A great advert for Socialism

[Tommy Tainant]

Norway's sovereign wealth fund is now worth $1,000,000,000,000

the Norwegians took their oil wealth and invested it in their people.

And now their pensions are fully funded.

Imagine that. A country that works for all its people and not just the few.

 

[Bootney Lee Farnsworth]

Another is Venezuela. And North Korea.

 

[Aldo Raine]

Another is Venezuela. And North Korea.

I don't believe for a second those 2 animals ever worked for theor people and neither do you. Norway is a nice story. But not the norm.

 

[Missouri_Mike]

Norway's sovereign wealth fund is now worth $1,000,000,000,000

the Norwegians took their oil wealth and invested it in their people.

And now their pensions are fully funded.

Imagine that. A country that works for all its people and not just the few.

Wait a minute. So they invested in American companies? Through stocks? That's the genius of Norway?

Its largest holdings are in Apple (AAPL), Nestle (NSRGF), Royal Dutch Shell (RDSA), Novartis(NVS), Microsoft (MSFT) and Alphabet (GOOGL), the owner of Google.

Well shit, we should have thought of that.

 

[Tommy Tainant]

Norway's sovereign wealth fund is now worth $1,000,000,000,000

the Norwegians took their oil wealth and invested it in their people.

And now their pensions are fully funded.

Imagine that. A country that works for all its people and not just the few.

Wait a minute. So they invested in American companies? Through stocks? That's the genius of Norway?

Its largest holdings are in Apple (AAPL), Nestle (NSRGF), Royal Dutch Shell (RDSA), Novartis(NVS), Microsoft (MSFT) and Alphabet (GOOGL), the owner of Google.

Well shit, we should have thought of that.

American resources are not working for the people, they are working for the few.
I suspect that the US has more resources than Norway can dream of. And they will all enrich the few.

 

[Anathema]

Imagine that. A country that works for all its people and not just the few.

Imagine THIS: According to the COTUS THUS Government has NO AITHORITY to do anything like whst Norway has done, and woild likely see violent revolt if it tried to do something like that.

 

[Anathema]

American resources are not working for the people, they are working for the few. I suspect that the US has more resources than Norway can dream of. And they will all enrich the few.

No. AMERICA as a nation/government has very few resources. PRIVATE PROPERTY OWNERS in the United States have massive resources. That's the difference.

 

[Rustic]

Norway's sovereign wealth fund is now worth $1,000,000,000,000

the Norwegians took their oil wealth and invested it in their people.

And now their pensions are fully funded.

Imagine that. A country that works for all its people and not just the few.

Wait a minute. So they invested in American companies? Through stocks? That's the genius of Norway?

Its largest holdings are in Apple (AAPL), Nestle (NSRGF), Royal Dutch Shell (RDSA), Novartis(NVS), Microsoft (MSFT) and Alphabet (GOOGL), the owner of Google.

Well shit, we should have thought of that.

American resources are not working for the people, they are working for the few.
I suspect that the US has more resources than Norway can dream of. And they will all enrich the few.

 

[Tommy Tainant]

American resources are not working for the people, they are working for the few. I suspect that the US has more resources than Norway can dream of. And they will all enrich the few.

No. AMERICA as a nation/government has very few resources. PRIVATE PROPERTY OWNERS in the United States have massive resources. That's the difference.

Its shit isnt it ?

 

[Tank]

Ain't White people great!

 

[Anathema]

Its shit isnt it ?

No. It's exactly as it shoild be. If anything we need to reduce the ability of the Government to take land and land rights from citizens.

 

[JGalt]

Norway's sovereign wealth fund is now worth $1,000,000,000,000

the Norwegians took their oil wealth and invested it in their people.

And now their pensions are fully funded.

Imagine that. A country that works for all its people and not just the few.

Norway's sovereign wealth fund is not as rosy as it sounds. Its performance is actually comparatively mediocre, generating an annual net real return of only 4.06 percent. That might seem like a lot until you consider that as wealth funds go, they have typically returned 7.86 percent over the last five years and an unbelievable 10.30 percent just over past year.

How Not to Run a Sovereign Wealth Fund

So overall, socialism is still only socialism and like all socialism, it eventually fails.

 

[Tommy Tainant]

Its shit isnt it ?

No. It's exactly as it shoild be. If anything we need to reduce the ability of the Government to take land and land rights from citizens.

The Norwegian government is taking the benefits from its natural resources and giving it to its people.Nothing tops that. My government took our resources and bought bombs and gave tax cuts to the rich. And now we are all poorer for it.

 

[Tommy Tainant]

Norway's sovereign wealth fund is now worth $1,000,000,000,000

the Norwegians took their oil wealth and invested it in their people.

And now their pensions are fully funded.

Imagine that. A country that works for all its people and not just the few.

Norway's sovereign wealth fund is not as rosy as it sounds. Its performance is actually comparatively mediocre, generating an annual net real return of only 4.06 percent. That might seem like a lot until you consider that as wealth funds go, they have typically returned 7.86 percent over the last five years and an unbelievable 10.30 percent just over past year.

How Not to Run a Sovereign Wealth Fund

So overall, socialism is still only socialism and like all socialism, it eventually fails.

i imagine that its a low risk fund so its returns will not be at the top end. How does the similar US fund perform ?

 

[Anathema]

The Norwegian government is taking the benefits from its natural resources and giving it to its people.Nothing tops that.

I don't believe it's the place of Government to be supporting the people financially. That is the responsibility of individual citizens.

My government took our resources and bought bombs and gave tax cuts to the rich. And now we are all poorer for it.

That's your problem not mine.

 

[DrLove]

Imagine THIS: According to the COTUS THUS Government has NO AITHORITY to do anything like whst Norway has done, and woild likely see violent revolt if it tried to do something like that.

Angry Trumpling threatens ^ ^ ^ And WE are supposed to be all afeared?
Funny

 

[Anathema]

Angry Trumpling threatens ^ ^ ^ And WE are supposed to be all afeared?

First, I'm not a Trump supporter. He' far too Liberal for my tastes.

You can choose to be afraid if you want, but the comment was more informational thsn threatening.

 

[danielpalos]

Another is Venezuela. And North Korea.

Complained about a lack of monoculturalism at football games, lately?

 

[JGalt]

Norway's sovereign wealth fund is now worth $1,000,000,000,000

the Norwegians took their oil wealth and invested it in their people.

And now their pensions are fully funded.

Imagine that. A country that works for all its people and not just the few.

Norway's sovereign wealth fund is not as rosy as it sounds. Its performance is actually comparatively mediocre, generating an annual net real return of only 4.06 percent. That might seem like a lot until you consider that as wealth funds go, they have typically returned 7.86 percent over the last five years and an unbelievable 10.30 percent just over past year.

How Not to Run a Sovereign Wealth Fund

So overall, socialism is still only socialism and like all socialism, it eventually fails.

i imagine that its a low risk fund so its returns will not be at the top end. How does the similar US fund perform ?

We don't have a sovereign wealth fund.

 

[danielpalos]

Norway's sovereign wealth fund is now worth $1,000,000,000,000

the Norwegians took their oil wealth and invested it in their people.

And now their pensions are fully funded.

Imagine that. A country that works for all its people and not just the few.

Norway's sovereign wealth fund is not as rosy as it sounds. Its performance is actually comparatively mediocre, generating an annual net real return of only 4.06 percent. That might seem like a lot until you consider that as wealth funds go, they have typically returned 7.86 percent over the last five years and an unbelievable 10.30 percent just over past year.

How Not to Run a Sovereign Wealth Fund

So overall, socialism is still only socialism and like all socialism, it eventually fails.

It should fund, the "infrastructure development", petty cash fund.