4 ms·

I'm not sure what you mean.

• chucksmash 8y ago
  Can't get around paywall to read TFA right now, but Vanguard funds are famously cheap in terms of fees.
• conanbatt 8y ago
  What is the interest in having the state manage something at a cost when it is already free for its citizens.
  • djrobstep 8y ago
    It wouldn't provide index fund services, it would literally own the funds and thus the assets.
    • deleted 8y ago
      [deleted]
    • nicky0 8y ago
      An index fund without customers is not really an index fund. It's just a private investment trust. Basically you are saying the state should just slowly buy stock in every company until it owns every company.
      • djrobstep 8y ago
        It would have a customer: the public. > Basically you are saying the state should just slowly buy stock in every company until it owns every company. That's right. The goal is full public ownership of the means of production.
        • conanbatt 8y ago
          The state is not the public.
          • djrobstep 8y ago
            In a democratic society, it is.
            • nicky0 8y ago
              No, in a democratic soceity the state is a servant of the public.
        • nicky0 8y ago
          Not sure you have really thought this through.