Top taxes on earnings in Norway is 54.7% the country enjoys full employment.
Top corporate tax in Norway is 28% Norway has no deficit problem, every child born in Norway is a millionaire.
I am not aware of Britain but I recall well on an airplane from Stavanger to London in 1969 sitting beside an executive from Phillips Petroleum. I asked him why they drilled in Norway when the Norwegian Government had to own 51% of the shares in the company's Norwegian venture before they could drill and then they taxed them 85% on the earnings on their 49% He told me it was still worth it.
Due to the Norwegian policies Norway now has its own oil company owned by all Norwegians (Statoil) and due to these policies, like I said, all Norwegian children are born millionaires. The Government can only use 4% of the oil income the rest is invested to secure the future of the children. Corporate taxes are also far lower due to the nation taking care of the people first and not lowering taxes until the nation could afford it.
Taxes in Norway up to about $100 000 a year is 35%, for that they get 5 weeks paid vacation, fully covered health care. Paid maternity leave (full paid) for a year etc. etc. I know, taxes are less here if you rake in millions but do you really believe the US system is superior?
You are currently destroying the middle class through the destruction of unions and peddling the policies of the wealthy sociopaths. Every great nation that went under went under after the middle class was destroyed and you expect me to think you have a clue?
It's a good thing you have all those capitalist countries to sell your oil to. Here we have a bunch of left wing wackos who try to stop progress at every step. But in Norway you can drill for offshore oil, build dams and even hunt whales. It must be nice for your economy to have the environmental wackos under control. Could you imagine what Alaska's economy would be like if they could drill ANWR and keep the money for themselves? They'd be born millionaires too.
How nice of you to show us your ignorance RWE. What you don't know could fill volumes.
Environmental consciousness does not equal left wing wackos but rather someone who is aware of the danger to the environment posed by human involvement and pollution. Here is another area where the Norwegian oil company is involve, the greening of the world deserts which would counteract global climate change: http://saharaforestproject.com/
The right wing wackos in the US, following the mantra of the super-rich sociopaths, showing their irresponsibility for humanity is the danger, not sane sensible corporations in socialist/capitalist countries where people come first!
I guess I shouldn't have been so nice when when i responded to your stupid comparison. How does norway compare to the USA or anyone else for that matter? Well, if every nation on Earth had a relatively small population and an abundance of oil, then everyone could do what Norway does, right? Except that the world price of oil would plummet and Norway would be broke. Then your tax rates might not produce full employment after all. Norway needs to sell oil to capitalists to maintain its socialist economy. That's how you pay for health care. And as far as environmentalism goes, we in the US have a lot of oil ourselves, but we don't have the freedom to drill for it that Norway does. And that's because of extremists from the left, namely Obama. How does whale meat taste, Mr Environment?
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