Norway shows the third way. The country is full of wealthy people and has no billionaire problem in the discourse, because its sovereign wealth fund, built from oil revenue and now worth trillions, is owned by the public. Norges Bank Investment Management. The lesson is that the public can build its own enormous asset base if it chooses to invest collectively. Norway nationalized the upside of its resources instead of banning rich people. We could do that with public investment in tech, land value capture, anything.
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