We are not rich just because of the oil, this is a stereotype, and it's not true that we were dead poor, in fact we did well compared to other countries at the time.
Yes. We were poor compared to todays standards, but not poorer than most European countries. We've been in the top 20 GDP per Capita in the world since the 17th century.
I guess one of the most important elements is the idea that natural resources belong to the population as a whole. You need very well structured democracy to keep this in place. Norway has another very profitable industry, and that is farmed salmon. Many of our clean fjords are being used for mares where the fish can grow up. The leaders of this industry have now become insanely rich, so because natural resources belong to the people, these rich industry leaders just got introduced high taxes for using our fjords for their production. The worst part of this industry is that it does pollute the fjords over time, and harms the natural wildlife around those places, so the degradation of the environment is not something the industry leaders can just benefit from and then walk away, so this is also a reason for the new high taxes on ths industry. This is a principle other countries may benefit from.
The sad thing today is - many of the clean fjords are not so clean anymore because of dumping of mining-waste. The mares them selves, as you mention, also have environmental controversies surrounding them; basically the same problems that surrounds freshwater lakes surrounded by farmer-fields that are spread with manure before the frost has resided, and thus results in runoff into surrounding lakes and rivers creating algae blooms and fish die-offs ... We are not perfect in any way, and there are so many things we could do better - both as individuals and as a nation
Norway is rich because of high social trust in the population at the end of the day, and a high trust in the government . Which is also why it can not be replicated almost nowhere outside the Nordics and Norway in particular
That is true, people say it is because of oil and lets be fair ... yes oil made us rich but there are more to it, Norway was not a very poor country before the oil either, we where there in the middle, we produced lots of more goods here home because we where a cheaper country to produce goods at, we are more now a raw material production country than production of goods.
Hi India, you just landed a spacecraft on the moon. Congratulations, says sometnhing about you: Me and a friend visited Mumbai early 2010 to fix heavy machinery belonging to our company, it was fantastic two weeks and we met lots of nice people.. Imagine 5.5 million people in Norway, and 20 million citizens of Mumbay. Gateway of India, Marine Drive, Leopolds. It was great. One engineer asked me how Elephants survived the winter and snow in Norway, but.. :) I told him they were alright.. Coolest trip ever!
Sat Sri Akaal. Fun to watch you react to my country. The strange thing is I am married to a beautiful Punjabi woman and we go to India every 2 or 3 years. Absolutely love India, it kind of gets under your skin, the noise, smells(not all good buy I love the special smell of India), and all the life everywhere. Me a gora married into Indian culture and I love the simple life there. We bought a new top model Hyundai i20 there and that was a big deal for her family, because she doesn't come from money. Her father a retired officer in the Army never really made a lot of money, but we are blessed here in Norway. We often say, being born in Norway is quite comparable to winning the lottery.... God bless and lots of love from Norway.
One of the key aspects why this succeeded is in the way taxation is set up. The Norwegian government pays 78% of exploration and mapping activities costs to the oil companies. Once they start drilling and make money, the government taxes them 78% of the profit.
The most important key, I would say, to Norway s success is based on the Norwegian Constitution that was hammered out at a point in time where Norwegian politicians were actual geniuses in both thought and action
Oil just just like any other natural resources. If the profits of that is used to benefit the people it would be similar. Problem is in many places these resources are extracted by private companies that are not taxed 75-80% like the offshore industry in Norway.
As a Norwegian im happy to live in Norway, but everything is not all positive. It is extremely expensive, high taxes. But yes, we are better off than most. We have no reason to complain. The only thing I had hoped for was better, warm weather. But weather is not something we can control
Norway has not been poor since 1850. Unfortunately, this is a rumor. Since 1850, Norway has been one of the 8 richest countries - because we have always had the world's second largest merchant fleet and because we have exported technology, produced boats and been the world's second largest exporter of fish. We have an average tax burden - since we have had a 6% discount since 2013. But the most important thing is that you don't have to think about health expenses, school/university costs or putting money aside for old age/sickness pension. Throughout your life, you get back 86% of everything you've paid in taxes and fees - while many countries like the US only give back 19%. Even if you have never worked, you will receive a retirement pension of $1,800-2,000 per month. If you have worked for 40 years, you can achieve 66% of income or a maximum of $7,000 per months for the rest of your life - index regulated every year. Av age is 81-83
ii know, unfortunately its a time of union so its hard too think about when we were the junior partner in both the unions of crowns so technically we were not our own county yet, yet now that we are free we are the richest. but if ur just looking at the numbers before oil we were on par with spain and the likes until the oil boom hit. never have e ever herd of Norway beings a rich world power until then, never in the 17-1800 my man because again, we were the junior partner in this. But i would love too be proven wrong if u have souses
She needs a better mic. Or atlest mix her with the same volum. I like your reactions ! Think about the impact to the world it could hawe, if India turned 1% of the politcs more like Norway. ...
I am going make an apology.. when I was I kid We was not nice to Sikh. Not mean but stupid. I was maybe 10 years old and I ripped a turban of a man that had a store beside our school. He was a nice man.. and I was a idiot. 49 now so I understand alot more. But still feel bad when I think back.
Norway wasn't a poor country before the oil. It is absolute nonsense. Nor was the population uneducated. Of course, oil changed the country, but Norway wasn't poor. It had the 3rd largest merchant marine in the world. Maybe listen more to what Norwegians say about Norway, instead of some American on another continent.
OMG, you're so offended by the word poor. We were absolutely poor. And education was random for a lot of people, especially outside the towns. So get used to it and read some history from the 18 hundreds when Norway was poor and education was available only for the privileged. The history of Norway goes far back and long before any shipping industry brought income to (some) people and the state.
The Norwegian people is not rich, my self pay over 50% in tax on my salary. And evrything you buy have high taxes. But the Norwegian goverment, the state are criminal rich, it is exstreamly expensiv here Many people in this country strugle to make their life ok.
Hi! I'm Norwegian. I just want to say that the video you're reacting to is very misleading. Compared to todays standard, yes, Norwegians were poor. But we weren't poorer than most European countries. In fact, Norway has been in the top 20 GDP per Capita in the world since 17th century.
We are not rich just because of the oil, this is a stereotype, and it's not true that we were dead poor, in fact we did well compared to other countries at the time.
Yes. We were poor compared to todays standards, but not poorer than most European countries. We've been in the top 20 GDP per Capita in the world since the 17th century.
@@eirik9073 Not true. Norway was the richest country per capita (ppp) in Europe just prior to ww2.
I guess one of the most important elements is the idea that natural resources belong to the population as a whole. You need very well structured democracy to keep this in place. Norway has another very profitable industry, and that is farmed salmon. Many of our clean fjords are being used for mares where the fish can grow up. The leaders of this industry have now become insanely rich, so because natural resources belong to the people, these rich industry leaders just got introduced high taxes for using our fjords for their production. The worst part of this industry is that it does pollute the fjords over time, and harms the natural wildlife around those places, so the degradation of the environment is not something the industry leaders can just benefit from and then walk away, so this is also a reason for the new high taxes on ths industry. This is a principle other countries may benefit from.
The sad thing today is - many of the clean fjords are not so clean anymore because of dumping of mining-waste. The mares them selves, as you mention, also have environmental controversies surrounding them; basically the same problems that surrounds freshwater lakes surrounded by farmer-fields that are spread with manure before the frost has resided, and thus results in runoff into surrounding lakes and rivers creating algae blooms and fish die-offs ... We are not perfect in any way, and there are so many things we could do better - both as individuals and as a nation
I think we need that "Tourist Tax" !
...
It's to mutch tourists,
They are using ower land as toilet many places...
Keep a good democracy without religion and corruption.
Norway is rich because of high social trust in the population at the end of the day, and a high trust in the government . Which is also why it can not be replicated almost nowhere outside the Nordics and Norway in particular
That is true, people say it is because of oil and lets be fair ... yes oil made us rich but there are more to it, Norway was not a very poor country before the oil either, we where there in the middle, we produced lots of more goods here home because we where a cheaper country to produce goods at, we are more now a raw material production country than production of goods.
Hi India, you just landed a spacecraft on the moon. Congratulations, says sometnhing about you: Me and a friend visited
Mumbai early 2010 to fix heavy machinery belonging to our company, it was fantastic two weeks and we met lots of nice
people.. Imagine 5.5 million people in Norway, and 20 million citizens of Mumbay. Gateway of India, Marine Drive, Leopolds. It was
great. One engineer asked me how Elephants survived the winter and snow in Norway, but.. :) I told him they were alright..
Coolest trip ever!
Sat Sri Akaal. Fun to watch you react to my country. The strange thing is I am married to a beautiful Punjabi woman and we go to India every 2 or 3 years. Absolutely love India, it kind of gets under your skin, the noise, smells(not all good buy I love the special smell of India), and all the life everywhere. Me a gora married into Indian culture and I love the simple life there. We bought a new top model Hyundai i20 there and that was a big deal for her family, because she doesn't come from money. Her father a retired officer in the Army never really made a lot of money, but we are blessed here in Norway. We often say, being born in Norway is quite comparable to winning the lottery....
God bless and lots of love from Norway.
One of the key aspects why this succeeded is in the way taxation is set up. The Norwegian government pays 78% of exploration and mapping activities costs to the oil companies. Once they start drilling and make money, the government taxes them 78% of the profit.
The most important key, I would say, to Norway s success is based on the Norwegian Constitution that was hammered out at a point in time where Norwegian politicians were actual geniuses in both thought and action
You need high intelligence to make it work. Not luck.
Oil just just like any other natural resources. If the profits of that is used to benefit the people it would be similar.
Problem is in many places these resources are extracted by private companies that are not taxed 75-80% like the offshore industry in Norway.
As a Norwegian im happy to live in Norway, but everything is not all positive. It is extremely expensive, high taxes. But yes, we are better off than most. We have no reason to complain. The only thing I had hoped for was better, warm weather. But weather is not something we can control
Norway has not been poor since 1850. Unfortunately, this is a rumor. Since 1850, Norway has been one of the 8 richest countries - because we have always had the world's second largest merchant fleet and because we have exported technology, produced boats and been the world's second largest exporter of fish. We have an average tax burden - since we have had a 6% discount since 2013. But the most important thing is that you don't have to think about health expenses, school/university costs or putting money aside for old age/sickness pension. Throughout your life, you get back 86% of everything you've paid in taxes and fees - while many countries like the US only give back 19%. Even if you have never worked, you will receive a retirement pension of $1,800-2,000 per month. If you have worked for 40 years, you can achieve 66% of income or a maximum of $7,000 per months for the rest of your life - index regulated every year. Av age is 81-83
ii know, unfortunately its a time of union so its hard too think about when we were the junior partner in both the unions of crowns so technically we were not our own county yet, yet now that we are free we are the richest. but if ur just looking at the numbers before oil we were on par with spain and the likes until the oil boom hit.
never have e ever herd of Norway beings a rich world power until then, never in the 17-1800 my man because again, we were the junior partner in this. But i would love too be proven wrong if u have souses
Kings speach - 2016
She needs a better mic.
Or atlest mix her with the same volum.
I like your reactions !
Think about the impact to the world it could hawe, if India turned 1% of the politcs more like Norway. ...
The people are only average rich..Many are pure..Norway the state are verry rich
Pure betyr ekte/ren/ublandet ... Vel, mange mennesker i Norge er sikkert både ekte og rene ... LOL ...
I am going make an apology.. when I was I kid We was not nice to Sikh. Not mean but stupid. I was maybe 10 years old and I ripped a turban of a man that had a store beside our school. He was a nice man.. and I was a idiot. 49 now so I understand alot more. But still feel bad when I think back.
Do you read comments at all?
Norway wasn't a poor country before the oil. It is absolute nonsense. Nor was the population uneducated. Of course, oil changed the country, but Norway wasn't poor. It had the 3rd largest merchant marine in the world.
Maybe listen more to what Norwegians say about Norway, instead of some American on another continent.
OMG, you're so offended by the word poor. We were absolutely poor. And education was random for a lot of people, especially outside the towns. So get used to it and read some history from the 18 hundreds when Norway was poor and education was available only for the privileged. The history of Norway goes far back and long before any shipping industry brought income to (some) people and the state.
@@youyouulf What an incredibly stupid comment.
The Norwegian people is not rich, my self pay over 50% in tax on my salary. And evrything you buy have high taxes. But the Norwegian goverment, the state are criminal rich, it is exstreamly expensiv here Many people in this country strugle to make their life ok.
Hi!
I'm Norwegian. I just want to say that the video you're reacting to is very misleading. Compared to todays standard, yes, Norwegians were poor. But we weren't poorer than most European countries. In fact, Norway has been in the top 20 GDP per Capita in the world since 17th century.
Lots of wrong in that video. Norway was never poor