US sovereign wealth fund is latest grand political idea but is it realistic?

Published November 3, 2024

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The National quotes Veljko Fotak in an article about a possible U.S. sovereign wealth fund. “Investing money from tariffs via a [sovereign wealth fund] instead of using it to pay off our debt is what I think is the ultimate perversion,” Fotak said. It would also come with its own political wrangling, such as finding the political will to create and staff one, and determine how to manage such a fund. Still, Fotak said that is the easy part. “The hard part is keeping it alive when power changes hands. Especially in such a politically polarized environment,” he said.

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