UPDATE: If the TPP Passes Bernie Sanders Will Be the Next President of the US. And Here's Why:

[Sancho]

169. If you look at most state retirement funds, they are invested in Wall Street

I just looked at NY, AZ, WI, CA, etc..these funds are often public employees represented by unions. This money is hard-fought. It's collected and invested for decades by whatever office each state sets up - in Florida it's almost 200 billion invested by a staff of 200 who are constantly buying, selling, and trading. Also, some funds are in the hands of large private investment companies. They clearly complete transactions everyday, which include stocks, bonds, real estate, derivatives, commodities. Most of the time, no type of investment is out of bounds unless the state or controlling board specifically limit them. Those investments would be TAXED by Bernie's transaction tax. That retirement money is earned by public employees, often union members: teachers, professors, police, firemen, city employees, social workers, park rangers, etc. Every penny that fund doesn't contain, is a penny that labor has to fight over.

For example, you can see in AZ the following allocation:

Equity/Stocks: 58%
U.S. Equity: 26%
Non-US Equity: 24%
Private Equity: 8%
Fixed Income: 25%
U.S. Fixed Income: 15%
Private Debt: 10%
Inflation Linked Assets: 12%
Real Estate: 10%
Commodities: 2%

https://www.azasrs.gov/content/asset-allocation
https://www.osc.state.ny.us/pension/overview.htm
http://www.calstrs.com/investments-overview