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A comment on How Norway spends its $882B global fund. Parent comment

Re:How Norway spends its $882B global fund by gaius on Thursday September 22, 2016 @02:19AM (#12554822)
We have been taking a small cut of the hundreds of thousands of barrels of oil we have been producing daily for the past 100+ years and spending it as fast as we possibly can.

Right, but the money was spent on something tho'. So the question - and I don't know the answer - is whether having that thing, at the time, was worth more than having something else, in the future.

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Re:How Norway spends its $882B global fund by atheg33 on Thursday September 22, 2016 @04:23AM (#12555356)
It just seems like if we had of kept the money and re-invested it... like Norway did... that we would have been much better off in the long run.
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Re:How Norway spends its $882B global fund by gaius on Thursday September 22, 2016 @05:38AM (#12555658)
We could ask the same question in the UK. Successive governments believed in using the money to lower taxes instead. Whether that was right or wrong no-one can really say - but consider that around the time the North Sea came online, income tax was as high as 83% and tax on income from investments was 98%.

http://www.spectator.co.uk/2008/04/why-hasnt-britain-got-a-s...

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