Biden Aides Working On Plan for American 'Sovereign Wealth Fund': Report

[Aussie105]

15. Future Wealth fund?

Yep, done!

Australia has 2 of them:

Super funds - working people have compulsory employer contributions paid into a Super fund (think compulsory 401K) with people being able to contribute themselves as well.
Currently holding A$3.5 trillion in retirement savings.
Those dollars are invested in the stock market and infrastructure projects eg toll roads.

Future fund - A$290 billion in the bank.
Earmarked for future spending as needed.

Medical Research Future Fund: $23.1 billion
Disability Care Australia Fund: $19.1 billion
Aboriginal and Torres Strait Islander Land and Sea Future Fund: $2.3 billion
Future Drought Fund: $4.9 billion
Disaster Ready Fund: $4.7 billion
Housing Australia Future Fund: $10.4 billion


EDIT:
Notice the focus is on benefitting people?
I'm currently retired and benefitting from my Super fund as a regular tax free income.
Returns have averaged 7% over the last 20 years, no bank account can equal that.