alt Hacker NewsTrue but even if it was 100% the amount of money per capita would be tiny compared to Norway. Only some of the smaller gulf states are comparable to Norway.
True but even if it was 100% the amount of money per capita would be tiny compared to Norway. Only some of the smaller gulf states are comparable to Norway.
IIUC, USA is ~60x more people than Norway.
Increasing the tax rate by ~8x to match Norway would drop 60x to ~8x. What percent of Norway's per capita is from Oil & Gas? I have to imagine that 10% of that is actually still meaningful for an average American.