alt Hacker NewsMaybe more what amazing things you you can achieve for your people when the citizens are the shareholders of the economic benefits of your country’s natural resources?
Maybe more what amazing things you you can achieve for your people when the citizens are the shareholders of the economic benefits of your country’s natural resources?
100%.
How much better would the US or UK or wherever else be if our wealth of natural resources was shared instead of hoarded by private land-owners and SuperMegaCorp?
Norway drills about 1/4 of the barrels we do here in the US, but reaps more than double the revenue into public coffers. ~78% tax rate in Norway vs a published rate of 21% in the US (and a real rate of <10%).