> It's not particularly hard for ~5 million people to blow $2 trillion in a few decades.

That wealth will continue to grow (assuming wise investment), so the population can live on passive income, without touching the capital.

Just ask Alberta how easy it is to blow a resource trust fund under voters who start to believe they're rich because they're better people.

	▲	stogot 2 days ago \| parent [-]
		What did they do to their trust fund?

danlugo92 3 days ago | parent | prev | next [-]

"How dare the people have access to the elite's comforts!!!"

	▲	Permit 3 days ago \| parent [-]
		If you have a point you should make it directly. What point is there in fabricating a quote like this?

nradov 3 days ago | parent | prev [-]

Passive income is a myth. To a first approximation, at that scale it doesn't really exist. Someone has to actively manage the investments.

And even with good management, the investment income is nowhere near enough to live on. Especially not in an expensive country like Norway.

	▲	gunalx 3 days ago \| parent \| next [-]
		The State Pension fund Outland (Direct translation) is managed by the Norwegian Bank, and has grown a lot over the years. The staten has a policy og never spending above a certain percent of the fund, witch has shown to be below the growt rate. On a nation level it is basically passive income. However with the increase, the influx from the fund to the state budget some says leads to increased Inflation in later years. On a side note, just because the state has money, dosent mean every person is personally rich. Just that being poor dosent have to suck as hard or permanent with social policies like free healthcare and education.
	▲	deadfoxygrandpa 3 days ago \| parent \| prev [-]
		lol thats not the reason. you're basically correct that passive income doesnt exist at scale, but it isnt because of active management. it's because passive income is very literally getting money from other people's work. you need to have a lot of people still working to support passive income