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The awesomest part about Norwegian taxes is that they don't have to pay for everything because of all the Norwegian North Sea oil. I'm happy for the Norwegians, but this is not apples to apples.

http://en.wikipedia.org/wiki/Government_Pension_Fund_of_Norw...



Yes, because the US doesn't have any oil ... oh, wait!

Cumulative oil production:

US: ~200bn barrels Norway: ~25bn barrels

(in all fairness, the population of the US is about 60 times larger ... but then again, most of the fund is not spent today)


IMHO the comparison is fair. The US is the largest oil producing country in the world. It just happens to also have to import oil because consumption is so high.




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