As a Venezuelan who way back in 1974, during the first oil boom, had to do with the incipient Venezuelan Investment Fund, I have often wondered the following:
So I would much rather prefer Venezuela's net oil revenues being shared equally and continuously among all Venezuelans, to a wealth fund like this.
The first answer: I really do not know or dare to suggest anything. I just pray their beautiful fund does not morph into something bad.
The second answer: Go back to its original name. Whatever is paid out should, as a Norwegian Oil Dividend, go equally to all living Norwegians, without any redistribution profiteers interfering. For a magnificent wealth fund like this, that has helped to create much richness in foreign lands, to end up its days only funding the pensions for the old of some lucky generations, sounds just too sad.