mysfit Posted February 3 Posted February 3 The orange shitgibbon wants to create one https://thehill.com/policy/technology/5123461-trump-sovereign-wealth-fund-tiktok/ 1 Quote
bornontheblue Posted February 3 Posted February 3 On 2/3/2025 at 12:14 PM, mysfit said: The orange shitgibbon wants to create one https://thehill.com/policy/technology/5123461-trump-sovereign-wealth-fund-tiktok/ Quote
RSF Posted February 3 Posted February 3 How's he going to fund it? Seems like a minor detail. 1 Quote
azgreg Posted February 3 Posted February 3 On 2/3/2025 at 11:44 AM, bornontheblue said: Aren't you the one who said Project 2025 was a nothingburger? 1 1 Quote
SharkTanked Posted February 3 Posted February 3 From the Oxford Dictionary: sov·er·eign /ˈsäv(ə)rən,ˈsävərn/ noun 1. a supreme ruler, especially a monarch. "the Emperor became the first Japanese sovereign to visit Britain" a former British gold coin worth one pound sterling, now only minted for commemorative purposes. adjective possessing supreme or ultimate power. "in modern democracies the people's will is in theory sovereign" 1 Quote
RSF Posted February 3 Posted February 3 The Middle East countries arent the only ones with SWFs. Norway has one, also funded by oil revenues. Several states have funds, like Texas which has 2 funds that are dedicated to public education. https://en.wikipedia.org/wiki/List_of_sovereign_wealth_funds_by_country 1 Quote
mysfit Posted February 3 Author Posted February 3 On 2/3/2025 at 1:11 PM, RSF said: How's he going to fund it? Seems like a minor detail. Not sure where the initial investment will come from but I think his goal is to have it generate money. He's got a big up his ass to own tiktok. 1 Quote
azgreg Posted February 3 Posted February 3 On 2/3/2025 at 12:11 PM, RSF said: How's he going to fund it? $trump coin Quote
Wyobraska Posted February 4 Posted February 4 I haven't looked into it much but I could see benefits. It would be good to have a vehicle where the US invests in other countries as well. We'd get a lot further building countries up and helping them invest in their infrastructure and other areas rather than creating instability and war. I don't think the US should buy Tick Tock though 2 Quote
happycamper Posted February 4 Posted February 4 ... why? we don't run a surplus. deliberately! why would we want to pay more in taxes than what we're getting out?! the dollar is so strong compared to world currencies that we can just print 'em when we want more money and all that happens is the dollar only gains a bit of strength against the pound and euro instead of a lot of strength. our revenue is mostly based on income and corporate taxes, sources that aren't subject to massive swings of mineral royalties, so we don't really ever need to cover busts but we also don't really ever get booms to pump money into it. this is a pretty good "doesn't understand the point of a sovereign wealth fund" example Quote
Spaztecs Posted February 4 Posted February 4 On 2/3/2025 at 1:30 PM, SharkTanked said: From the Oxford Dictionary: sov·er·eign /ˈsäv(ə)rən,ˈsävərn/ noun 1. a supreme ruler, especially a monarch. "the Emperor became the first Japanese sovereign to visit Britain" a former British gold coin worth one pound sterling, now only minted for commemorative purposes. adjective possessing supreme or ultimate power. "in modern democracies the people's will is in theory sovereign" I was thinking the same thing. All the money will flow to the Billionaires 2 Quote
Akkula Posted February 4 Posted February 4 On 2/4/2025 at 6:23 AM, happycamper said: ... why? we don't run a surplus. deliberately! why would we want to pay more in taxes than what we're getting out?! the dollar is so strong compared to world currencies that we can just print 'em when we want more money and all that happens is the dollar only gains a bit of strength against the pound and euro instead of a lot of strength. our revenue is mostly based on income and corporate taxes, sources that aren't subject to massive swings of mineral royalties, so we don't really ever need to cover busts but we also don't really ever get booms to pump money into it. this is a pretty good "doesn't understand the point of a sovereign wealth fund" example Yeah, how are we to fund this supposed wealth fund. I thought we were sinking into an abyss of debt? Makes no sense? This is the problem with Donald Trump. He floats all this bullshit trial balloons. Hasn't he thought about what he wanted to pursue and implement for the last 10+ years he has been a politician? The guy is all over the place. FOCUS Donald...FOCUS. Get one law passed and then you can start musing out of left field. Nobody hired you to take over Greenland or Panama. You were supposed to fix the border and lower prices! 1 1 Quote
mysfit Posted February 4 Author Posted February 4 Apparently it's something that both sides of the aisle has considered but it's generally funded by a surplus which isn't something we've had in awhile. Quote
halfmanhalfbronco Posted February 4 Posted February 4 On 2/4/2025 at 5:23 AM, happycamper said: ... why? we don't run a surplus. deliberately! why would we want to pay more in taxes than what we're getting out?! the dollar is so strong compared to world currencies that we can just print 'em when we want more money and all that happens is the dollar only gains a bit of strength against the pound and euro instead of a lot of strength. our revenue is mostly based on income and corporate taxes, sources that aren't subject to massive swings of mineral royalties, so we don't really ever need to cover busts but we also don't really ever get booms to pump money into it. this is a pretty good "doesn't understand the point of a sovereign wealth fund" example I don't think it would be bad to have a few trillion set aside for "Shit hit the fan" disasters. Bird Flu makes a significant zoonotic jump. Yellow Stone bursts. Aliens invade. Russia nukes Ukraine. Meteor. Events that could stop congress from functioning. 1 Quote
Sactowndog Posted February 5 Posted February 5 On 2/3/2025 at 12:16 PM, azgreg said: Aren't you the one who said Project 2025 was a nothingburger? Nah he said who is President is immaterial Quote
Sactowndog Posted February 5 Posted February 5 On 2/3/2025 at 5:31 PM, Wyobraska said: I haven't looked into it much but I could see benefits. It would be good to have a vehicle where the US invests in other countries as well. We'd get a lot further building countries up and helping them invest in their infrastructure and other areas rather than creating instability and war. I don't think the US should buy Tick Tock though That would be the USAid program Trump just stopped via executive order. F Congress Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.