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I live in Calgary, Alberta which is pretty much the exact counterpoint to Norway with a very similar historical starting point (size, population, dynamics). It
by webbore 10y ago
I live in Calgary, Alberta which is pretty much the exact counterpoint to Norway with a very similar historical starting point (size, population, dynamics). It doesn't matter who's in power, all our governments spend like drunken sailors on shore-leave, no sales tax to even out the boom/bust (and counter low-ish taxes), A savings fund that is now empty going into an incredibly rough period.
I'm not says one is better than the other - Norway looks great right now, but didn't when I visited ~10 years ago and my Subway "value" meal cost over $25 CDN - just an interesting counterpoint.
I keep waiting for that manufacturing "bump" from Eastern Canada we were promised from a sinking dollar...
- digi_owl 10y ago> I'm not says one is better than the other - Norway looks great right now, but didn't when I visited ~10 years ago and my Subway "value" meal cost over $25 CDN - just an interesting counterpoint. Careful with such examples. Local prices are first of all adjusted for local wages, and second of all the NOK exchange rate is just nasty.
- refurb 10y agoAlberta did spend most of the their oil money. Based on a Google search, it looks like the Heritage Trust Fund maxed out at ~$20B for a population of ~2.5M. So maybe 1/20th of what Norway has put away on a per capita basis?
- Vinkekatten 10y agoNot sure if relevant, but in Oslo today a half-foot sub-of-the-day with no drinks runs you $5.50 canadian. A big mac with a menu is $14.50