of the taxes / salaries in the US etc. I tent stay away from news media, as I don't always find them reliable enough, I like to more interact with people and get unfiltered comments etc.
I sometimes think both EU and US have this narrow sight of we both think we are the greatest countries in the world. However, I think it depends on how you want to live.
Insurance is optional here, healthcare is included in the taxes. However, don't mistaken it for "free healthcare" as there is no free healthcare, everything is funded through heavy taxing. We have 42 % and 60 % taxes in Denmark. And tax on absolutely everything you can imagine.
how that makes sense
@@Twikkilol Well colorline commercials have always told me its Deilig å være norsk, I Danmark.
Denmark do produce oil - but MUCH less than Norway (150k barrels a day vs 2 million+).
@@Twikkilol But in this case you know where do you're taxes are going. You pay a lot, but you received a lot in benefficts. Most of the countrys don't know where their taxes going to, and if that's not all, in some countries you have to pay for the basics.
All countries could and should have done this. With the right initial seeding and management then it becomes self sufficient and abundant.
Equities are the best investments and so countries should have very large investment funds (Sovereign Wealth Funds) just like Norway.
The US method of raising taxes to pay social security is short sighted and shortcoming.
For sure! The method of Social Security is sooo bad
What should be asked is how volatile equity funds would be to a global recession. Plus, in a way both SS and SWF both depend upon how well the entities being taxed are currently doing. If the oil industry wasn't doing well then that would mean SWFs would get less.
@@LogicallyAnswered Norway nationalized their oil thus creating wealth for themselves and their citizens whereas other third world countries who tried to nationalize their oil were subsequently invaded by the US. And more recently in the case of Mozambique after it was confirmed they had oil reserves worth trillions, out of nowhere came under attacks by "Islamist terrorist" armed with American weapons despite the country being largely peaceful for centuries among all faith's living there, just a coincidence I suppose.
agree. imagine nauru did what norway did
@@houdini5538 I agree that the regime changes and meddling in oil rich 3rd world nations in condemnable but can you elaborate on the Mozambique claim of Islamic terrorism with American. Cause i can’t find any mention of US backed regime in that area anywhere online. Plus I would hope if the CIA did want to covertly promote a revolution to steal trillions in oil that they would not be stupid enough to give traceable American weapons.
I like the idea of a sovereign wealth fund, however I don’t really trust anyone who would be appointed to manage it no matter the political party affiliation. Congress is rife with insider trading and anyone who they would appoint would be at risk to do the same or worse use the money to secretly influence politics by funding certain campaigns over others.
Fair enough. But that's why I think it should be passively managed like simply investing in a variety of index funds.
@@LogicallyAnswered yeah I like that idea, there just has to be very strict rules and checks and balances put in place to keep corruption out, because if there’s money to be made, US politicians will always find a way to make it and do it illegally
The manager is a previous hedge fund manager and he had to cut all his ties with previous assets.
@@jakobnordal7432 if only elected officials were forced to do that
You don't want politicians to handle it. Those are incompetent everywhere. You want the real experts to handle it, and thankfully that's how Norway did it. Politicians are not allowed to touch it.
So all they need to do to fix Social security is be really lucky at finding more oil in the country then the country can use, and then be the luckiest investor in the stock market. Seems simple.
Nah, just take a portion of social securities’ reserves and invest it in broad index funds like the S&P 500, Nasdaq, and Dow Jones. You could also throw in some corporate bonds and foreign indices to reduce risk even further.
Luckiest? Bro they underperformed the base index. You wouldn't even have to manage it. You could just park it in SPY or the total market index and get the same return or better.
Well Sweden got a functioning social security to but no oil sooo…
Denmark, Finland and Iceland too. Guess we care more about each other here. Hmmm... might be the cold weather :)
Americans get the systems which they want - including social security. I’m happy with both our superannuation and our sovereign wealth fund here in Australia 🇦🇺
Norge for the win 🇳🇴🇳🇴🇳🇴
Yes sir!
great topic man. I also read somewhere that abu dhabi has total 900 billion dollars in thier soverign wealth fund which is more than 1 million dollars worth of assets per person and in total uae has about 1.3 trillion dollars in their soverign wealth fund.
Oh wow, that's crazy!
The Abu Dhabi fund is worth 649bn USD, which is significantly larger per capita, but they've also had fourty years longer to build wealth.
@@jeschinstad they have two funds which in total has 920 billion dollars. It's true they started saving from 1970's.
@@jeschinstad The uae has more than 3-4 Sovereign wealth funds actually - Mubadala , Abu Dhabi Investment Authority, Abu Dhabi Investment Council, Dubai Investment Authority, Sharjah Investment Authority and ADQ - IHC are sub privately owned large investment funds.
@@jeschinstad This is inaccurate they are not disclosing they're real AUM since its confidential my guess its above 1T at the time of speaking and thats only 1 fund in UAE not taking into consideration the other 3-4 sovereign funds
Prudent management of resources. That's the greatest lesson learnt from 🇳🇴Norway.
Hey I’m trading with Mr ADAM, trading with his strategy and predictions are so accurate that I was able to make a lot of money on my previous trades, Reach him for help on the email above my comments, I recommend him for newbies and for anyone seeking for help in trading.
Norway nationalized their oil thus creating wealth for themselves and their citizens whereas other third world countries who tried to nationalize their oil were subsequently invaded by the US. And more recently in the case of Mozambique after it was confirmed they had oil reserves worth trillions, out of nowhere came under attacks by "Islamist terrorist" armed with American weapons despite the country being largely peaceful for centuries among all faith's living there, just a coincidence I suppose.
Although this is correct to an extent, most countries missmanaged their oil wealth with no foreight intervention. Mexico is a good example, Argentina would be another.
Hey I’m trading with Mr ADAM, trading with his strategy and predictions are so accurate that I was able to make a lot of money on my previous trades, Reach him for help on the email above my comments, I recommend him for newbies and for anyone seeking for help in trading.
easy to blame US for all of the countrys problem. bet corruption and dictators is to blam and not US
Usa is MF
I do not watch Netflix,Prime or Disney i watch your videos and they are very informative. I confess your videos have made me addictive to youtube 🙂🙂
Hahaha, thank you Santhosh!
I realized that the secret to making a million is making better investment. I always tell myself you don't need that new Car or that vacation just yet and that mindset helps me make more money invest:ng. For example last year I invested 70k in blue chip stocks and crypt0 s (with the help of my advisor of course) and made about 380k, but guess what? I put it back and traded with her again and now I'm rounding up close to a million. Delayed gratification always pays off
@Stacy White I found her on a CNBC market interview, so I looked her up and we begun our awesome partnership
@Stacy White You can connect with her on what'saap
+150
2273
5657
‘’Courage taught me no matter how bad a crisis gets ... any sound investment will eventually pay off." - Carlos Slim Helu
There are lots of investments options such as real estate, stock market, forex, cr ypt os, passive income,
Financial freedom is absolutely the perfect freedom
@Casino Şimşek Yes I recommend the service of Lynne Ellen Rule she is a great financial consultant and has made a great impact on my financial journey.
Search her name up on the Internet and leave her a message she's quite popular for her service she was recently featured on Bloomberg
Lynne Ellen Rule
It should also be noted that they can’t invest internally in Norway
Hey I’m trading with Mr ADAM, trading with his strategy and predictions are so accurate that I was able to make a lot of money on my previous trades, Reach him for help on the email above my comments, I recommend him for newbies and for anyone seeking for help in trading.
My country Trinidad and Tobago had 3 trillion dollars back in the days and was rank the third richest in the Americans and today we suck ass.
Oh wow, that’s unfortunate
@@LogicallyAnswered They have alot of oil and gas but not a lot of money as before.
Trinidad never had 3 trillion, the oil is worth that amount probably but the country itself never had 3 trillion. It did have a high per capita income however. That fall off isn't due to a single issue. I could ask what have you done to improve your country?
@@jiminfested am telling you it have 3 trillion
@@desfordjames4040 So you are saying a country with about 1 million people had one million dollars per person... k I have a bridge
Why is gas price $6.27 per gallon in Norway if it has so much oil & cares about the people so much????
We have a market driven economy.
Something like 60% of the gas price are taxes to the government, used to help support the welfare state. In Norway cars have traditionally been seen as a luxuary, and one want to move money from the 'rich' to the 'poor'. A part of those taxes are used, are supposed to, for highways and maintenence, which is quite costly in this country of mountains. Also Norway wish to be in the front enviromental, and officially gas cars are 'bad' and must be 'crushed', but at the same time the state want the tax money)
@@Rimrock300 oh yes I'm so glad to hear Norway's commitment to climate change so they should just start pumping oil all together like Greta Thunberg say shut it off overnight and watch everyone's retirement go to zero lol
@@EverydayImTECHnIt The retirement money is in no bigger danger, the pension fund is pretty large by now after 25 years of saving and investing. Much of the profit from oil sales are invested into green tech. It would not help the world if Norways oil was shut down overnigth. Would just been replaced by other producers, even more poluting sources like from oilsand. The world needs oil for mny decades to come still, like it or not.
2:35 why is that part of the video edited as if it was a video of an old news segment, even though it is just taken from another youtube channel?
probably to avoid (automatic) legal claims
Hahaha, I’m not sure. Just an editing quirk
The sweet juicy oil profits really helped Norway.
Yep, they sure did
as it helped the US, arabia and any other country who has oil.
You can actually watch the oil funds value fluctuate in real time online, though the number is so big that its kinda incomprijensible with all the digits moving all over the place constantly
Hey I’m trading with Mr ADAM, trading with his strategy and predictions are so accurate that I was able to make a lot of money on my previous trades, Reach him for help on the email above my comments, I recommend him for newbies and for anyone seeking for help in trading.
Hey I’m trading with Mr ADAM, trading with his strategy and predictions are so accurate that I was able to make a lot of money on my previous trades, Reach him for help on the email above my comments, I recommend him for newbies and for anyone seeking for help in trading.
What do you search up?
@@prometheus6853 oljefondet
This is true at a certain point but at the same time we are being controlled more and more by entities that are private!
True
Cool that’s a good thing. Well maybe not controlled but clearly this public private relationship works
Idea: If it is labeled General Fund in any government account then it can be used to invest in a national fund. That would teach them proper and transparent accounting.
I'm not entirely sure what you mean, but we do have a national fund. Because the Government Pension Fund of Norway consists of two funds. One is the so-called oil fund that is really called the GPF:Global and the other is called GPF:Norway. The GPF:Norway is a closed fund that invests in Norway, Sweden, Denmark and Finland. We don't want to cause inflation, however, because we have other exports, so our investments in Norway is much smaller.
Im taking the Norwegian lesson and applying it to my financial life and teaching the 'Norwegian Mentality' to my kids.
so, basically, they took the idea of the AFP developed in Chile in the 80s by the Chicago boys, Milton Friedman's team of students, and instead of giving most of the profits to the private sector to finance their investments and become richer, like in Chile and pretty much most of the world, they decided to do the actual thing that it was created for, let the state manage it and create wealth for the citizens instead of letting the private sector manage the profits not allowing the people any sort of withdrawal ever, damn you Norway, I envy you.
Hey I’m trading with Mr ADAM, trading with his strategy and predictions are so accurate that I was able to make a lot of money on my previous trades, Reach him for help on the email above my comments, I recommend him for newbies and for anyone seeking for help in trading.
norway can become like that because goverment honesty. if goverment is corupt it is better to give private sector to manage it
@@danurkresnamurti3598 the private sector has no other intention than to make money out of it, and then make even more money by cutting down expenses, which means kick out workers with the excuse that they are making everything more "effective", when in reality they are giving all the workload of the people that was fired to the workers that are left. Give companies to the private sector if you want, but things like social services, health, education and even the jails, keep them managed by the state for they should never be made for profit.
@@NickSwe i am agree with your point
Norway technically has two sovereign wealth funds the 1.4 Trillion dollar oil fund and the Peoples Social Security fund at 50 billion USD only invested in the Nordics
Heads up… the 4% rule does not say what you think it says. It has nothing about never running out of money forever. It is based on the Trinity study which is for 30 year periods. 4% of the original balances adjusted for inflation each year of that original amount.
True, but they've also done studies on the probabilities of losing money when withdrawing 4% over long periods of time, and the findings are quite favorable.
America needs to Federal Sovereign Social Wealth Fund funded by a 100 trillion dollar Platinum Coin with a 10% rate of interest return every year!
wait social security only collects a maximum of $18k per person? maybe that's the problem, we don't tax the rich enough.
Hey I’m trading with Mr ADAM, trading with his strategy and predictions are so accurate that I was able to make a lot of money on my previous trades, Reach him for help on the email above my comments, I recommend him for newbies and for anyone seeking for help in trading.
No everything about Ponzi Insecurity is wrong and its a scam
I love this topic. I find it to be a very interesting topic. Your videos and topics rock!
Thank you so much Brian!
Allways fun seeing my workplace in youtube videos
I love the fund.. it means I never need to worry about my future, or my grandkids.
Now I really want to go visit Norway!!
Not only is it ironic that they cannot invest in oil when the money is from oil.. but can't invest in weapons, when Norway is one of the biggest weapons exporters in the world...
Sweden didn't believe in this golden fund. The deal in 1979 were that Norway wanted ownership in Volvo, and Sweden thought oil were worthless and claimed it would be a unfair deal for Sweden. Sweden regretted it ever since.
The main perk I see to it is lifestyle inflation wouldn’t hurt Americans as much. Our economy is fueled by consumerism. You would just see a better result in the end duo to increased spending resulting in increased returns.
There is actually a 5th blacklisted area for how/where to invest. The oil fund cannot invest in Norwegian companies. This is to prevent being a factor tipping the scale for competing businesses/companies.
that is so wrong, where did you even get that information? look at all the biggest companies on Oslo Børs you will see the fund everywhere
If you really need to speak that fast (or increase the audio’s speed) you also should improve your pronunciation (or put some captions)
How can they have a stake in Nestlé if they're against human rights violations? That company has done evil things
Real meaning of trash in finanace is definitely social security, it just useless and in norway’s case it is just mind boggling.
Great video 👍🏻
Do you like it, hari?
Ah yeah, I would def support the US doing something similar to the Oil Fund. Social security is such a waste hahaha
Many people venture into crypto to be wealthy, meanwhile I just want to be debt free.
Your business will make you rich but your investment will make you wealthy. We all deserve to be rich and have financial freedom. I pray everyone reading this becomes extremely successful.
@David Lopez real estate is good but crypto is better
When you invest in crypto you are buying days you don't need to work
Now is the best time to purchase and invest in bitcoin, stop procastinating
I diversified my $25K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $450k in net profit across high dividend yield crypto in few weeks or months.
Seems like Nordic countries value their citizens happiness and ability to live independently. Unfortunately in America, if a program isn't profitable it's determined to have no value. Imagine if the US took some of the money it makes and gave it back to citizens via a Wealth Fund? Maybe via a wealth tax?
If you really need help to become a successful trader then you need to seek strategic guidance from an expertise like Mr Adam who helped me to make $52k in 11 days kindly reach out to him on the above mentioned email address thanks from New York.
In USA it is seen as communism or socialism, so they will pass on such an arrangement. Difference No. 2: Americans are self centered. What’s in it for ME? Americans do not understand that helping fellow citizens can indirectly contribute to benefit themselves
To the *worthwhile person* seeing this, your dream is not dead. Don’t allow the past and current pains and hurts stop and define you. You’re more than a conqueror. Rise up and put yourself together. Keep pushing your future depends on it. I wish you all the best in life.
The one problem with this analysis is that the Norwegian SFW does *NOT* finance social programs or old age pensions; those are funded by taxation, same as the rest of the developed world.
I’m very much in favor of a social wealth fund in America, but using Social Security as the funding source would be catastrophic. The point of Social Security isn’t to build national wealth; it’s to provide seniors with a baseline of inflation-adjusted income in old age.
Weird statement. We fund pensions under the state budget, yes, and then the SWF contributes massively to that budget. For 2022, the state budget is 1576bn NOK and the contributions from the SWF is ~360bn NOK. The expenses to old age pensions is 269bn NOK in 2022, which means it is more than paid for by the SWF.
@@jeschinstad Well, TIL! Isn't it fairly recent that the government was taking such big withdrawals though?
In any case, I think my point stands in that the SWF isn't seeded with people's retirement savings and so Social Security isn't a good funding source for an American equivalent.
@@davidbaird2211: The allowance is increasing very fast year by year and it's not like politicians are afraid to spend money. I think people struggle with percentages. They hear that we spend on average 3% per year and think that's a flat rate, but it isn't. It is true that we used to spend a higher percentage, but let's say we spent 6% when the fund was worth 1000bn NOK. That would be 60bn NOKs. But the fund is now 12.000bn NOK and 3% is then 360bn, which is six times more money, even if the percentage is halved.
We spent more than the allowance in 2020 and 2021, both years 3,6%. But in 2020, 3,6% meant 385,8bn while in 2021, 3,6% meant 406,8bn, so that's a 5,5% increase in spending from one year to the next. That is a significant increase. But the fact is we made a killing both those years, because low oil prices reduced the value of the NOK, but the Americans and Europeans still paid dividends in dollars and euros, so the devaluation of the NOK itself was enough to pay most of the costs we had with the pandemic.
But the Bank of Norway keeps warning us that we must expect the fund to fall 40-50% and perhaps take more than a decade to recover. It'll be interesting to see how we manage that when we're so used to spend 3% of the value of the fund.
Great channel, great films, I do appreciate
Thank you Cer!
Hey bruh, haven't been commenting much since school
Tough life and everything
I see your channel going well,
Keep going man, i was here to see you hit all your Milestone and ill be staying to see the rest 💪
Thank you man! As always, I really appreciate your support!
It's basically a huge passive index fund. That is why it is successful. No inflated egos trying to be active.
These videos are absolutely brilliant!! Do you think you could bring back a few space themed videos? Regardless, great video as always!!
Oh yeah I did enjoy them too!!! I love all of his or her videos they really inspire me and my business
Thanks guys! I’ll def take that into consideration. The main problem was that I kind of just ran out of major space topics, and I don’t wanna cover news.
World: Norway, Why are you so rich?
Norway: Stønks.
Hey I’m trading with Mr ADAM, trading with his strategy and predictions are so accurate that I was able to make a lot of money on my previous trades, Reach him for help on the email above my comments, I recommend him for newbies and for anyone seeking for help in trading. Greetings from USA
Could you please post an update about Norway, since they are making record revenue since the recent windfall?
Yes. They did well by investing in their resource sector. But they also took a lot of risk.
I like the way you say Social Security so fast xD
See.. U.S Corporation already has that private fund and that's BlackRock and Vanguard so that fund is here for them and not for the rest of us.
If us as citizens were to create this fund then maybe we got a shot other than that. It's our sad reality.
Well, the funds that Vanguard and BlackRock manages are largely for people. BlackRock's primary business is offering 401K, retirement, and pension plans, and Vanguard's primary business is offering low cost index and mutual funds.
Hey I’m trading with Mr ADAM, trading with his strategy and predictions are so accurate that I was able to make a lot of money on my previous trades, Reach him for help on the email above my comments, I recommend him for newbies and for anyone seeking for help in trading. Greetings from USA
Social Security is just a Ponzi scheme that detonates when the young-to-old ratio of the US's demography becomes too top-heavy with old folks. Social Security is bad and doomed in it's current form because it was created in a pre-WW2 environment in which the political establishment didn't anticipate the baby boom would occur. Social Security has been economically terminal for the entire second half of the 20th century all the way until today. That isn't to say a nation with the US GDP can't have such a system survive for extended periods into the future, but I am trying to indicate that we will have to make extensive modifications and/or extensive funding decisions to prop it up in it's current form for another 20-30 years. Honestly I expect that in my lifetime I will see a populist economic renegotiation within the US along the lines of the New Deal, and I expect a large part of that will be making sure that the retirement system is repaired. Unfortunately I can't ignore the risk that we fail to fix Social Security though, and if that occurs we can expect the government to hopefully put it on the 30 year t-bill "line of credit" instead of simply devaluing the dollar to fund it (as the demographic inversion is a temporary impediment that is solved by the deaths of the elderly beneficiaries within that time period). Alternatively they could decide to dump the problem back into the business world and revive pensions in a modern format, but I think that is the least likely outcome, even below letting the system collapse without attempting a resuscitatory intervention. The real issue is that Social Security is a value transfer vehicle and not a value creation vehicle like an investment in a 401k, so it's inherently weak against a demand-induced scarcity of value (currency from young people's taxes being a supply of value in real terms). Being a value transfer vehicle that taxes more value-creators than it pays currency to value-consumers is generally the easiest way to make Social Security a non-inflationary program, however, which is part of the reason it is structured like it is. Trying to turn it into an investment scheme, which can generate value spontaneously without labor, may be considered impractical unless the GDP of the country is strong enough to outgrow the currency devaluation associated with giving out money to seniors without requiring them to create additional economic value in real terms. Because seniors don't work but they do get paid it would cause inflation as the real value of the country was stretched over enough dollars for the entire population. By taxing young people who create value in their job that problem is solved, as now every dollar you need for an additional senior is one less dollar needed for the young people's payment. In extreme scenarios however you simply run into the fact people who are young can't pay a 100% or greater tax, by definition.
What a strange title.
Without the massive amount oil they wouldn't have any of this.
Hey I’m trading with Mr ADAM, trading with his strategy and predictions are so accurate that I was able to make a lot of money on my previous trades, Reach him for help on the email above my comments, I recommend him for newbies and for anyone seeking for help in trading. Greetings from USA
The US has twenty times more oil and still doesn't have any of this. So what is your point?
This is a myth, old and long since been debunked. They were well off long before the discovery of oil in the north sea
@@gullfeber: Norway hid the highest GDP in the world twenty years before the oil. It is also true that 2/3s of the wealth fund is return on investment.
@@jeschinstad Er en veldig god artikkel om dette i blant annet E24 med tittelen «Hverken Gherardsen eller oljen gjorde Norge rikt». Godt forklart, utover det du allerede har nevnt 👍 På tide at folk klarer å skille på myter og fakta
1.4trillion us doller wealth fund😮omg
The US doesn't/will never need a sovereign wealth fund at all cuz our Central Bank/ The FED has an unlimited amount of money to spend with just a few clicks away.
Amazing, i wish my country would have done the same. I take care of myself quite well, but not everyone does or can save, invest and make online buissneses.
If everyone were investing it would just be a asset bubble where most can't cashout. Like we have now due to other reasons.
It would only work if you could exchange social security tokens or parts you own for living without selling..
Hey I’m trading with Mr ADAM, trading with his strategy and predictions are so accurate that I was able to make a lot of money on my previous trades, Reach him for help on the email above my comments, I recommend him for newbies and for anyone seeking for help in trading.
Norway has a very rich wealth fund. America doesn’t directly have a wealth fund but most major banks are American and work closely with the government. The top 5 manage like 50 trillion in assets
30 trillion$ in dept tho😂
Can really recommend the TV-Serie "Oljefondet". Funniest show I've ever seen
We effectively choose to give away our sovereign wealth to corporations & the existing wealth elite in this country. Consider how much we give in subsidies & tax breaks. It’s not that we don’t have the means; we don’t TRUST government! Which is also why aside from a few industries (like utilities & roads), the government can’t own enterprises or nationalize them easily. Maybe a topic for another video?
If you really need help to become a successful trader then you need to seek strategic guidance from an expertise like Mr Adam who helped me to make $52k in 11 days kindly reach out to him on the above mentioned email address thanks from New York.
Maybe having a reboot and making a government that is worthy of trust isn't a bad idea
is the fund worth more than norway economy it self?
If you mean the GDP, the fund is almost 4 times as big. And I think that the 3% return of the fund is almost 25% of the annual government budget.
@@geirstianaaslund7141 😭 jesus they are swimming in money 😂😂
Investment areas '' most of the the fund is invested equities, which are ownership interests in companies''
Is there an ETF tracking this fund?
TBH, only an American would expect social security to be profitable. It exxists coz its cheaper to buy insurance collectively as a nation, rather than individually. Per capita us Europeans pay less (more than 2 times less!) healthcare than US because we do it on a national level, while US is trying to make it profitable.
Consider the tax pressure when comparing. Over 50% on wages at the federal level and in addition municipal and provincial taxes, taxes on goods, fuel, energy etc etc.
Compare US and European purchasing power.
I would love to have a wealth fund here in my country buuuttt there's a lot of corruption in here soooo no. 🤣
Fair enough hahaha
Haha niceeee
You know
I was like "dammn I'd like it if you made something about Norways wealth fund". And there it is
Hahaha, hope you enjoyed Joel!
@@LogicallyAnswered very much bruv
I like the idea to converting social securities body into somewhat sovereign fund. I believe it is applicable to other developing countries in which didnt have much budget to spare for the new sovereign wealth fund. In my country the idea of the sovereign wealth fund that just newly established is also to attract fund from investors. Somehow I didnt see it could work well given the fact that it should be the sovereign wealth that manage and drop the money into something and not the other way around. But of course Im not being pessimistic and will see to the future.
i think money or fund form investor is not sovereign.
There are a few things you miss when it comes to the US. Mostly related to the sheer size and wealth of the US distorting markets and raising due process concerns.
The idea of being careful with your resources and planning ahead in entrenched in the mindset when you know its gonna cold and dark for five months of the year.
Whilst there is doubt Norway has huge benefits from the oil fund, please do not paint this perfect picture. Currently, there is a power supply crisis, causing normal working mothers to not have their kids under their own roof in fear of their children freezing, people can not afford housing, don´t shower every day anymore. Why is this you ask? Well, there is a deal called "EØS" between Norway and the EU that means Norway is not directly a part of the EU. This deal causes Norway to force-sell the power supply we generate, which is fair enough. The problem is that we buy back the power we generate on the cost of the people, whilst the government takes profit when we buy back the power to put back in this fund. The price has gone up 10x from just 6 months ago, around 100x production cost. Considering some people have had to move from their home and sustain from normal activities as a consequence of economic weakness due to Covid, I find it very unethical of the government to force the people who are contributing to this system every day to don´t have access to basic needs. For most people, about 80% of our salary goes back to the government via taxes and other added expenses tied to everyday products. On top of this, the Norwegian journalists are currently uncovering economic corruption from politicians (even though that´s nothing new), so take this video with a grain of salt. All this to say: Yes, we have a good system in place, but don´t believe for a second that Norway is this perfect economic system with only the brightest, goodwill minds. Much of this wealth is built on the back of the people and is being controlled by egotistical people who place themselves in front of others.
Thanks for all the insight!
The power issue is not confined to Norway, all of Europe suffers from that.
The crisis is caused by bad managment from the EU not local politicians in Norway.
I don't think it is fair to blame the state for what is happening considering it is subsidising a lot of the power bill.
Im not sure who these egotistical people you are talking about are supposed to be, but I think that the state is a lot more generous that most other European countries going through the same thing.
Hear hear 👏
Social security pensions are not paid out of the sovereign wealth fund, but out of tax revenues, in my understanding. It is, however, used for providing student loans. Also, you mentioned renewable energy. Norway is completely self sufficient with hydro-electric energy, also exporting same.
I think reducing child tax credit or eliminating the $2,000 and converting it to an investment fund where individual has 0 control until retirement (65, 67, 70 or whatever number you pick) and was invested in a total stock or US stock market fund would make so much sense for the long term of the country. Downside is low income do benefit from the child tax credit; however this is a subset and personally think the benefit outstrips the downside in long long term.
If you really need help to become a successful trader then you need to seek strategic guidance from an expertise like Mr Adam who helped me to make $52k in 11 days kindly reach out to him on the above mentioned email address thanks from New York.
I dont understand why in America we cant just get our social security payments into a Roth IRA account
Can't the goverment of US just print money to fund a whelth fund?
Yes, the dollar value will decrease. But, they will genereate more money and be more safe in the futhure.
As a proffesional Norwegian, I can confirm this, skål gutta! 😎
Our life is sooo good that we use our time complaining about every thing.
Hey I’m trading with Mr ADAM, trading with his strategy and predictions are so accurate that I was able to make a lot of money on my previous trades, Reach him for help on the email above my comments, I recommend him for newbies and for anyone seeking for help in trading.
Imagine implementing that system to the renewable alternative green energy system, and away from the fossil fuel negative footprint impact on our environment and citizens health .
Hey I’m trading with Mr ADAM, trading with his strategy and predictions are so accurate that I was able to make a lot of money on my previous trades, Reach him for help on the email above my comments, I recommend him for newbies and for anyone seeking for help in trading.
I dropped all my NFT'S in Norway
Short answer: Oil
Long answer: This video
Well, tbh, I don't think the oil really mattered. They could've just funded with taxes if they wanted.
amazing, absolutely smart people....
Most important part is that Norway don't add corrupt leaders to run the oil fond. This would be a hard task in a lot of countries.
The key for the vast majority of Countries is to start with Health Services and Social Securety. It will always cost a Nation more in the long run that more people become chronically ill for the rest of their lives, without ever being able to get back to work. Cheap for government money now and then, but will be very expensive for the next 30-40 years. Social security for those who fall outside society for various reasons, If one takes the fastest, cheapest route and "forgets" that problem. Due to no positivity from that person means no income either. Or "invest" in these cases, which will cost a little the first time, but if the person can again contribute to society in one way or another, you have got the investments + income back. And not least when the population feels safe and in care, it creates peace and harmony. There will always be exceptions and understand that it can be provocative for some in Norway or Sweden and Denmark. The goal must always be 100% but is an unattainable goal most times. 90% is better than 70-60-50 .......... 20%
5:00 The type of investments they set is what I believe is so praiseworthy and should be practiced more. Some parts is similar to Islamic Syariah-compliant investments, in which you should not have your investments be associated with weapons, sin-related indulgences/self-detrimental products & services and things that are directly detrimental to the community like climate polluters. But either way, Norwegians are very ethical about this indeed.
Hey I’m trading with Mr ADAM, trading with his strategy and predictions are so accurate that I was able to make a lot of money on my previous trades, Reach him for help on the email above my comments, I recommend him for newbies and for anyone seeking for help in trading.
Also a thing to note is that Norway have also the cleanest oil extraction, so if we where to stop and another country takes up the industry their emission of greenhouse gasses would be even greater then Norway, so if we going to handle climate changes Norway cant stop the production but rather other country start buying less so we can reduce production instead. it's annoying that Norway takes the blame, it's the consumers fault and the countries that buy.
They bought the dip like a Boss 🤣
What happened to the comment of the guy posting about the high energy cost, the tax burden and the heating issues?
It’s still there, I don’t delete comments unless it’s scammers
@Spekulatius Very weird. I have this issue of comments I want to comment disappearing. I don't think its a bug but google straight up keeping me from voicing my opinion, but I don't have any proof.
@@LogicallyAnswered Very good!
@@chraman169 yes, there is high energy cost atm, not only in Norway, but in all of Europe. Most of us can manage. Some can not. But the goverment will pay 80% of the bill over a certain amount of money. That should help a lot. The average tax in Norway is about 30 %. It gives us almost free healthcare, free education, a year to stay at home with our newborns, manageable help if we can't care for ourselves at old age, some dentist work is free. If you lose your job, the goverment helps you. They even pay you for having kids and buying a coffin (sorry, probably lots of weird english here :))
@@lillia5333 Don't say they pay you if you pay 30000 to the government and they give you 3000 back, they haven't given you 3000, you have given them 27000 still.
And how is it 30% if sales tax alone is 25% if you add all taxes also those on businesses, property, excise tax etc.you surely come close to 70-80%. I once did this calculation for the US State I lived in for 7 years (Texas, a low tax state) and even there I came close to 40% (but I had income well above average). I cannot imagine Norway just being at 30%
So does the fund do any decision making in the companies it invests or just let's them do their own thing and buy non voting shares?