Posted on 02/03/2025 5:26:14 PM PST by BushCountry
DELIVERING A PLAN TO CREATE A UNITED STATES SOVEREIGN WEALTH FUND: Today, President Donald J. Trump signed an Executive Order calling for the creation of a Sovereign Wealth Fund.
The Executive Order directs the Secretary of the Treasury and the Secretary of Commerce to deliver a plan within 90 days for the creation of a sovereign wealth fund. The Secretary of the Treasury and the Secretary of Commerce will work closely with the Director of the Office of Management and Budget and the Assistant to the President for Economic Policy to develop the plan. The Order directs the Secretary to include in the plan recommendations for funding mechanisms, investment strategies, fund structure, and a governance model. ENSURING LONG-TERM ECONOMIC COMPETITIVENESS AND FISCAL SUSTAINABILITY: The creation of a sovereign wealth fund for the United States will help maximize the stewardship of our national wealth.
So is this something a citizen can invest in?
No since they are government owned. However, Alaska distribute annual dividends to it’s residents (via the Permanent Fund Dividend program).
It is not fully developed, but imagine the USA’s full potential to make the largest most profitable fund in the world by far.
That would create and even larger conflict of interest with the fed, housing and other assets that can be inflated with spending and regulations. SSI or a SWF aren't inline with limited government.
Governments ought not impound wealth. Imagine full-diaper Joe with a few extra trillion of fun money. That will happen some day. Leave cash in the hands of people.
Whatta bout all of the Gold in Fort Knox?
In a good faith world, I like the idea of sovereign funds. However, we don’t have that world. I see it as a potential back door to fascism, using government funds to control corporations.
There is enough to do to get this country back on track without coming up with any new ideas...will take too much away from work that NEEDS to be done without adding more employees. The goal is to pare down not add more, isn’t it?
We have had variations of this in the past.
Tennessee Valley Authority.
all the electrical generation in the 30’s
It works with good leadership and private contractors.
This appears exploratory for Trump
This is a terrible idea. Imagine a sovereign wealth fund under the control of Barack Obama and his band of misfits.
Where will the wealth come from?
Finland is a country of about 5.6 million people.
So can people there get a personal return on that annual profit?
This is the most innovative and extremely interesting of all of Trump’s ideas!
Have Congress pass a law to require the federal budget to be balanced every year...
Tennessee has to and every few years there is a surplus which
is given back to the taxpayers...
I don’t think this idea is feasible while Trump is President. It’s better to invest in Treasuries as long as we have a National Debt and for the federal government to not be making huge investments in the market. We will yet have Speakers who are more terrifying insider traders than Nancy. And plenty others will be corrupt in the future.
Yes...something like the old fashioned war bonds. The Public should be able to invest in US Sovereign Wealth Bonds and Sovereign Wealth Bitcoin too.
Norway has the largest SWF in the world. $1T+. It came from oil.
It is actual money. Though one supposes one could just print up an SWF and declare yours is bigger than Norway’s.
I think it’s a good idea... the devil is in the details, though. A SWF that’s 3x bigger than Finland’s could eliminate the need for an income tax. An EO to create a plan is a good start, but the “guardrails” on the plan to prevent misuse my future administrations would need to be approved by Congress, or even better, a Constitutional Amendment.
>>I think it’s a good idea... the devil is in the details, though.
I agree. I need to learn more about it and I can see potential for corruption and mis-use, but in principle it’s a good idea. If done properly, much of the U.S. government could be funded from the profits of the fund rather than through taxes and debt. In combination with a greater emphasis on tariffs, it could conceivably be part of a workable strategy to get control over our national debt.
How is this not socialism?
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