[Land-and-Labor] Pity Norway

[Lev Lafayette]

Pity Norway; with a petroleum resource tax at 78 percent of superprofits,
their public sector has so much money that it's a problem.

"Our biggest challenge is that our oil wealth is so huge we run the risk
of wasting it on substandard projects that are not profitable enough."

http://www.abc.net.au/news/2013-09-08/norway-has-problem-of-too-much-money-ahead-of-elections/4944326

Take the time to listen to this very interesting interview on why deriving
public income from natural resources is much better than taxes on wages
and capital.

http://www.abc.net.au/radionational/programs/rearvision/making-money-from-mining-norway/3044854



-- 
Lev Lafayette, BA (Hons), GCertPM, MBA
mobile:  0432 255 208
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