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> Norway uses its fund not to directly pay out dividends but as a source of revenue for its famously generous welfare state. That wouldn't work in the good ol
by guelo 9y ago
> Norway uses its fund not to directly pay out dividends but as a source of revenue for its famously generous welfare state.
That wouldn't work in the good ol USA because the rich would use racisim and sexual panic to turn people against the welfare state and divert the money for more tax cuts for the rich. In this country the only bennefits that stick around are direct benefits that are mostly targeted at the upper middle class, such as the mortgage interest deduction or 529 college saving fund.