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U.S. Sovereign Wealth Fund #8211831
09/08/24 08:41 PM
09/08/24 08:41 PM
Joined: May 2011
Posts: 19,121
Oakland, MS
yotetrapper30 Offline OP
trapper
yotetrapper30  Offline OP
trapper

Joined: May 2011
Posts: 19,121
Oakland, MS
I hope this isn't considered too political, if it is, delete it. I consider it more economic. And apparently, bipartisan, which is the alarming part.

Please stick to the topic at hand and don't make it more political than it needs to be.

Apparently both the current president, and the republican nominee, are tossing around the idea of a U.S. sovereign wealth fund.

The way I understand it, and I could be mistaken, is that this would be a fund where the U.S. government invests in private businesses. Particularly, national security interests. Theoretically, that could put the government in charge of running private enterprise and determining what... and how much of.... things are produced. The government could also determine which items will ultimately be produced by financially supporting industries (or companies) they choose, giving them an unfair advantage over industries the government chooses not to support. As an example, the gov't fund could invest heavily in car companies that support whoever the current administration is at the time, while not investing in a company like Tesla that's considered politically incorrect.

I don't know, but to me this smells of communism. What are your thoughts? Maybe I'm reading too much into this??

Short Article

Longer Article


Just give me one thing, that I can hold on to. To believe in this livin' is just a hard way to go.
Re: U.S. Sovereign Wealth Fund [Re: yotetrapper30] #8211836
09/08/24 08:47 PM
09/08/24 08:47 PM
Joined: Dec 2006
Posts: 22,084
Alabama (Bama for short) 108 y...
Jtrapper Offline
trapper
Jtrapper  Offline
trapper

Joined: Dec 2006
Posts: 22,084
Alabama (Bama for short) 108 y...
Already doing that, Chevy Volt was a big hit for Obummer, lol. GM and such got bailed out, Ford didn't. Big banks got bailed out, smaller mom / pop banks were allowed to fold up and go away.

Get gov out of everything and things would work great! But we have been a communist country now for a long time, people are just starting to realize it little by little.


Not my circus, not my clowns.
Re: U.S. Sovereign Wealth Fund [Re: yotetrapper30] #8211860
09/08/24 09:08 PM
09/08/24 09:08 PM
Joined: Jan 2014
Posts: 21,653
North East Kansas
Marty Offline
trapper
Marty  Offline
trapper

Joined: Jan 2014
Posts: 21,653
North East Kansas
Hello comrade


Rise and Rise Again
Until Lambs Become Lions
Re: U.S. Sovereign Wealth Fund [Re: yotetrapper30] #8211900
09/08/24 09:54 PM
09/08/24 09:54 PM
Joined: Feb 2020
Posts: 11,855
Indiana
P
Providence Farm Offline
trapper
Providence Farm  Offline
trapper
P

Joined: Feb 2020
Posts: 11,855
Indiana
nothing good will come of this.

Re: U.S. Sovereign Wealth Fund [Re: yotetrapper30] #8211925
09/08/24 10:07 PM
09/08/24 10:07 PM
Joined: Aug 2022
Posts: 106
Maine
J
Jkeith Offline
trapper
Jkeith  Offline
trapper
J

Joined: Aug 2022
Posts: 106
Maine
You have a good nose, yotetrapper30. Never forget Reagan's famous quip:
Quote
The nine most terrifying words in the English language are: "I’m from the government, and I’m here to help."

Re: U.S. Sovereign Wealth Fund [Re: yotetrapper30] #8211954
09/08/24 10:36 PM
09/08/24 10:36 PM
Joined: Dec 2010
Posts: 12,154
Armpit, ak
D
Dirt Online content
trapper
Dirt  Online Content
trapper
D

Joined: Dec 2010
Posts: 12,154
Armpit, ak
"Should the Govt. Handle Airport Security?
ByABC News
November 1, 2001, 9:32 AM




Nov. 1 -- To federalize or not to federalize: that is the question facing the House of Representatives as it grapples with airline security.

With House debating air-safety legislation that may come up for a vote today, the major sticking point remains the role of the nation's airport baggage screeners.

House Democrats and some Republican moderates support a Senate bill, passed unanimously on Oct. 12, nationalizing baggage screening and adding the workers to the government work force. "

Pretty sure this is what communism looks like. smile

"Nationalization is the process by which a government takes control of a privately-owned company or industry, often without compensation to the former owners. "

And nobody cared. frown


Last edited by Dirt; 09/08/24 10:44 PM. Reason: clarification

Who is John Galt?
Re: U.S. Sovereign Wealth Fund [Re: yotetrapper30] #8211988
09/09/24 12:24 AM
09/09/24 12:24 AM
Joined: May 2010
Posts: 1,442
alabama
BandB Offline
trapper
BandB  Offline
trapper

Joined: May 2010
Posts: 1,442
alabama
The tax code is already used to favor one business over another.

Re: U.S. Sovereign Wealth Fund [Re: yotetrapper30] #8212004
09/09/24 03:08 AM
09/09/24 03:08 AM
Joined: Mar 2014
Posts: 4,037
Central Texas
C
Chancey Offline
trapper
Chancey  Offline
trapper
C

Joined: Mar 2014
Posts: 4,037
Central Texas
We've been a communist country for a very long time. At least for the last 40 years and getting more and more marxist by the day. Communism is evil and always devolves to wickedness.

To your point. The Gov pics winners and losers. I've spent a big many of my years in the coal industry. To my knowledge, the coal industry is the only private company that the Gov has regulated out of business on purpose. I'm sure there are others, but that one hits home for me.

At the same time the Gov is picking winners and losers, they bring on all these new green energy deals. Solar farms, etc.

The Gov gives them tax breaks (and so do local county govs) to go out and put solar farms on prime farmland all the while putting restrictions on the coal industry.

I spent 20 years of my life restoring mined lands to wildlife habitat. Only to see it get bulldozed down into solar farms. The system is broke. There is only winners; and the winners are destroying this country.

It will not get fixed either, no matter who is in charge. To fix it would require painful remedies. No one wants to do that so the can gets kicked down the road. But the end is coming. When it gets here; it will hit most people like a freight train they never saw coming.


Resident Conspiracy Theorist
Accused Moron, Nazi, Low IQ, and Putin Fan Boy
Re: U.S. Sovereign Wealth Fund [Re: yotetrapper30] #8212014
09/09/24 05:06 AM
09/09/24 05:06 AM
Joined: Dec 2006
Posts: 32,055
williamsburg ks
D
danny clifton Offline
"Grumpy Old Man"
danny clifton  Offline
"Grumpy Old Man"
D

Joined: Dec 2006
Posts: 32,055
williamsburg ks
I cared Dirt. I have refused to fly since that mess started.


Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety. Benjamin Franklin (1706-1790)
Re: U.S. Sovereign Wealth Fund [Re: yotetrapper30] #8212043
09/09/24 07:12 AM
09/09/24 07:12 AM
Joined: Dec 2006
Posts: 32,055
williamsburg ks
D
danny clifton Offline
"Grumpy Old Man"
danny clifton  Offline
"Grumpy Old Man"
D

Joined: Dec 2006
Posts: 32,055
williamsburg ks
Its just a new name. Started with building railroads.


Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety. Benjamin Franklin (1706-1790)
Re: U.S. Sovereign Wealth Fund [Re: yotetrapper30] #8212068
09/09/24 08:29 AM
09/09/24 08:29 AM
Joined: Feb 2011
Posts: 1,507
alberta
S
spjones Offline
trapper
spjones  Offline
trapper
S

Joined: Feb 2011
Posts: 1,507
alberta
Entrepreneurs create wealth,,,

Politicians redistribute wealth,,,with a heavy dose of corruption thrown it

Re: U.S. Sovereign Wealth Fund [Re: yotetrapper30] #8212071
09/09/24 08:31 AM
09/09/24 08:31 AM
Joined: Dec 2006
Posts: 23,877
Very SE Nebraska
G
Gary Benson Offline
trapper
Gary Benson  Offline
trapper
G

Joined: Dec 2006
Posts: 23,877
Very SE Nebraska
Where does a government with 33 trillion debt get money to "invest"?


Life ain't supposed to be easy.
Re: U.S. Sovereign Wealth Fund [Re: yotetrapper30] #8212104
09/09/24 09:57 AM
09/09/24 09:57 AM
Joined: Sep 2008
Posts: 7,866
NC
B
bowhunter27295 Offline
trapper
bowhunter27295  Offline
trapper
B

Joined: Sep 2008
Posts: 7,866
NC
The companies are allowing it and being subjugated by the government. If they don't they better have as much money as Elon of they will be shut down and taken by force of the IRS. Sadly, it is either take this amount of money the government is offering or they will confiscate the company.

So what are we gonna do about it?

Are you willing to be a martyr? First thing the media will do is paint you as mentally deranged and suicidal. Is your family ok with what needs to be done? Is your family taken care of when you are gone?

I remember watching a reporter being killed on live TV and it scaring the crap out of the media as a whole. For a short time, the media actually acted like objective journalists. Then they went back to being trolls.

It is gonna take some sacrifice for things to change. I am talking founding fathers type of sacrifice.

I know this sounds very extreme but how far has talk gotten us? We have one of the most stupid electorates on the planet.

Prayer is one of the most powerful things we can do. GOD actually said if we will turn from our wicked ways and look to HIM for help and guidance, HE will heal our land. That is a hard thing to do when all I want to do is congregate a group of friendly people to discuss our grievances with the powers that be. (not using specific words)

I hate what is coming for my children.


How many lies will people believe before they realize their own idiocy?
Re: U.S. Sovereign Wealth Fund [Re: spjones] #8212105
09/09/24 09:58 AM
09/09/24 09:58 AM
Joined: Sep 2008
Posts: 7,866
NC
B
bowhunter27295 Offline
trapper
bowhunter27295  Offline
trapper
B

Joined: Sep 2008
Posts: 7,866
NC
Originally Posted by spjones
Entrepreneurs create wealth,,,

Politicians redistribute wealth so they can buy votes with tax payer money,,,with a heavy dose of corruption thrown it



How many lies will people believe before they realize their own idiocy?
Re: U.S. Sovereign Wealth Fund [Re: yotetrapper30] #8212111
09/09/24 10:13 AM
09/09/24 10:13 AM
Joined: Mar 2018
Posts: 2,878
Missouri
H
HayDay Offline
trapper
HayDay  Offline
trapper
H

Joined: Mar 2018
Posts: 2,878
Missouri
In many ways, government resembles protection rackets run by organized crime. If you have enough money, you can buy either protection or preference. They sound similar, but are not the same.

Protection just gets them off your back. Preference puts you at the head of the line. What OP is talking about is preference. A government mandated monopoly. Fails almost every time it is tried, which is often.


Easy to vote your way into socialism, but impossible to vote your way out of it.
Re: U.S. Sovereign Wealth Fund [Re: HayDay] #8212112
09/09/24 10:14 AM
09/09/24 10:14 AM
Joined: Sep 2008
Posts: 7,866
NC
B
bowhunter27295 Offline
trapper
bowhunter27295  Offline
trapper
B

Joined: Sep 2008
Posts: 7,866
NC
Originally Posted by HayDay
In many ways, government resembles protection rackets run by organized crime. If you have enough money, you can buy either protection or preference. They sound similar, but are not the same.

Protection just gets them off your back. Preference puts you at the head of the line. What OP is talking about is preference. A government mandated monopoly. Fails almost every time it is tried, which is often.


I cannot cite a time it has ever worked. It has always failed.


How many lies will people believe before they realize their own idiocy?
Re: U.S. Sovereign Wealth Fund [Re: bowhunter27295] #8212115
09/09/24 10:21 AM
09/09/24 10:21 AM
Joined: Dec 2008
Posts: 31,264
Eastern Shore of Maryland
HobbieTrapper Offline
"Chippendale Trapper"
HobbieTrapper  Offline
"Chippendale Trapper"

Joined: Dec 2008
Posts: 31,264
Eastern Shore of Maryland
Originally Posted by bowhunter27295


I hate what is coming for my children.


I’m hoping and praying it comes for me so they won’t have it worry about.


-Goofy
Re: U.S. Sovereign Wealth Fund [Re: yotetrapper30] #8212162
09/09/24 11:55 AM
09/09/24 11:55 AM
Joined: Sep 2008
Posts: 7,866
NC
B
bowhunter27295 Offline
trapper
bowhunter27295  Offline
trapper
B

Joined: Sep 2008
Posts: 7,866
NC
Hobbie, you and I are the only ones I know of that will volunteer to be cannon fodder. I hope I am wrong.

If citizens and authority people are pitted against each other, if the ratio of losses is 1:1, the authorities will lose or surrender in short order.

Study urban and sneaky asian abilities in fighting times.

Create communication WITHOUT electronics.


How many lies will people believe before they realize their own idiocy?
Re: U.S. Sovereign Wealth Fund [Re: yotetrapper30] #8212163
09/09/24 11:56 AM
09/09/24 11:56 AM
Joined: Sep 2008
Posts: 7,866
NC
B
bowhunter27295 Offline
trapper
bowhunter27295  Offline
trapper
B

Joined: Sep 2008
Posts: 7,866
NC
All of this discussion is because of what is coming. The OP is proving a complete takeover is in the works


How many lies will people believe before they realize their own idiocy?
Re: U.S. Sovereign Wealth Fund [Re: yotetrapper30] #8212168
09/09/24 12:09 PM
09/09/24 12:09 PM
Joined: Jan 2014
Posts: 21,653
North East Kansas
Marty Offline
trapper
Marty  Offline
trapper

Joined: Jan 2014
Posts: 21,653
North East Kansas
this has been coming for a while now but most folks were just oblivious. many now refuse to admit it and have been groomed to be woke, there are many woke conservatives who do not realize what they have become....and realize that over 50% of so called conservative women are going to vote for her.....just keep hoping but remember if hope is your plan then your plan sux.


Rise and Rise Again
Until Lambs Become Lions
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