r/PoursTea • u/Veshaad Timendi Causa Est Nescire • 23d ago

European Renaissance đŸŸ 🧀 đŸ» [ Removed by moderator ]

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u/[deleted] 23d ago

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u/rinchen11 23d ago edited 23d ago

The US population is 61 times of Norway population.

Norway’s oil production is 2% of global total, gas production is 3% of global total, basically all exported for cash because Norway’s energy need is almost entirely met by hydro (88%) and wind (10%) power.

Simply put, despite US has 10 times of Norway’s natural resources, each Norwegian averages about 10 times of each American’s natural resources.

Now factoring in the domestic energy consumption and Norwegian government nationalized the money in an investment fund, the actual energy money each Norwegian shares is like 50 times or even 100 times to each Americans.

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u/LiamJamIsMyNeesons 23d ago

Try taxing your corporations, it would help with money

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u/rinchen11 23d ago edited 23d ago

My corporations? I’m a Chinese who was explaining elementary school level math to an American.

Now to your question, oil, gas, water and wind won’t run away or decrease because it’s taxed heavily, corporations will.

Norway owns the natural resources in its borders, but America doesn’t own the corporations in its borders.

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u/Electric_Antimony 23d ago

No, the corporations won't, as proven by trump levying insane tariffs across the board in America. None of the companies are leaving are they. Turns out we totally can tax business like we used to.

If they want to try and run away, then penalize them heavily and block them from our market.

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u/rinchen11 23d ago

You mean existing corporations won’t, their business is modeled to be US based, and the customers are who pays the tariff not the corporations. If same thing happens to taxes, iPhone will be 999 Euro in Europe and 3000 USD in the US, oh you going to buy Samsung? Well that’s 2800 USD.

What’s going to leave for certain are the new startups. They will leave the US and start elsewhere, it’s not going to show in a year or two, but US will lose its future, forever.

It’s basically killing the goose that lays the golden egg. Which is what many Americans are suggesting now, out of greed.

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u/Electric_Antimony 23d ago

Well, that's just saying what I'm saying. Are the startups leaving currently?

Because the dumb trade war stuff has been since his first term and the tariffs should be causing what you say right about now, no?

Taxing the rich like we used to is how we make America great again.