“Yes, President Donald Trump initiated the creation of a sovereign wealth fund for the United States through an executive order signed on February 3, 2025. This order directed the Secretaries of the Treasury and Commerce to develop a comprehensive plan within 90 days, covering funding mechanisms, investment strategies, governance, and legal requirements (including potential legislation needed for full implementation). The fund aims to enhance fiscal sustainability, reduce tax burdens on families and businesses, secure economic stability for future generations, and strengthen U.S. global leadership.
While the fund has not yet been formally established via legislation—adopting an unconventional, decentralized approach involving multiple agencies—it is already operational through strategic investments and initiatives”
America should have a Sovereign Fund, funded in part with oil money from Alaska's ANWR.
So the government should operate like a business in terms of having assets that it manages for profit? I mean...why?
To me, this is one of those ideas that might sound, uh, not horrible is you picture someone like Trump running it. Although the principle is still horrible to me.
But what about if someone like Biden, or AOC, or Newsome is President, and is using those funds to advance their agendas under the guise just "doing business"? Talk about the potential for slush funds for leftist organizations and causes....