But the good news is that Norway has been wise with its oil wealth, unlike the UK, and has invested it well since the first discovery of black gold some 40 years ago. It set up two sovereign wealth funds to hold the oil profits and these are now valued at some €500bn. This plump nest egg will see the 5m Norwegians through as many lost decades as the global economy’s greed and profligacy can throw at them.
And some of the most generous maternity benefits in the world make Norway’s demographics the envy of the ageing world, producing plenty of future workers, carers and tax payers and keeping that endearing sunny smile on the faces of so many of its population, despite its savage winters.
I presume we'll have a similiar fund from the Corrib gas field?
But the good news is that Norway has been wise with its oil wealth, unlike the UK, and has invested it well since the first discovery of black gold some 40 years ago.
Makes you want to move there, nearly.
It just makes me want to live there.Makes you want to move there, nearly.
Whatever about putting money aside from the Corrib Oil field, I would love to see the Irish Government issuing a transparent list of all tax paid by individual citizens. In Norway it is posted online every October and available to the public for 3 weeks. It's called the "skatteliste" or tax list.
Norwegians have told me that this list of income and assets helps the courts also as they will then impose fines based on ability to pay.
It just makes me want to live there.
Our children get to pay for Anglo.
I wouldn't rate Irish pints as anything special either. Overpriced, bland cat juice.
Makes you want to move there, nearly.
Just look at Scotland, it must curse itself for being part of the UK.
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