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Trump orders creation of US sovereign wealth fund (www.reuters.com)

submitted 13 hours ago by [email protected] to c/[email protected]

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cross-posted from: https://lemmy.crimedad.work/post/321458

I don't underestimate our Dear Leader's ability to do it badly, but isn't a sovereign wealth fund typically a good idea?

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[–] [email protected] 10 points 13 hours ago (1 children)

This would mean the US government would own or have a stake in private corporations. Could you imagine the outrage if a Democrat tried to have the government own a private company?

I'm assuming the decisions re: where it will be invested will be made by Trump personally, so it is likely just a way to pass money from the government to his corporate sycophants. I have no hope that money would be invested in a way to benefit the people of the United States

[–] [email protected] 1 points 1 hour ago

The Democrats could never pull it off, but if I can be optimistic, maybe the Trump administration can set the stage for a future working class oriented administration to do some good work.