Posted on 02/14/2025 12:45:18 PM PST by Jonty30
Let me be upfront, that I don't like the idea of a Sovereign Fund, because it plays with first imo. It's at risk of going fascism, because of the power it represents at the hands of state and can be prone to be misused to be like USaid II, given to those in power and not beneficial to the American citizen.
Having said that, if it must be done, the best way to guard against it being misused is to use the funds to make direct payments to Americans, although we can see how that was also misused when social benefits payments were being fraudulently made.
Does the Federal government have any excess income that could be used to go into a sovereign wealth fund?
I don’t know the policies that Trump will use to create this fund, but that point is almost irrelevant but noted. Whatever means is used to create the fund, at some point if run well the income from the fund will supersede the funds used to create the thing initially. So, even if Trump borrows a trillion dollars to set it up, at some point the revenue from the fund will exceed a trillion dollars and the money can be paid back.
I do appreciate your point, just because excess taxation is prone to being abused by the state. Imo, a state fund should be only a function of the state and not the federal governemnt.
“Does the Federal government have any excess income that could be used to go into a sovereign wealth fund?”
They say each person in the US owes about $102K on the federal debt. So do any of us personally think the government has any excess income? :-)
It is truly insane what this government has done.
“So, even if Trump borrows a trillion dollars to set it up, at some point the revenue from the fund will exceed a trillion dollars and the money can be paid back.”
STEP 1: Borrow money
STEP 2: ????
STEP 3: Profit
I have absolute faith that Trump is just trying to solve a problem and isn’t intentionally trying to create a pathway to corruption.
But in a world where good faith intentions can, and does, lead to tyranny, it is better in the long run for the government to not do this in order to maintain liberty.
Yes, because the fund would probably generate 6%/year and the interest paid on the debt is about 3%. It’s math, but it is potentially dangerous if America loses its reserve dollar status.
I’ll wait to see Trump’s plan. Social Security, Medicaid and numerous other unfunded liabilities are up around $100 TRILLION, so something has to be done.
This will not be supported by conservatives.
We now return to our regularly scheduled programming already in progress on how failed old ideas and policies can be implemented again to achieve the same result and fight among yourself enjoy the yummy wedge issues.
With the federal government - No problem is too small not to be solved. If liberals spend it - have Elon end it.
In the right hands, such a fund could be administered for the benefit of the people.
In the wrong hands, such a fund will be used carelessly or fraudulently.
What Trump is thinking, I believe, is using the Sovereign Fund to replace the social benefits from direct taxation and having the marketplace fund it instead. Potentially, in an eternal world where nobody would abuse the system for self benefit, it would work.
In Heaven, I believe that it is possible that the angels and God operate under a fascist form of government, where everybody works to pay into the Heavenly fund and to have the funds redistributed amongst the population to pay for living.
It’s what Satan is trying to replicate here on earth, because Satan wants the same thing that he had in Heaven, but under his rules.
I want to see all Patents that federal funds contributed to be a part of the portfolio. A lot of times they give money to universities and other research folks and then give up all rights to the patents. I saw keep a % based on the amount invested and then any royalties/licensing fees get paid into the SWF.
Same with oil leases, broadcast licenses, etc
Same with all penalties and fees or other monies collected for crimes.
The tariffs pay for the day-to-day biz of the govt and then the soveriegn wealth fund eventually pays off the debt and starts sending out a check once a year to citizens similar to how Alaska sends money to Alaskans for their oil stuff.
That’s exactly what might happen. Somebody in Congress will introduce a seemingly innocuous change that will corrupt it and siphon off the funds for nefarious purposes.
That’s why I only support the idea of sovereign funds at the state level. A properly run, and Constitutional, federal government could be cut by $2 trillion easily and maybe $3 trillion and the finances would be fixed without running the risk of fascism.
I’m using the economic definition of fascism, which is a collustion between government and business and not the emotional definition, where Nazism is the only fascism in existence and liberal is not fascist.
Good thoughts reed.
Paying the debt would be the adult excuse for establishing the fund.
But the tokenization of nature, etc., would also be another step for the globalists: https://www.weforum.org/stories/2024/12/tokenization-blockchain-assets-finance/
In Trump’s hand, it’ll lead to massive RE deals where our national parks used to be. Remember the “Freedom Cities” he brought up during the campaign? (The UN/WEF’s smart/15-minute cities?)
When it comes to the globabists, they use the Hegelian Dialectic arguement to create a pathway towards the world they want.
Hegelian dialecticism, for those that don’t understand it, is the process from working backwards from the destination point to the current point of departure in order to determine how to manipulate from the departure point to create a pathway that will lead to your destination point.
In this case, Trump wants to solve the issue of the debt and the bankruptcy of social benefits by establishing a Sovereign Fund that can be built up and take over those payments from the American people.
It’s just a form of taxation where an initial fund was started from directly taxing people and shifting the tax burden from the people to the market. It can eventually result in completely ending direct taxation completely if it is allowed to grow to that point.
In a good faith world, it’s beautiful. You get all your social benefits paid for without you paying for it directly, other than when you purchase things, it is almost like free money but not quite.
However, the globalists want to own the marketplace and that’s where the trouble lies. Good faith positions cannot compete with people with tyrannical mindsets.
Concern for American’s from the 51st state?
Yes, I care for America more than my own country, because an Albertan has no value in Canada. We exist to be taken from and then we will be abandoned when my province has been impoverished.
That’s the nature of the real Canada.
So, America’s well being as it was originally intended to be is of some concern to me. I’d like America to remain an ongoing concern forever. :)
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