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by Expez 2508 days ago
I haven't seen this fact mentioned in this thread yet, but it's super important: This stack of money doesn't belong to any one generation. It's set aside for all future generations to enjoy.

Each year the government can choose to pull some of the money in to the current budget, but by law[0] they can't pull in more than 3%. This is the fund's estimated sustainable yearly return (It was adjusted down from 4% in 2017).

Some posters in this thread seem to think that this is all going to get spent on covering too-generous promises of pensions (yes we have those too!), but that isn't going to happen. It would be a travesty to rob Peter to pay Paul even if Peter hasn't been born yet. Everyone here generally agree on this.

[0] https://www.statsbudsjettet.no/Statsbudsjettet-2019/Statsbud...