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That sovereign wealth fund with tik tok might set a good precedent; when we have to 'pour money' into these companies we can do so with stake in them held in ou
by sambull 2y ago
That sovereign wealth fund with tik tok might set a good precedent; when we have to 'pour money' into these companies we can do so with stake in them held in our sovereign wealth fund.
- TehCorwiz 2y agoExtra-legal financial instruments meant to suck money from other federal departments don't strike me as a good precedent in any sense. I don't disagree though that nationalizing the value of enormous public investments is something we should be considering, looking at you oil industry. But until congress appropriates the money under law it's a pipe dream or theft.