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I am just kidding. All the revenues from petroleum taxes will be in NOK, but I think the NBIM will deal in all types of currencies. I bet they have numerous currency bank accounts (SEK, DKK, EUR, GBP, CHF, SGD, USD, etc.) and offices in Oslo, London, New York, Singapore and Shanghai.
The company I work for have NOK, SEK, EUR, USD and GBP bank accounts to minimize currency losses.
Haaar! Likening your reps getting backhanders from paid lobbyists to what your forefathers went through to give you your freedoms from Royal influence, while at the same time tolerating things like the Patriot Act and later version Freedom Act, is akin to bragging about the size of your turnip to a room full of pumpkin growers
Come down off your soapbox, it's still empty.
As poorly written and inscrutably phrased as your reply was, it nonetheless manages to completely (and rather laughably) miss the paramount point: A law prohibiting lobbying would run completely counter to the clear provisions of the First Amendment, and would be discarded out-of-hand by any reviewing court at any level, from state district courts to the Supreme Court. Period.
The very idea of a law outlawing lobbying is so repugnant to the spirit of the First Amendment that you'd probably have judges from all 50 states queueing up to clear their dockets just for the opportunity to give any such law some much-deserved judicial flamethrower therapy.
Which, I know we will both agree, is altogether as it should be.
As poorly written and inscrutably phrased as your reply was, it nonetheless manages to completely (and rather laughably) miss the paramount point: A law prohibiting lobbying would run completely counter to the clear provisions of the First Amendment, and would be discarded out-of-hand by any reviewing court at any level, from state district courts to the Supreme Court. Period.
The very idea of a law outlawing lobbying is so repugnant to the spirit of the First Amendment that you'd probably have judges from all 50 states queueing up to clear their dockets just for the opportunity to give any such law some much-deserved judicial flamethrower therapy.
Which, I know we will both agree, is altogether as it should be.
Says who? There's no requirement whatsoever that the federal government must sell federal government land drilling rights to the private sector.
Actually, there is. It's a financial necessity for the federal government. They need the money (and billions more) that badly. But the money is already spent long before it actually hits the books.
The reason the U.S. government can't create/manage a natural resource-based sovereign wealth fund is that it is populated by profligate wastrels who spend the cost/risk-free money they already receive far faster than it comes in, which is, coincidentally, the primary disqualification for the FedGov owing and operating its own E & P concern (in the manner of Statoil ASA, which is mostly state-owned.)
Obviously, the FedGov cannot manage its financial affairs even in an environment where it faces ZERO business risk. This is due to the incompetence of your government in Washington, irrespective of any party affiliation of any individuals involved.
You will not want to see the end of the experiment where the federal government tries to stay in the black while simultaneously trying to manage all of the various types of risk (general business, exploration, market, etc.) inherent in any managing an extractive enterprise, such as an oil company, for instance.
An American state-owned oil company would end up making the creaky, sclerotic, bureaucracy in Mexico known as PEMEX look like a expertly-run enterprise by comparison.
As poorly written and inscrutably phrased as your reply was, it nonetheless manages to completely (and rather laughably) miss the paramount point: A law prohibiting lobbying would run completely counter to the clear provisions of the First Amendment, and would be discarded out-of-hand by any reviewing court at any level, from state district courts to the Supreme Court. Period.
The very idea of a law outlawing lobbying is so repugnant to the spirit of the First Amendment that you'd probably have judges from all 50 states queueing up to clear their dockets just for the opportunity to give any such law some much-deserved judicial flamethrower therapy.
Which, I know we will both agree, is altogether as it should be.
A person (be he natural or corporate) can lobby his representative without resorting to bribery. It happens all the time.
But if you can prove that a bribe occurred in the process, then you probably have a prosecutable crime. The statutes are there for that purpose. And that happens from time to time also. That sort of chicanery is well covered by statute.
You may need to overcome the quaint misconception that contact between a representative and a constituent must, of necessity, constitute bribery.
True. But does the right want the federal gov't extract and sell our oil and create a Norway-like fund?
I'd be happy if the US put the middle class in the top tax rate bracket and implemented a 25% VAT tax like Norway. More people need to start paying their fair share.
Actually, there is. It's a financial necessity for the federal government. They need the money (and billions more) that badly. But the money is already spent long before it actually hits the books.
No, there isn't. There is no requirement whatsoever that the US sell or lease drilling rights on federal land.
I'd be happy if the US put the middle class in the top tax rate bracket and implemented a 25% VAT tax like Norway. More people need to start paying their fair share.
what on earth does pop size have to do with it? india is way over 1 billion and has massive poverty. My guess is you are just looking for excuses.
the real reason the US has so many poor is we don't divide our wealth fairly. We allow corps to literally loot our national treasures meanwhile Norway made sure MOST of the Oil wealth went to the nation after all they own the waters so why would they literally give it away to corps like the USA does.
meanwhile in the USA we have spent decades giving Oil corps massive tax breaks!!! but keep voting R, cause one day while we are all sleeping the US OIL fairies will put billions under our pillows...
You don't think democrats do the same ****? What kind of drugs are you on? This country swings from democrat control to republican control, back to democrats, and so on and so forth. You really think only one political party is responsible for the current state of this country? Get a job, man.
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