If Every Norwegian's a Millionaire, Why's Alberta in Hock?
By Mitchell Anderson, 15 Jan 2014, TheTyee.ca
Feeling poor? A
recent news itemshowed that Norway's massive pot of
petroleum money, now totaling CA$909.364 billion, has made every citizen a
millionaire in Norwegian kroner. That works out to about $178,000 for every
man, woman and child in the country. By contrast, every Canadian lumbers under
an individual debt of $17,000 as Ottawa is in hock to the tune of $600 billion.
Not only is Norway
ahead of Canada by $1.5 trillion, it has fully funded social programs that
Canadians can only dream of.* Norwegians enjoy universal day care, free university
tuition, per capita spending on health care 30 per cent higher than Canada and
25 days of paid vacation every year. By owning 70 per cent of their own oil
production and taxing oil revenues at close to 80 per cent, Norway is now
saving about $1 billion per week.
Read the entire commentary at:
http://thetyee.ca/Opinion/2014/01/15/If-Every-Norwegians-a-Millionaire-Whys-Alberta-in-Hock/.
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