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Re:Norweigan oil fund by Scoundreller on Thursday August 01, 2019 @10:46AM (#20584139)
I do wonder if Canada could have been like Norway for the same reasons.

And Canada has more than just oil.

But a lot of it seems to be privately squandered.

Re:Norweigan oil fund by myth_drannon on Thursday August 01, 2019 @10:56AM (#20584258)
Re:Norweigan oil fund by Scoundreller on Thursday August 01, 2019 @12:42PM (#20585603)
Works out to $4k per person in the fund currently.

The argument could be made that it’s because they spent the money on long-term assets, but I’d argue they spent it on lower taxes.

Re:Norweigan oil fund by joshspankit on Thursday August 01, 2019 @11:18AM (#20584556)
Even worse: Canada has actually paid US companies to come take our oil. I feel like all we had to do was charge a very high extraction rate (calculated where 20% of the profit is more than enough to fully restore the ecosystem), have stringent rules in place about pollution, then actively use funds to clean up the environment