Re:Norweigan oil fund
by myth_drannon on Thursday August 01, 2019 @10:56AM
(#20584258)
Alberta has one - https://en.wikipedia.org/wiki/Alberta_Heritage_Savings_Trust...
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
And Canada has more than just oil.
But a lot of it seems to be privately squandered.