General Discussion

G_j

(40,569 posts)

7. All sorts of things are actually possible.

Wed Sep 20, 2017, 07:07 PM

Sep 2017

http://money.cnn.com/2017/09/19/investing/norway-pension-fund-trillion-dollars/index.html

https://www.democraticunderground.com/10029611796

This pension fund is now worth $1,000,000,000,000

By Ivana Kottasová September 19, 2017: 6:44 AM ET

Norway's giant pension fund is now worth over $1 trillion. Yes, 1 followed by 12 zeros.

The fund's managers announced Tuesday that currency shifts had helped push its value above $1 trillion for the first time.

"The growth in the fund's market value has been stunning," fund chief Yngve Slyngstad said in a statement. "I don't think anyone expected the fund to ever reach $1 trillion when the first transfer of oil revenue was made in May 1996."

For comparison: $1 trillion is roughly the size of Mexico's economy.

Norway is a major oil producer, and it has plowed its energy earnings into the fund in order to fund pensions and other government expenses.

The fund is among the world's biggest investors in stocks, owning $667 billion worth of shares in over 9,000 companies globally. It owns on average 1.3% of all listed companies worldwide.

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Sanders will increase total fedreal taxes with 25 % to pay for his health plan and free college. [View all] factfinder_77 Sep 2017 OP

Why in the hell isn't McCaskils (sp) idea being floated more? Single payer for pre existing ... uponit7771 Sep 2017 #1

I think her idea is brilliant. The far left hates her. Demsrule86 Sep 2017 #23

So who pays? exboyfil Sep 2017 #66

From the people with the PEC but it'll be affordable vs getting shafted like they would with private uponit7771 Sep 2017 #67

OMG how will the military buy aircraft carriers? leftstreet Sep 2017 #2

The taxes covering that remain the same. Weekend Warrior Sep 2017 #5

The point is that it will never happen. Anyone that thinks taxes like that are coming is delusional. Demsrule86 Sep 2017 #24

How much of that rise in taxes is countered by........ socialist_n_TN Sep 2017 #3

Here you go HarmonyRockets Sep 2017 #6

Another masterstroke by Bernie... gotta love his tenacity and leadership! InAbLuEsTaTe Sep 2017 #37

There is zero chance an $844 annual premium for 4 people can fund a good healthcare program. nt stevenleser Sep 2017 #53

$844 is not funding it, the taxes on the 1% are Not Ruth Sep 2017 #56

Look at Tricare alarimer Sep 2017 #59

Music to my ears Not Ruth Sep 2017 #55

Bingo. Scruffy1 Sep 2017 #91

Sounds good to me HarmonyRockets Sep 2017 #4

All sorts of things are actually possible. G_j Sep 2017 #7

voodoo math on this one taught_me_patience Sep 2017 #8

Yeah HarmonyRockets Sep 2017 #9

Or perhaps to show you the reality we face...best to save the ACA, next a public option then Demsrule86 Sep 2017 #25

The "Everyone Gets a Pony" tax. 6000eliot Sep 2017 #10

Message auto-removed Name removed Sep 2017 #13

I mean that this is a ridiculous pipe dream at a time when millions are threatened with the loss of 6000eliot Sep 2017 #15

Message auto-removed Name removed Sep 2017 #18

You are definitely wrong. I've always believed that Medicare for All was the way 6000eliot Sep 2017 #22

It has nothing to do with Sen. Sanders. It just won't happen and millions will lose coverage. There Demsrule86 Sep 2017 #26

"Everyone gets a pony" sounds like passing out luxuries for free. JustABozoOnThisBus Sep 2017 #16

And these things are going to happen now, in the current political atmosphere, how, exactly? 6000eliot Sep 2017 #17

Single payer won't happen... until 20 at least and I don't think even then. Demsrule86 Sep 2017 #27

Can I keep my 12 ponies and give 4 away snooper2 Sep 2017 #34

If you like your pony, you can keep your pony jberryhill Sep 2017 #51

Ryan and McConnell agree that health care and education are ponies. Orsino Sep 2017 #46

For comparison (Germany) Ezior Sep 2017 #11

Germany also has a 19% VAT nm MichMan Sep 2017 #19

It would be nice if that were the same for everyone in Germany DFW Sep 2017 #69

90% taxes seems excessive Not Ruth Sep 2017 #77

That was my impression as well. DFW Sep 2017 #79

Let's go back to the Make America Great Again tax rates of the 1950's. jalan48 Sep 2017 #12

You have to consider what is possible...50 style taxes will not happen. Demsrule86 Sep 2017 #28

It was a joke-Trump wants to go back the past and I say let's go back to the tax rate back then. jalan48 Sep 2017 #33

I wish we could go back to those times where everyone had deductions ...not just the rich Demsrule86 Sep 2017 #38

No problem-we can do almost anything we want-WE are the government. jalan48 Sep 2017 #40

Sadly, we do not have enough who feel this way. Demsrule86 Sep 2017 #41

Can we have just one day without attacks on Bernie Sanders? left-of-center2012 Sep 2017 #14

I am more annoyed with the attacks on medicare for all m-lekktor Sep 2017 #21

At this point Nevernose Sep 2017 #30

Ridiculous...there is no point in even discussing Medicare for all at this moment as Demsrule86 Sep 2017 #39

"which the GOP will demonize" melman Sep 2017 #47

I want to know how "NO WE CAN'T!" is going to drive people to vote CherokeeFiddle Sep 2017 #75

thank you. Joe941 Sep 2017 #57

Sounds great to me. roamer65 Sep 2017 #20

Yeah and if we proposed half the stuff suggested here we would lose every election in the forseeable Demsrule86 Sep 2017 #29

Like we've been overwhelmingly successful running on status quo.n/t Scruffy1 Sep 2017 #92

Likewise here! CherokeeFiddle Sep 2017 #32

Every state has the right to levy its own version of GST already, and most do. DFW Sep 2017 #80

This is Republican scare mongering CherokeeFiddle Sep 2017 #31

No. He is doing it wrong KWR65 Sep 2017 #35

Forbes? melman Sep 2017 #36

Forbes is almost as horrid and without LanternWaste Sep 2017 #42

Yeah melman Sep 2017 #43

btw melman Sep 2017 #44

If the top 5% paid their fair share it would be no problem. Coventina Sep 2017 #45

Really? dkhbrit Sep 2017 #48

Yes, I do. The tax brackets have been lowered, and lowered, and lowered over and over again. Coventina Sep 2017 #49

Define 'rich' dkhbrit Sep 2017 #63

If you are in the top 10% you are rich. Coventina Sep 2017 #64

$110k puts you in the top 10% hack89 Sep 2017 #71

Being better off than 90% of your fellow citizens is not rich? Coventina Sep 2017 #72

Not if you live in a high cost area hack89 Sep 2017 #73

I find it hard to muster tears for those making six figures, I confess. Coventina Sep 2017 #74

Making $110K living in Manhattan and making $85K in Waxahatchie, TX DFW Sep 2017 #81

I understand that, but that is something free college and universal healthcare could help to Coventina Sep 2017 #82

Help, but only on a minor basis. DFW Sep 2017 #83

I guess we just can't see eye-to-eye on this. Coventina Sep 2017 #84

Two things DFW Sep 2017 #86

This message was self-deleted by its author taught_me_patience Sep 2017 #68

The top 5% of payers represent 34% of total AGI taught_me_patience Sep 2017 #50

Whatever other countries are doing, especially the Scandinavian ones, that gives them universal Coventina Sep 2017 #65

The people that will be paying more in taxes are the ones who can afford to, the 1% Not Ruth Sep 2017 #52

Stuff has to be paid for, one way or another. The Velveteen Ocelot Sep 2017 #54

A drop in the bucket compared to $700 BILLION for the military alarimer Sep 2017 #58

If that's true, it's still well worth it. Autumn Sep 2017 #60

So, if I pay $10,000 in taxes, I pay $12,500... and get to eliminate my $10,000 Employer Med Plan? TheBlackAdder Sep 2017 #61

If you believe those figures, yes. former9thward Sep 2017 #87

Well, the way the article is presented seems to place a scare that a 25% increase is a bad thing. TheBlackAdder Sep 2017 #88

Yes, but would it be 25%? former9thward Sep 2017 #89

You gotta start somewhere. But 15%, 25%, 35% or whatever will surely pound the 1%ers. TheBlackAdder Sep 2017 #90

I find you very entertaining of late. Iggo Sep 2017 #62

Huge thread on this, going in all sorts of directions............ socialist_n_TN Sep 2017 #70

So an opinion piece from a pro-business mag is now a fact? Bradshaw3 Sep 2017 #76

Since free college isn't being presented GaryCnf Sep 2017 #78

We shouldn't call these things "free" treestar Sep 2017 #85