Norway is a terrible example for a “country that has socialism”. They have the largest sovereign oil fund except the Saudis. They’re managing it incredibly well. But it’s never the less a country that oil built.
Use Sweden or Denmark or Finland. But Norway is not a good example; anything would work in that country.
At least Norway’s oil benefits the nation. The US produces more oil than any other nation but it’s not something that feeds into benefiting the nation.
Nearly every single Alaskan got a financial windfall amounting to more than $3,000 Tuesday, the day the state began distributing payments from Alaska’s investment fund that has been seeded with money from the state’s oil riches.
The payments, officially called the Permanent Fund Dividend or the PFD locally, amounted to $2,622 — the highest amount ever. Alaska lawmakers added $662 as a one-time benefit to help residents with high energy costs.
That’s not to mention whatever the taxes on the extraction are used for, the economic activity generated by the extraction, and so forth.
do you just not understand what the point is/was or do you think just giving citizens some money or boosting the countries economy is the same thing as what was being said
Norway is a terrible example for a “country that has socialism”. They have the largest sovereign oil fund except the Saudis. They’re managing it incredibly well. But it’s never the less a country that oil built.
Use Sweden or Denmark or Finland. But Norway is not a good example; anything would work in that country.
At least Norway’s oil benefits the nation. The US produces more oil than any other nation but it’s not something that feeds into benefiting the nation.
https://www.cbsnews.com/news/alaska-oil-wealth-payments-2022/
That’s not to mention whatever the taxes on the extraction are used for, the economic activity generated by the extraction, and so forth.
do you just not understand what the point is/was or do you think just giving citizens some money or boosting the countries economy is the same thing as what was being said
I think that oil extraction in the US does benefit the nation, and I provided some examples why. Do you think that it doesn’t?
What in my comment implies that it doesn’t benefit the “nation”? But your answer seems to be that no, you don’t understand.