I receive a weekly Norwegian-American newspaper. In a recent issue, there was an article on Norway's pension fund. In brief, Norway invests the money made on their gas and natural gas drilling into a pension fund. Norway has funded a full pension for every single Norwegian with these investments.
It makes me wonder. America has many resources, but we squander them too often. I don't know if we could set up some sort of investment system like Norway has, as they have only a few million citizens compared to America's 300+ million. But it makes me wonder why we refuse to safely utilize and extract our natural resources of coal, natural gas, and oil, among many others.
It just seems to me that Norway has embarked on a practical course of social security, while we have constantly raided our social security savings to pay for other projects in the budget so that their is practically nothing left for those who will retire in the next couple of decades. I wish our leaders could put forward some sort of practical plan to prepare for the future.