zlacker

>>obscur+(OP)
It's seems totally reasonable to expect that Norwegians, who are still dumb apes like the rest of us, would be at high risk of suffering from "trust fund syndrome". Just like the countless families (and handful of countries) that totally burned through every dollar they didn't earn.

The author is basically pointing out that the country is now pretty much a country of trust fundies, and that usually that leads to higher levels of directionless meandering and lack of ambition. Scale it to country size and you would expect to see stuff like insane spending without much discretion, and a general careless approach to life.

Other countries have that. Other countries have lots of waste. But it's totally logical to assign Norway as high risk for "affluenza" and therefore monitor it's vitals with that idea in mind. It's not particularly hard for ~5 million people to blow $2 trillion in a few decades.

>>Workac+ra
They need laws saying that they (the country) can only spend the income (at most). Pass it now while a different generation is in power. Require a massive majority to amend it.

For individuals, there should be a universal basic income but it should only put you at lower middle class.

Education should be free.

>>LeFant+Jd
Education is free in Norway, including university education. There's already fairly strong structural and cultural protections against just spending the fund. What might become more critical is when the oil revenue really does decline over the next 50-100 years.