4 ms·
Ha. Here in the US where we produce more than double what Canada does, there isn't even an oil fund.
by mdorazio 7y ago
Ha. Here in the US where we produce more than double what Canada does, there isn't even an oil fund.
- outside1234 7y agoThe oil fund is Exxon, which is in the S&P 500, which is in your 401k.
- odonnellryan 7y agoOnly available to people who have the means or opportunity to invest. We're taking from everyone and giving to few.
- hcurtiss 7y agoThere are a lot of people who rely on those investments, whether through their government retirement, their employer's retirement, or through their own holdings. Even many social programs are funded with investments in equities.
- asdfgasd 7y agoSlightly less than half of all Americans have any investment in the stock market. Pension funds were largely replaced with 401k's, but salaries were not increased to compensate. While you're technically correct, the stock market primarily benefits those with enough disposable income to generate large investments where they do not need to draw down the principle, and that certainly isn't the majority of Americans.
- dantheman 7y agoIn Alaska they do, they just pay it out every year.