Blatant corruption aside, can anyone tell me what the cons of the U.S. starting a sovereign wealth fund would be? Fuck we should honesty be investing the Social Security Trust in this and more aggressive equities for higher returns than just bonds if we’re worried about social security insolvency.
Approximation_Doctor on
Nationalize t*ktok so that Musk can destroy it
modularpeak2552 on
Pros: it would piss off all the most annoying people online
Cons: literally everything else
ixvst01 on
The Sovereign wealth fund isn’t necessarily a terrible idea. But it would definitely be used by a corrupt administration (like this one) to manipulate the market, pump & dump shitcoins, or worse. It would have to be managed independently like the Fed.
Chadmartigan on
Dude is just dead set on keeping that particular SM platform operating in the U.S., for whatever odd reason that I’m sure is totally legit
AniNgAnnoys on
Don’t you normally need a budget surplus to do that?
Key_Environment8179 on
If the government owned TikTok, then every act of censorship or algorithm manipulation would be subject to first-amendment scrutiny, and it would be hit with an avalanche of litigation a constant basis
Legodude293 on
Great idea if we used it in conjunction with Social Security, but that won’t happen.
Excellent-Juice8545 on
…so they’re defunding everything except they want TikTok to be owned by the state?
ramenmonster69 on
I remember when the Republicans thought the government should not own private businesses because it believed in free markets and not picking winners and losers.
12 Comments
Stupid
So, is TikTok going to say yes or….
Blatant corruption aside, can anyone tell me what the cons of the U.S. starting a sovereign wealth fund would be? Fuck we should honesty be investing the Social Security Trust in this and more aggressive equities for higher returns than just bonds if we’re worried about social security insolvency.
Nationalize t*ktok so that Musk can destroy it
Pros: it would piss off all the most annoying people online
Cons: literally everything else
The Sovereign wealth fund isn’t necessarily a terrible idea. But it would definitely be used by a corrupt administration (like this one) to manipulate the market, pump & dump shitcoins, or worse. It would have to be managed independently like the Fed.
Dude is just dead set on keeping that particular SM platform operating in the U.S., for whatever odd reason that I’m sure is totally legit
Don’t you normally need a budget surplus to do that?
If the government owned TikTok, then every act of censorship or algorithm manipulation would be subject to first-amendment scrutiny, and it would be hit with an avalanche of litigation a constant basis
Great idea if we used it in conjunction with Social Security, but that won’t happen.
…so they’re defunding everything except they want TikTok to be owned by the state?
I remember when the Republicans thought the government should not own private businesses because it believed in free markets and not picking winners and losers.