Norway's success story involves its tiny population benefiting from a large oil field, investing in American technology companies. Wealthy Norwegians are fleeing to Switzerland to avoid high wealth taxes. American citizens are seen as bailing out wealthy Europeans. Norway's sovereign wealth fund, valued at $1.6 trillion, is now transitioning into a developer after investing in properties in London.
After kicking off a glitzy property-buying spree in London more than a decade ago, Norway's $1.6 trillion sovereign wealth fund is turning into a developer now https://t.co/bsV642qCd0 via @markets
A lot of the money going to Norway ends up coming right back in investments https://t.co/RGMokv8U2T
American Citizens Bailing Out Wealthy Europeans Again and Again and Again https://t.co/qf0lLSU9Ly https://t.co/9lkh7fwQnI
Wealthy Norwegians flee to Switzerland to evade high wealth taxes, with their bankers following. https://t.co/UbP9fui4kZ
The Norway success story of a tiny population living on a giant oil field, reaping the rewards and investing the oil $ back into American technology companies (for more gains)! If you want to be a rich country, just repeat this. How hard could it be? https://t.co/YeTEkSLr4y https://t.co/fkvU2CnacS