Antonio Pequeño IV is a reporter who covers breaking news, with a focus on technology and online culture. He joined Forbes in 2023 and works in Los Angeles. He’s covered Elon Musk’s Twitter takeover, the Reddit blackout protest and debunked viral rumors.
Who Are Tim Pool And Benny Johnson? What To Know About The Six Right-Wing Commentators DOJ Alleges Were Funded By Russia.Former President Donald Trump proposed the creation of a sovereign wealth fund for the U.S. on Thursday, suggesting the government-owned investment fund used by countries such as Norway, China and South Korea would be created and partially funded by tariffs if he wins the presidential election.during a speech at The Economic Club of New York, questioning why the U.S.
Trump said “tremendous amounts of money” generated from tariffs “and other intelligent things” would be used to supply the investment fund. Sovereign wealth funds are state-owned investment funds that, like traditional investment funds, can invest in stocks, real estate, bonds, hedge funds and more, building up a pool of money that can be used to insulate the government and its people from economic stressors.
Money within the funds can be sourced from a country’s budget surplus, which can come from things such as trade surpluses, government-owned natural resource revenues, foreign currency operations and government transfer payments, according to the However, the U.S. has largely operated at a federal deficit and not had a budget surplus since 2001, according to theThe U.S. has traditionally not needed a sovereign wealth fund, as the Federal Reserve and U.S. Treasury are capable of managing similar long-term investments taken on by wealth funds, according to FCLTGlobal CEOThe U.S.
Sovereign Wealth Fund Politics Taxes Economy Business Debt Surplus Republican Election
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