@KujiMitch@PostTenebras2 @DorianKersch @TeamKujira THIS is crypto in a nutshell. @KujiMitch and @DorianKersch represents the know-it-alls who are only in it for the money, and then we have the lads who are shipping. They are decent, respected, and actually know stuff. @PostTenebras2, thanks for bothering to correct these folks.
@deadrightdove @krakenfx@krakenpro Congratulations, @deadrightdove!
I can’t even imagine the immense efforts behind such a listing. Your dedication and hard work is truly remarkable. Well done!🦾🦾
$KUJI
We might not see eye to eye on the situation, but I believe that the prudent management of the sovereign wealth fund ensures that future generations will benefit from its stability. I’m confident that the fund's role as a safety net will continue to support our society.
Regarding the polarizing use of labels like 'socialists,' I think it's important to remember that oversimplifying political perspectives can deepen divides instead of encouraging productive discussions. Instead of contributing to polarization, let's focus on finding common ground and having nuanced conversations.
Nice to hear your thoughts on the matter. I genuinely hope we can prove your concerns wrong over time!
@deadrightdove, I fully agree — it's both tiring and counterproductive.
The tribalism and short-sighted conflicts in this space seem to overshadow the bigger picture and the real potential of what can be achieved together. There is so much energy spent on transient gains and losses rather than on substantive discussions that could lead to genuine innovation and collaboration.
The focus should be on what unites us and work towards a community/space that values constructive dialogue and shared success.
I’ve always liked the saying, 'If you want to go fast, go alone; if you want to go far, go together.' Hopefully we’ll get there.
The benefits from our sovereign wealth fund are more about securing long-term welfare for everyone rather than eliminating taxes in the present. The fund acts as a financial safety net, ensuring that future generations can also enjoy the same benefits we do today, even when oil revenues eventually decline.
While it’s true that the fund generates about 60k per year per working person, this revenue helps to supplement state budgets rather than replace them. Taxes are essential for funding day-to-day operations of our extensive social services and maintaining infrastructure, not just current welfare programs. They also help us manage economic ups and downs. Additionally, if a crisis appears, like the Covid pandemic, we can adjust how much we withdraw from the fund—up to a maximum of 4% of the interest earned—to handle increased needs without accruing new debt. In good times, we stay below that limit. It's like having a wealthy uncle who can help out when needed, ensuring financial stability without adding any debt. Genius, right?
As for why taxes are still going up, it's partly to adjust for inflation, increased public service demands, and investments in sustainability and technology which are crucial for our future. But honestly, this is quite a complex topic, and I'll be the first to admit I'm wading into deep waters here with my limited expertise. Just your average guy trying to make sense of it all—definitely don't have all the answers!
Keep in mind: I’m fully aware that we’re not perfect. There are numerous improvements I believe the Norwegian government, healthcare, and education systems could make. However, I think we've made a lot of correct choices up to now. In discussions like this, there’s often a lot of focus on the negatives, and while it’s crucial not to be naive about what needs to improve, I believe it's equally important to recognize the good things we’ve achieved. Striking that balance helps us appreciate what works well and motivates us to address the areas that need better solutions.
Hey @1984_is_today, I understand your concerns, but we actually see a lot of benefits from our sovereign wealth fund and taxes!
For instance, I only pay 52 USD per semester for medical school — not quite free, but close! We also get premium healthcare, education, generous parental leave (49 weeks with 80% of your salary for free) and financial support during illness — all without direct costs.
Plus, there’s a safety net that ensures income if we're unable to work. Sure, our taxes might seem high, but these taxes fund a quality of life that allows most of us to enjoy ample free time and pursue our hobbies. We really appreciate these benefits that make a big difference in our daily lives. Thanks for your concern, but we’re doing just fine!
As long as we're not talking about our Norwegian Krone and Central Bank, but let's save that discussion for another time.