Originally Posted by jazz4cash
How would that work? The govt doesn’t own the oil in the ground like the places you mention.
But they do lease the land and tax the outputs.
My Last drive through Wyoming this summer their public radio was interviewing the gentleman that was in charge of investing the windfall the state has from extraction taxes and land leases. Apparently that is how the State of Wyoming is funded. No income tax, low property taxes. Extraction income is not particularly smooth so they must invest the good years to fund the poor ones.
So Wyoming does have a type of Sovereign Wealth Fund.
Guess the Federal government could have one too - except it has a deficit of funds, so where would the money come from?
I could make some suggestions, but Porky would be here before you know it.