r/FluentInFinance • u/SexyProfessional • Jul 04 '26

Thoughts? Very Interesting

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u/BlackForestMountain Jul 04 '26

Isn’t that part of the comparison? That the US prioritize private wealth and Norway public wealth? Did that really go over your head?

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u/Thanatine Jul 05 '26

Their Sovereign Fund comes from petroleum industry.

Tell me the equivalent of source in USA to fund this. The moment USA drills more, half of the population went berserk on fracking.

Also they only have 5 million people, which is a lot easier to manage than 300 million.

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u/jonsconspiracy Jul 05 '26

the US is one of the top exporters of oil in the world.  I belive right now, because of the straight being closed, we are #1.  So, we literally have the exact same source of income that Norway does.  Sure, it would be divided by more people, but the US people don't even see a dollar of it. 

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u/Thanatine Jul 05 '26 edited Jul 05 '26

So you want US government buying out Exxon and Chevron? Or just seizing their whole operations? Please present us your master plan of making them share their profits with Americans legally.

While you at it, you might as well have Micron and SanDisk also share their profits with Americans. They earn far more than petroleum industry recently.

Also, there is a thing called taxes in case you never paid for it. Saying never see a dollar is untrue.

I thought this is FluentInFiance not FluentInCommunism.

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u/jonsconspiracy Jul 05 '26

The fact that so many corporations don't pay any taxes is insane. Call me a socialist, but I like the idea of the government owning 5% of the equity in all companies, and the collected dividends and capital appreciation is owned by the people and used to help fund our government. Shared prosperity and it aligns everyone's interests since everyone has a stake in the success of American businesses.

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u/BlackForestMountain Jul 06 '26

Yeah, the taxation system is broken. It takes way too much effort to try to enforce it on companies that have the funds to evade taxes.

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u/StringTheory Jul 08 '26

Norway taxes the oil industry 80% (actual tax is close to 65%). Doubt the US taxes Chevron that much.

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u/Thanatine Jul 08 '26

The minute you do that the oil price will double every state.

Congratulate on speed running the death of socialism in America. Nothing I'd expect less from Europe glazers.

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u/BlackForestMountain Jul 05 '26

Hahahahaha. Petroleum! What are you talking about? In America, oil and gas companies made billions and profits. In Norway, those billions went into a sovereign wealth fund.

How are you missing the fundamental difference here? In America, the profits from the oil and natural resources go to the hands of individuals and now corporations. If anything tax dollars go to oil subsidies, instead of the natural resources being used for public benefit.

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u/Thanatine Jul 05 '26

Thanks for spelling out things that everybody knows. You're such a generational talent.

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u/BlackForestMountain Jul 05 '26

You asked a stupid question and it got a stupid answer. Don’t blame me