A sovereign wealth fund is a bad idea for all the reasons stated. Those are all fixable problems. It is a bad idea for another reason that is not fixable. The current Social Security trust fund is near 10% of the total US stock market valuation. In the pat it has been over 10%. In order to cover it's obligations, it should be much larger…
A sovereign wealth fund is a bad idea for all the reasons stated. Those are all fixable problems. It is a bad idea for another reason that is not fixable. The current Social Security trust fund is near 10% of the total US stock market valuation. In the pat it has been over 10%. In order to cover it's obligations, it should be much larger. This would be a significant portion of the stock market. (Norway's wealth fund is 70% equities)
A sovereign wealth fund is a bad idea for all the reasons stated. Those are all fixable problems. It is a bad idea for another reason that is not fixable. The current Social Security trust fund is near 10% of the total US stock market valuation. In the pat it has been over 10%. In order to cover it's obligations, it should be much larger. This would be a significant portion of the stock market. (Norway's wealth fund is 70% equities)