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jmbar2

(8,043 posts)

13. Fantastic idea!

Reply to BumRushDaShow (Original post)

Sun Sep 8, 2024, 01:42 PM

Sep 2024

Other countries such as Norway keep some of the profits from natural resources/oil to invest for the public good. I have always wondered why the US allowed big oil to get all the benefits from a resource that they didn't create.

They should specify that the funds would be for education, raising retirement benefits, giving each newborn a savings account, public housing and poverty reduction.

It would help rebalance the inequities of extreme wealth accumulation.

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nala DBoon

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Highlight:

Biden Aides Working On Plan for American 'Sovereign Wealth Fund': Report [View all] BumRushDaShow Sep 2024 OP

I have no idea how they would manage it, though ..! Shipwack Sep 2024 #1

Here is an aggregator wtih the Bloomberg article BumRushDaShow Sep 2024 #2

Thank you. nt Shipwack Sep 2024 #14

You mean the Republicans cannot produce a budget. cstanleytech Sep 2024 #10

Sounds like another opportunity for Republicans to crash and loot.. Mawspam2 Sep 2024 #3

there's no doubt that Donald and his cronies would totally loot this thing if they got into power LymphocyteLover Sep 2024 #5

It needs one of: raising taxes, cutting spending, or borrowing more muriel_volestrangler Sep 2024 #4

So did Donald hear about this and try to promote this idea as his own? LymphocyteLover Sep 2024 #6

That's what I'm wondering peggysue2 Sep 2024 #9

exactly LymphocyteLover Sep 2024 #12

I don't see why it can't work, when our allies, Australia and Canada, have set them up independent of ancianita Sep 2024 #7

Maybe I'm cynical 4catsmom Sep 2024 #8

We do not actually need this as Congress and Senate can already invest in things that help the nation grow. cstanleytech Sep 2024 #11

Fantastic idea! jmbar2 Sep 2024 #13

Future Wealth fund? Aussie105 Sep 2024 #15