Trump creates US Sovereign Wealth Fund to make America’s money work for Americans

[mystery-ak]

Trump creates US Sovereign Wealth Fund to make America’s money work for Americans
February 4, 2025 | Chris Donaldson

President Donald J. Trump signed an executive order calling for the creation of a sovereign wealth fund for the United States that could be used to acquire Chinese-owned social media platform TikTok.

On Monday, Trump directed officials to develop a plan to create a government-owned investment fund similar to those used by other countries that according to a White House fact sheet “will help maximize the stewardship of our national wealth.”

“It’s a very exciting event. We’re going to have a sovereign wealth fund, which we’ve never had. We have a lot of things that create wealth,” Trump said.

“I think in a short period of time, we’d have one of the biggest funds,” the president said from the Oval Office during a signing ceremony that was attended by “legendary” media mogul Rupert Murdoch and tech billionaire Larry Ellison.

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https://www.bizpacreview.com/2025/02/04/trump-creates-us-sovereign-wealth-fund-to-make-americas-money-work-for-americans-1520486/

[MeganC]

The deficit and then the debt need to be resolved if we are to achieve true sovereignty and true prosperity.

[DefiantMassRINO]

 

Great, another politician slush fund to be pillaged and stuffed with I.O.U.'s.

[MeganC]

Great, another politician slush fund to be pillaged and stuffed with I.O.U.'s.

Trump means well but you're right that the Swamp won't keep their grubby mitts off that pile of money.

[bilo]

Great, another politician slush fund to be pillaged and stuffed with I.O.U.'s.

I knew I wouldn't agree with Pres. Trump on everything. I think this is a bad idea. The last thing we need is for the federal govt. to buy businesses.

I hope this dies in committee.

[The_Reader_David]

I knew I wouldn't agree with Pres. Trump on everything. I think this is a bad idea. The last thing we need is for the federal govt. to buy businesses.

I hope this dies in committee.

I'm inclined to agree.  On the other hand, would the Feds voting the shares actually be worse than the managers at BlackRock, Fidelity, State Street and Berkshire Hathaway that gave us ESG investing, pushed DEI on companies and can't be replaced by a newly elected administration?  A sovereign wealth fund could be so constituted that it is forbidden from taking a controlling interest in any company or maybe even a greater than 10% stake (with possible exceptions for defense contractors and companies whose only business is extraction or processing of a small list of strategic minerals adopted by Congress), in which case, it might not be obnoxious..