this sounds insane
Discussion
Oh shit. My view of Norway was completely wrong. How did I miss that?
Seems like it's kind of recent changes. I believe the Norwegian gov is also working on a cRyPtO mining ban because of "climate change and emissions", even though ~95% of their energy production comes from renewables such as water and wind power.
I was to Oslo few years ago. Land is beautiful, people ale great, food is good. Everything was expensive as fuck but the trip was worth it. Now this idiocy. What a waste.
This is your economy on socialism...
Reminds me of France instituting a 70% tax rate they had to backpedal on when it drove the people responsible for most of the tax revenue.
Except somehow this is even worse. Taxing unrealised gains is literally taxing hypothetical money.
Such a policy only benefits the elite. Billionaires can shield their assets. But regular people trying to move up the socioeconomic ladder are prevented from doing so. Forced to sell their investments the second they're in profit.
But remember guys socialist policy helps the people and only punishes the rich. That's why most billionaires back left-wing political parties... 🙄
Yep. Sadly Norway is going insane.
The NOK is also weaker than I have ever known in my lifetime.
I couldn't believe it when a few years ago I was seeing more and more token wind turbines go up, which are pissing in the ocean compared to the amount of reliable hydropower that is available.
Windpower is inherently unreliable to the grid. And often when they estimate how much energy they will produce, they always calculate in perfect conditions where the wind blows the perfect speed, etc. The reality is entirely different.
And you should have a look at the massive electrification of many offshore platforms.
Scrapping gas turbine and pulling km of cable to channel power from shore! Insane!
It is insane!