I think it's sovereign wealth fund is about 2T in assets, and Norway's population is about 5M so that's about 400k per person.

That hardly seems like a "trust fund kid" that seems a very good head start for the people, assuming it is well distributed (and mostly evenly).

I do agree with this sentence: "implementing stricter rules around how much the government can withdraw from the sovereign wealth fund." Politicians being what they are the incentives are poor here. The rules must be strong for it to have survived for so long, but making them stronger seems prudent.

Exactly! The article says $340,000 per person which could generate something around $10-$13,000 per year at a safe withdrawal rate, which is a nice extra money to have but not exactly "My life is yachting around the Mediterranean now".