In Norway, Everyone Is A (Paper) Millionaire

Meera Dolasia
Fri, 17 Jan 2014 11:49:07 -0800

With most governments struggling to balance their budgets by taking money from residents through higher taxes, it is refreshing to hear about one that is doing just the opposite. On Tuesday, January 9th, the world woke up to the news that every Norwegian, right down to the newest born, was worth a million Kroner or about $164,000 USD - at least on paper. This was not a cruel joke on the residents but a reality that has come about thanks to the financial savvy of the country's government.