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Unlike most other petrostates, Norway has had the sense not to get high on their own supply - higher fuel taxes than their neighbors, stashing the oil revenues
by MandieD 7y ago
Unlike most other petrostates, Norway has had the sense not to get high on their own supply - higher fuel taxes than their neighbors, stashing the oil revenues in a permanent fund, and taxing the heck out of their high salaries to pay for government spending.
When the oil runs out, they’ll still have their (currently) 1 Trillion dollar permanent fund to cushion the blow.