text: Economic policy and views on the welfare state
  The party strongly supports key aspects of the Nordic model. It argues the model's "traditional emphasis on community solutions have created societies with a high standard of living and political change driven by collective action". The party therefore supports the existing welfare state in Norway and high taxation upon the wealthy as a means of tackling continuing economic inequality in Norway.
  Member of the Storting Mimir Kristjansson said that the "right-wing parties have proved their willingness to dismantle the very foundation of our welfare state." According Kristjansson, the socialist parties, along with the Labour Party, need to be forced into a policy which strongly protects the welfare model for the poor.
  In the aftermath of the 2021 Norwegian parliamentary election, Kristjansson said that the political right promoted, funded by the right-wing fundraiser billionaire Stein Erik Hagen, and engaged in a Red Scare campaign "to brand the Red Party as supporters of Stalinist genocide and Communist dictatorship" in which the party is seen as "just as bad as Nazism", even though "it has fought long and hard to convince voters of their commitment to a democratic form of Marxist socialism built on the proud Norwegian labor movement's most radical traditions."