Wednesday, August 29, 2018

Do We Need A Social Wealth Fund ???

This essay supports the idea of a "social wealth fund" for the US:

I have two pertinent comments:
  1. If the so-called "Social Security Trust Fund" had been invested in the stock market, we already would have such a thing; but
  2. If we had done that, all its money would have been stolen by Wall Street instead of by Congress and the President.

A prerequisite for any such fund is the ability of the government to protect it from predators, and no government currently has such an ability.

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