Wall Street Journal Warns Trump ‘Sovereign Wealth Fund” ‘Will Destroy More Wealth Than It Creates’

https://www.huffpost.com/entry/wall-street-journal-donald-trump-idea_n_67a5b342e4b0e94f7d1301f5

by jonfla

9 comments

  2. A sovereign wealth fund is meant to save revenue from a country’s natural resource sales, which could eventually run out. But this is essentially funded by taxpayers payers to what hopefully be taxed less later? Yeah that’ll happen.

  3. It wasn’t just but about 15 years ago the GOP was against the federal government from owning private enterprise when Obama temporarily owned businesses to ensure they did not go under and mess even more up in the great recession.

    My times have changed but unfortunately not for the little guy

  4. Countries with sovereign wealth funds tend to have budget surpluses, not deficits. Where does he magically get $2 trillion — by raising taxes and/or cutting? The entire USAID that he just had Musk kill is 2% of that. This is like 65 year olds waking up after 40+ years of not saving, 100ks in debt, living paycheck-to-paycheck, deciding that maybe they should save for retirement.

  8. “Guys, I’m drowning in credit card debt, my expenses are higher than my income, and I’m also planning on taking a pay cut soon (it’s ok because I’m making coffee at home now). Is it a good idea to get a personal loan to invest in the stock market?” – some guy in /r/personalfinance, probably

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