A discussion about Norway's Investment

dwarrilow2002 (65) in ubi • 7 years ago

In this Economic Update, it describes how the country of Norway (less than 7 million population: .1% of world population) took revenues from oil profits and invested in the stock market. Clearly this is a responsible way for a government to handle money. They have earned so far roughly $1 trillion which is over $140,000 for every man woman and child. What could this mean. Without diminishing the principal, they could pay a UBI/UBD of $100 per month for every person in the country. This would be a true dividend which although not very much would be sufficient to cover $3.00 per day (possibly 1 meal each day) for everyone. There is an expression that I like to use:

A rising tide raises all ships!

If you can improve the social conditions for everyone in a society there will be a synergy which will propel everyone higher.

ubi ubp economics money happiness

7 years ago by dwarrilow2002 (65)

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minnowpond (62) · 7 years ago

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revo (60) · 7 years ago

A rising tide raises all ships

Be careful using that expression, as it doesn't mean what you imply here. What it is used for is as a more palatable way of trying to sell the bogus concept of "trickle down economics". What it means is that as the overall economy grows, all people in that economy benefit from that growth. The reality is, however, that the vast majority of the benefits go to the top few percent while the rest get barely any benefit, if any, at all. Norway is the antithesis of neoliberal 'trickle down'.

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