[ivewonyoung]

Country yes but govt no.

Just the interest on the US debt is almost a trillion dollars a year now which is 3% of GDP and the debt is ~35 trillion. Deficit spending is higher than federal taxes on the paycheck, which means you're basically paying double of what your paycheck shows.

Meanwhile Norway's sovereign wealth fund has $1.75 trillion dollars.

[epoxia]

Norway and Singapore are petro-states. Alaska and Texas (to a much smaller degree) have wealth funds off of resources. Whether they're fiscally responsible with that is up to the state.

[c_o_n_v_e_x]

Labelling Singapore as a petro-state is a stretch. Collecting taxes from refining is a very different thing than reaping the benefits of royalties from oil production.