Pete Kofod 🛡️

I protect and improve Critical Infrastructure

[Pete Kofod 🛡️ @petekofod]

@NoContextBrits Brexit or no Brexit. fly your flag with pride…

[Pete Kofod 🛡️ @petekofod]

@brivael every time.

[Pete Kofod 🛡️ @petekofod]

@kevinnbass I thought you were showing New York.

[Pete Kofod 🛡️ @petekofod]

@dog_rates he's a good boy!

[Pete Kofod 🛡️ @petekofod]

@theobjectivist And the definition of "poor" is intentionally fluid and vague.

[Pete Kofod 🛡️ @petekofod]

@Thomas23353301 @AdriftHillbilly @Yam_Nivek If the state owns them ... why would they need to tax them? All profits would return to the state by virtue of ownership.

[Pete Kofod 🛡️ @petekofod]

@Thomas23353301 @AdriftHillbilly @Yam_Nivek 3. The state is the sole shareholder in what is essentially a Private Equity Fund.

Hardly socialist.

[Pete Kofod 🛡️ @petekofod]

@Thomas23353301 @AdriftHillbilly @Yam_Nivek 1. BP and Conoco-Phillips also lease concessions. The productive activity and price discovery is done by market participants. e.

[Pete Kofod 🛡️ @petekofod]

@Thomas23353301 @AdriftHillbilly @Yam_Nivek 2. The SWF is, in fact, less socialist than just a tax scheme. While it is completely held by the state of Norway, it is operated much like a private investment fund, about as modern a capitalist arrangement as it can be.

[Pete Kofod 🛡️ @petekofod]

actually the comparison is not valid. an oil leasing concession is passive
income. oh and the companies buying the leases? private firms.

Norway manages the fund very well, including funding social welfare and infrastructure, but take a company like Kongsberg. shares are half owned by the state (paid for with the fund), but shares are sold on the exchange and run as a private firm.
,
Not socialism. Market sets pricing not the state. the wealth fund revenue is indistinguishable from a tax on private production.

Norway is not socialism. it was an agrarian country that wisely managed their lottery ticket.

[Pete Kofod 🛡️ @petekofod]

well, i grew up there so yes i do know about it.

And by the way, Alaska has a sovereign oil fund as well. i merely point out that sitting on a 1.6 trillion dollar lottery ticket should be disclosed when making a wealth argument. the fund has has been well managed. the oil belongs to the state but is leased as concessions to private resources firms. Again, not socialism.

social democracy is NOT socialism.

Private property including means of production is not automatically state owned and operated in a social democracy .

[Pete Kofod 🛡️ @petekofod]

@waltermasterson except your house burns down because the truck is broken and the well is dry

[Pete Kofod 🛡️ @petekofod]

@Electroversenet works every time

[Pete Kofod 🛡️ @petekofod]

@EvaSamxpxic 18

[Pete Kofod 🛡️ @petekofod]

@mitchellvii $#!t#0le

[Pete Kofod 🛡️ @petekofod]

@brivael sad. @pmarca just posted your example as an actual statistic in the public school system. performers are self selecting out.

[Pete Kofod 🛡️ @petekofod]

@pmarca @wolfejosh America has been infested by the Fifth Column.

[Pete Kofod 🛡️ @petekofod]

please do not use slice, gated, or surfaced in normal conversation.

if you do, find some new hobbies and friends away from the keyboard.

[Pete Kofod 🛡️ @petekofod]

@pmarca trying to figure how to spell equality without quality