[Eska]

Alaska has the Permanent Fund which works the same as Norway's oil fund. About the same amount of oil has been produced since 70's here in Ak as in Norway since 90's. Govt in both places is funded by the oil wealth. Alaska has 40 billion in their fund, Norway 5 trillion. Looks like Norway got a much better deal for their oil than Alaska.

Not complaining though. State taxes don't exist in Alaska due to the oil wealth. We don't even have property taxes along the Yukon; now imagine that?

[thackney]

Alaska has 40 billion in their fund, Norway 5 trillion. Looks like Norway got a much better deal for their oil than Alaska.

Does Norway give 50% (or more or less) to the residents or keep it all for the government? Alaskans may have gotten the better deal if Norwegians only fund the government and not the individual people.

[bjorn14]

Except Norwegians don’t get a yearly refund check like Alaskans.