201
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 11 Jun 2024
201 points (99.0% liked)
Europe
8326 readers
2 users here now
News/Interesting Stories/Beautiful Pictures from Europe ๐ช๐บ
(Current banner: Thunder mountain, Germany, ๐ฉ๐ช ) Feel free to post submissions for banner pictures
Rules
(This list is obviously incomplete, but it will get expanded when necessary)
- Be nice to each other (e.g. No direct insults against each other);
- No racism, antisemitism, dehumanisation of minorities or glorification of National Socialism allowed;
- No posts linking to mis-information funded by foreign states or billionaires.
Also check out !yurop@lemm.ee
founded 1 year ago
MODERATORS
The fund owns 1.5% og the world traded stocks. Madness.
It looks like madness because it's something that's almost completely absent from politics around the world: thinking past the next election!
Ok, the government has this oil money what should we do with it? Give everyone tax cuts? Build giant vanity projects? Throw a year-long nation-wide party with a kilo of cocaine for every household?
Nope, let's invest it into a government owned diverse market fund so the social security of our citizens is sound for generations to come.
Took them an oil crisis (70s) to figure this out to be fair.
And it pays for public pensions. I see that as an absolute win. If there's going to be exploitation of the working class, at least let it be to care for old bums.