15 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)

3 comments

  1. [3]
    jcdl
    Link
    I'm so jealous that Canada doesn't have an equivalent to this. I'd argue Canada was better positioned to set one up too.

    I'm so jealous that Canada doesn't have an equivalent to this. I'd argue Canada was better positioned to set one up too.

    5 votes
    1. Loire
      (edited )
      Link Parent
      Alberta has one that was set up right around the same time as Norway's by one of the most prescient conservative politicians we have ever had. It was subsequently raided by every one of his...

      Alberta has one that was set up right around the same time as Norway's by one of the most prescient conservative politicians we have ever had.

      It was subsequently raided by every one of his successors and currently stands at only 18 billion. What a huge waste of potential.

      With that said it wouldn't have worked Canada wide. First off natural resources are the domain of the provinces so the royalties can't be redistributed for the countries benefit. Also the only provinces paying into it would have been Ontario, B.C., and Alberta which would have effectively been another equalization tax on the have provinces.

      7 votes
    2. moonbathers
      Link Parent
      When the US was running a budget surplus twenty years ago there was talk of it too.

      When the US was running a budget surplus twenty years ago there was talk of it too.

      4 votes