Maybe more what amazing things you you can achieve for your people when the citizens are the shareholders of the economic benefits of your country’s natural resources?
How much better would the US or UK or wherever else be if our wealth of natural resources was shared instead of hoarded by private land-owners and SuperMegaCorp?
Norway drills about 1/4 of the barrels we do here in the US, but reaps more than double the revenue into public coffers. ~78% tax rate in Norway vs a published rate of 21% in the US (and a real rate of <10%).
Increasing the tax rate by ~8x to match Norway would drop 60x to ~8x. What percent of Norway's per capita is from Oil & Gas? I have to imagine that 10% of that is actually still meaningful for an average American.
Norway’s reserves are mostly conventional and much cheaper to exploit and develop.
Secondly even if corporations and their share holders get a much bigger share in the US a significant amount of that money ends up in the federal budget anyway.
So idk maybe 2-3x at best? Which of course is still a lot