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#publicoversight — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #publicoversight, aggregated by home.social.

  1. If Australia had implemented a resource tax regime similar to Norway’s — particularly Norway’s sovereign wealth fund model built on high taxes and royalties from oil and gas — the country would likely be substantially wealthier and more economically resilient today. Here’s a breakdown of the key differences and what Australia might look like under such a model:

    What Norway Did Right

    Norway’s approach to resource wealth is often cited as world-leading. Key features include:
    1. High Resource Rent Tax: Norway imposes a 78% effective tax on oil company profits (including corporate tax and a special petroleum tax).
    2. Sovereign Wealth Fund (The Government Pension Fund Global):
    • Started in the 1990s.
    • Now worth over US$1.6 trillion.
    • Invests globally for long-term returns.
    • Explicitly designed to benefit current and future generations.
    3. Strict Regulation & Transparency: The system is managed transparently, with strong public oversight and limited corruption.

    #australia #norway #resourcetax #sovereignwealthfund #oilandgas #economicresilience #wealthmanagement #resourcerenttax #governmentpensionfund #transparency #publicoversight #longterminvestment #economicpolicy #resourcewealth #taxreform

  2. Whether or not the mass #tariff program is an entirely idiotic economic substitute-for-policy shouldn't be an issue and not just because it's settled/obviously so. It is a *deliberate* tactic, not a mistake, in furtherance of the Giant #Plunder and #Disruption, to collapse The #Public #society, systems, #norms, institutions, and of course, #democracy. Economists and pundits must categorically weigh in with clear messaging to that effect, in the crucial spirit of #counterdisruption, #publicOversight, sensible #regulation, #humanSecurity, #antiTrust, #teslaTakedown, #disloyaltyToFelons, and #peopleFirst policy. Without this focused view we're doomed, is the issue.