Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Set up in 1990, the fund owns around 1 percent of the world's stocks, as well as bonds and real estate from London to Boston, making the Nordic nation an exception when others are struggling under a mountain of debts.
THIS is what happens when your society values hard work, savings and investment over gimme, gimme, gimme and credit cards!
Maybe you should have read the rest of the article:
It may also have made some Norwegians reluctant to work. "One in five people of working age receives some kind of social insurance instead of working," Doerum said
We visited Bergen, Norway, back in September. Believe me, you have to be a millionaire to live there. Our lunch (for two) cost $120 dollars. I am still speechless.
We visited Bergen, Norway, back in September. Believe me, you have to be a millionaire to live there. Our lunch (for two) cost $120 dollars. I am still speechless.
American money has little value in a high value country.
We should note......their income comes largely from oil. More specifically off shore oil.
And yes, it's a great story and example. They don't spend every penny and then some. They make sure to set funds aside when things aren't great.
I also don't see the people clamoring for "theirs".
Good point, but plenty of countries around the world are oil powers but due the begging nature of the people the government has mostly squandered the wealth.
From Saudi Arabia to Nigeria and from Angola to Venezuela, countries are wasting trillions of dollars. Cultures of, say, a Canada or Norway where people are just wired to save and invest will always win over countries where people have trouble taking care of themselves.
A government has to learn to say NO to its people when they demand valuable resources to be wasted on expensive "programs".
We visited Bergen, Norway, back in September. Believe me, you have to be a millionaire to live there. Our lunch (for two) cost $120 dollars. I am still speechless.
Welcome to Scandinavia. Where having millions means nothing as everything is hideously expensive.
We visited Bergen, Norway, back in September. Believe me, you have to be a millionaire to live there. Our lunch (for two) cost $120 dollars. I am still speechless.
Good point, but plenty of countries around the world are oil powers but due the begging nature of the people the government has mostly squandered the wealth.
From Saudi Arabia to Nigeria and from Angola to Venezuela, countries are wasting trillions of dollars. Cultures of, say, a Canada or Norway where people are just wired to save and invest will always win over countries where people have trouble taking care of themselves.
A government has to learn to say NO to its people when they demand valuable resources to be wasted on expensive "programs".
Ahh yes you give some great examples of small countries with a vastly wealthy few, that toss scraps to the poor. And then make the argument that we shouldn't be like them-we shouldn't even toss scraps to our poor.
Compared to a country like norway with a massive social system and safety net....uhmmmm yeah, I think you're missing something here.
Ahh yes you give some great examples of small countries with a vastly wealthy few, that toss scraps to the poor. And then make the argument that we shouldn't be like them-we shouldn't even toss scraps to our poor.
Compared to a country like norway with a massive social system and safety net....uhmmmm yeah, I think you're missing something here.
Nope, I'm not "missing" anything.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
