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9 votes
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Donald Trump and the Joe Biden White House both say the United States should have a sovereign wealth fund – Norway, home to the world's largest, may offer a few lessons
21 votes -
Norway sees electric cars outnumber petrol models – sovereign wealth fund cushion has made it possible for government to offer green incentives to motorists
11 votes -
Is private equity actually worth it?
18 votes -
Norway's $1.4 trillion sovereign wealth fund, the world's largest, on Tuesday reported losses of 2.1% in the third quarter, as all asset classes fell in value
10 votes -
Norway has a chance to transform climate finance – the country's windfall from the energy crisis should be used to underwrite investments in developing countries
17 votes -
Norway's $1.4tn wealth fund calls for state regulation of AI – Nicolai Tangen says fund will set guidelines for companies it invests in on ethical use of AI
4 votes -
Norway's sovereign wealth fund reported a record loss of $164 billion for the whole of 2022, citing 'very unusual' market conditions
7 votes -
Norway's fossil fuel bonanza stokes impassioned debate about how best to spend its 'war profits'
4 votes -
Battle for the nation's soul – Norway faces debate about gas and oil wealth
8 votes -
As the money pours in, Europe's second-biggest natural gas supplier Norway is fending off accusations that it's profiting from the war in Ukraine
6 votes -
Boom time in Norway as the West cracks down on Russian oil
7 votes -
Norway's wealth fund will probe whether companies it is invested in may be using the labour of ethnic Uighurs and other Muslims linked to China's internment camp system
8 votes -
Norway's $1.3 trillion sovereign wealth fund wants the companies it invests in globally to boost the number of women on their boards
10 votes -
Norway's sovereign wealth fund gains more than £90bn during 2020 – central bank stimulus pushes up value of shares
6 votes -
Norway's wealth fund loses £16bn in first half of 2020 after Covid panic – state support has restored investor confidence but fund expects more market turmoil
7 votes -
Norway should add a number of restrictions to the kinds of weapons its $1 trillion wealth fund is allowed to invest in, a government-appointed commission said
6 votes -
The outgoing chief executive of Norway's sovereign wealth fund faces probe after luxury jet use
4 votes -
Norway wealth fund lost record $113 billion in stock slump – fund faces first forced asset sales for crisis fiscal spending
7 votes -
Norway's sovereign wealth fund, the world's largest, named a London-based hedge fund manager as its new chief executive on Thursday
4 votes -
Norway's $1 trillion wealth fund will exclude four companies for their vast emissions of greenhouse gases, or at least put them on probation to force them to change
8 votes -
Norway's sovereign wealth fund made a 19.9% return on investment last year, earning a record 1.69 trillion Norwegian crowns ($180 billion)
15 votes -
Eight candidates have applied to head Norway’s sovereign wealth fund – board prepares to decide who should steer the global portfolio through a time of transition
6 votes -
The value of Norway's sovereign wealth fund, the world's largest, grew to a record ten trillion Norwegian crowns ($1.09 trillion) on Friday
7 votes -
Norway's massive wealth fund got the go-ahead to sell oil and gas stocks worth $5.9 billion
8 votes -
Should the US and the states create their own Sovereign Wealth Fund?
I think a Sovereign Fund is where Yang should move his focus to. Its a long-term approach that requires a focus. In 30 years the Norway fund has become the largest fund in the world The Norway...
I think a Sovereign Fund is where Yang should move his focus to. Its a long-term approach that requires a focus. In 30 years the Norway fund has become the largest fund in the world
The Norway Fund has been the receiver of all of Norway's Gas Taxes and Profits but has not paid out anything, so its only grown. But its intend purpose is to supply a form of a UBI (or subsidize Gov't tax revenues if the taxes were to ever fall short enough)
To Fund it, in the US, we need the Gas tax to be quadrupled. Double ($1/gal) it to properly pay for road maintenance and to pay for properly funded and expanded metro development, Greener metro lines, bike lanes, double it again ($2) to pay for Wealth Funding
This gas tax funding of $1/gal would contribute 175Billion in investments
After 40 years the wealth Fund would provide $7 Trillion Annually to pay for a UBI for as long as the US were to want it. Without any additional tax revenue
I think we can look at other jobs and industries where there is a boom and bust cycle, casinos, and where future income should be considered
Mississippi Gambling Revenue and therefore taxes has fallen 31% in 2018 (tax revenue $234 million) vs 2008's (345 million) best year numbers.
If Mississippi had contributed it's taxes to a Sovereign Wealth Fund instead of using it as a Substitute to Government taxes what would the effect have been.
A year after gambling was Legalized in Mississippi, skipping the first years taxes, the state of Mississippi has received Gaming Taxes, Starting in 1994, a total of $6.3 Billion in tax revenues
If those same taxes had been invested in a Wealth Fund its current value would be ~$29.6 Billion
Of course this would have required Mississippi to create 6 Billion in alternate tax Revenues, and this is the stump speech Yang needs to create.
Because in 5 years when Gaming Revenues have dropped another 50% its time for Mississippi to be ready, and in this case you're sitting on a $50 Billion Wealth Fund. That can pay out $4 billion a year to its 2.9million residents or fund the government services instead of deep cuts
14 votes -
Norway's sovereign wealth fund backs away from fossil fuels
7 votes -
‘Historic breakthrough’: Norway’s giant oil fund dives into renewables
7 votes