I see lots of comments talking about the return on investment (~4% YoY) and the ~$60M in bonuses, etc. But I don't see anyone questioning why there is so much money invested in other companies outside Norway.
I'm curious to know:
1) Why do we have a savings Fund with double of the annual GDP? Should we have a limit? Why the excess is not invested locally?
2) Is there an existing plan to define when the money will be directed to the Norway economy? The current GDP per capita is around $68K which doesn't seem that much compared to the amount of money in the country's saving account. Why not invest in education and/or technology?
3) Why there are a few people earning so much money (e.g. ~$60M bonus) to manage the country's assets? Is the real purpose to make money or save the money for future generations?
I'm curious to know: 1) Why do we have a savings Fund with double of the annual GDP? Should we have a limit? Why the excess is not invested locally? 2) Is there an existing plan to define when the money will be directed to the Norway economy? The current GDP per capita is around $68K which doesn't seem that much compared to the amount of money in the country's saving account. Why not invest in education and/or technology? 3) Why there are a few people earning so much money (e.g. ~$60M bonus) to manage the country's assets? Is the real purpose to make money or save the money for future generations?