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Re:Norweigan oil fund by navigatesol on Thursday August 01, 2019 @12:22PM (#20585341)
>But what to say about Americans, who squandered natural resources

Yeah, they squandered their natural resources on the way to becoming the richest, most powerful nation in the history of the planet...

How can people say things like this with a straight face? The fact that there are some tough political issues that have or may span a couple decades doesn't erase centuries of history, or millennia of future prospects.

Re:Norweigan oil fund by hcurtiss on Thursday August 01, 2019 @01:27PM (#20586158)
Exactly right. Many Americans are so ashamed of the US, when in many ways it's a shining example of how to do things right -- certainly relative to many other countries. The US is a spectacularly prosperous country, and all it seems anyone talks about is how to fundamentally change the systems that made it that way. There are always in which a society can improve, but man -- let's not forget what's worked well.
Re:Norweigan oil fund by kaibee on Thursday August 01, 2019 @01:50PM (#20586410)
> The US is a spectacularly prosperous country, and all it seems anyone talks about is how to fundamentally change the systems that made it that way.

The things that made America so wealthy were changed pre-2000. It takes time for those changes to really impact society, and for people to realize it. And no one really talking about "fundamental" change. They're talking about raising taxes back to what they used to be like in the 60s and 70s. Not just in terms of the rate, but the percentage of the tax burden that falls on each segment of society.

Re:Norweigan oil fund by hcurtiss on Thursday August 01, 2019 @02:17PM (#20586658)
While there are many other proposals, that kind of tax policy change would, in itself, definitely be a big change. I encourage people to use this calculator to determine your effective tax rate at various times in the past. If your family is like mine, reverting to the tax policy of the 60s and 70s would be a very large hit to us every year.

https://qz.com/74271/income-tax-rates-since-1913/

Re:Norweigan oil fund by duderific on Thursday August 01, 2019 @02:19PM (#20586681)
I think the reasons for that are twofold:

1) There is a tendency to focus on the negative

2) The general trend of wealth inequality has been going in the wrong direction for many, many years and it is only getting worse

https://en.wikipedia.org/wiki/Wealth_inequality_in_the_Unite...

Re:Norweigan oil fund by asdfgasd on Thursday August 01, 2019 @02:25PM (#20586733)
> when in many ways it's a shining example of how to do things right

US prosperity is largely a function of imperialism and military might, not some magical economic formula.

For instance, in South America:

https://en.wikipedia.org/wiki/United_States_involvement_in_r...

The US government overthrew a democratically elected government for the prosperity of a _fruit company_.

> all it seems anyone talks about is how to fundamentally change the systems that made it that way.

Many of the people are fighting the systems that have heavily exploited poor countries around the world for the last ~100 years because they see it as fundamentally immoral. The US doesn't _deserve_ the standard of living it has achieved, and it's built on the blood of dead South Americans and Middle Eastern people.

It's honestly pathetic that poor Americans aren't provided for given the absolute spoils of war the elite have enjoyed.

Re:Norweigan oil fund by hcurtiss on Thursday August 01, 2019 @02:33PM (#20586827)
Oh please. If imperialism and military might were the source of a country's wealth, then Mongolia would be on top, and Russia, and the sun would have never set on Great Britain. No, strong property and contract rights combined with the rule of law and relatively low corruption is what made the US wealthy. And, yes, natural resource extraction and up until recently relatively prudent management of its fiscal resources.
Re:Norweigan oil fund by asdfgasd on Thursday August 01, 2019 @02:54PM (#20587091)
Mongolia's dominance was far before the industrial revolution. That argument is so devoid of context it's not worth addressing. They did achieve huge gains in wealth through imperialism anyway...

The USSR was imperialist, and did achieve massive increases to the standard of living of the elite through imperialism. It's much easier to feed Russia when you can starve Ukraine.

Colonial Britain and the Dutch East India company both achieved massive gains in wealth through imperialism.

The only argument you've made is that strong property and contract rights with rule of law and low corruption can prevent squandering the spoils of imperialism. I'm not sure if I agree with that, we're too early into the US's age of dominance to tell, but it's adjacent to my point.

Re:Norweigan oil fund by hcurtiss on Thursday August 01, 2019 @03:12PM (#20587242)
None of those countries stopped those practices. That is, they realized the end of their prominence due to policy positions and factors other than imperialism (or maybe even because of imperialism). That is, imperialism doesn’t necessarily make a country wealthy, and it certainly doesn’t keep it that way. Distant wars are expensive. See Rome. The US’s escapades in the Middle East May break it yet. No, I maintain that those imperialistic tendencies are not at all what’s made the US so prosperous, and they may in fact lead to its demise.