Wednesday, September 14, 2016

Norway the price of "free"

Imagine you've never lived in Norway and you read about all the "free" benefits provided here, you would think "Wow what a great deal, let me move there right away!  Holy crap where have I been living compared to this paradise?!?".  In return you pay in excess of 40-45% taxes up front at the very minimum, and more hidden taxes in other living costs, would that then be a great deal?  What if you paid almost no taxes and then had to pay for everything else?  Would that be a worse off deal?

Thursday, September 8, 2016

Norway in deficit

Norway is spending more money than it is bringing in.  The first time in more than 20 years.  Here's the link in Norwegian and the link in English.


What now?  An increase in taxes perhaps?  You can bet every kroner that that's what the government will do sooner or later, citing it for the benefit of all its citizens of course.  If not, well let's just keep drilling for oil.  One thing is for certain, this isn't going to change anytime soon.