Teedoubleyew nailed it. Awesome I Like Football And Maybe 3 People Quote Shirt Cash is needed and Norway has a ton from North Sea oil. They use it in a very responsible manner to help their entire population. Argue whether the means are bad or the ends are good. Lots of discourse there! But the end result is as noted in OP. Oh, right. The US has more natural gas than anyone else. We just let private companies keep all the profit for themselves instead of treating it as a national resource that benefits everyone. It’s almost as if we closed tax loopholes like corporations setting up dummy offices offshores in the Bahamas.
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And taxing them at an Awesome I Like Football And Maybe 3 People Quote Shirts rate where they could still rake in tens/hundreds of millions of dollars a year we could actually fund healthcare and a livable minimum wage with benefits and time off… Not to mention the manner in which Norway invests its money is super interesting. I really can’t remember any details, but look into it. Really smart national investment strategy, so that they aren’t actually reliant on oil, should and when that industry dies. Corporations make money off Norwegian oil too. Who do you think are out there in the North Sea extracting it? Government employees?
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