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As far as I'm aware, metals and fishing do not contribute to the Government Pension Fund of Norway, which is why I did not include them on the Norwegian side an
by cygx 8y ago
As far as I'm aware, metals and fishing do not contribute to the Government Pension Fund of Norway, which is why I did not include them on the Norwegian side and similarly only looked at the top items on the Australian side (eg adding Refined Petrolium on the Autralian side would push the balance closer to 2 again).
Point is, while Australia isn't quite as well off as Norway, there are resources aplenty to pull off something similar on a somewhat smaller scale.
- deleted 8y ago[deleted]
- jessriedel 8y agoThat may be your point, which is fine, but the original comment I was replying to was comparing the tax rate of Norway and Australia, and I was arguing this is not a sensible comparison in light of the much larger natural resource inheritance of Norway.
- paulific 8y agoI think the original comment only really mentioned taxes in passing and then the discussion went off down a rabbit hole; but a wonderful rabbit hole in which each subsequent comment added more interesting and relevant information.