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.
Haha federal govt keeps running chronic deficits year after year. But they have the only money printing machine in USA so they print as much as they want.
As soon as DOGE pays down the debt by at least 30t then this may be a subject worth discussing.