[marvin]

Withdrawals from the oil fund amounted to 17.4% of the total state budget of Norway in 2018. (This is in the neighborhood of 3% of the fund size). This is the only "oil money" that is used on the government budget -- incomes from taxation of petroleum companies are put into the fund, never used directly.

Taxation in general is very high, at approximately 55% of the gross domestic product. We could fund plenty of social welfare programs on tax revenue alone.

The electorate in the US would not accept a tax burden that is close to that of the Scandinavian countries.