All Norwegians became millionaires from the savvy thinking of Norway's government. They started saving in a fund called Government Pension Fund - Global , and only withdrew 4% from it every year. The amount they have saved up is roughly $828.66 billion in American currency. Now deciding to give it to the Norwegians, dividing the money up equally between all 5,096,300 citizens, each person is suddenly a millionaire!
Government Pension Fund - Global invested in oil exporting and 1% of the world's trade, so by saving up since 1969 it has acquired a lot of money since then. The Norwegians are paper millionaires because they will each get about 1 million dollars in cash. I believe that the United States does not have a fund like that because there are a lot of Americans, and any money we have saved goes toward the deficit. ![]() |
Norwegian Currency Royalty Free Stock Photo - Image: 25323535
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