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It will be interesting to see this play out over the next few generations. The theory is yesterday declining population levels mean that the tax base shrinks j
by bruce511 1y ago
It will be interesting to see this play out over the next few generations.
The theory is yesterday declining population levels mean that the tax base shrinks just as the larger, older, generation retires. So "paying" for more kids is kinda like a long-term retirement investment.
But Norway has a sovereign wealth fund. So gets a chunk of revenue from not-taxes. Does that alter the equation?
Also housing is expensive. But as population numbers slowly fall it (presumably) gets cheaper.
Immigration is another strategy to bolster populations, but Noways's climate, not to mention cost of living, does not make it especially appealing to most immigrants.
The real question remains, to what extent will older people actually suffer, as populations decine to a stable point? There are lots of dire predictions, but not much experience.
- mytailorisrich 1y agoNorway is very appealing to immigrants. At the moment a staggering 17% of the population is foreign-born.