Tim Torkildson's Clown Alley
The Poet Laureate of the New York Times Newsroom
Friday, September 15, 2017
Why I'm Moving to Norway
from the Houston Chronicle:
Norway's government has saved so much money it doesn't know what to do with it all.
The Scandinavian nation's sovereign wealth fund topped $1 trillion this week, or about $191,000 per citizen. The U.S. Congress, meanwhile, has authorized the government to incur more than $19 trillion in debt, putting every American taxpayer in hock for $165,000.
Norway's socialist system has the largest savings account in the world, built from scratch in 1998 from oil and natural gas revenues. The fund now throws off more money from its investments than the country earns from energy.
In Norway they’ve got enough dough
To laugh at the ice and the snow;
Each citizen can
Take off for Thailand
Whenever the winter winds blow.
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