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Trump proposes leap toward socialism with "sovereign wealth fund"

Discussion in 'Too Hot for Swamp Gas' started by citygator, Sep 5, 2024.

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  1. Sep 5, 2024 #1
    citygator

    citygator VIP Member

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    EDIT: This was just signed into existence with an EO on 2/3/2025

    ORIGINAL POST from 9/24/2024:
    This dude is just winging it.

    What's next? Seizing the means of production? What kind of party are you running over there? I can think of lots of other people I'd want to manage our money rather than a Donald Trump led government... how long until the government is the largest owner of Trump Media?

    I'd love to hear what conservatives think of this idea.



    Trump unveils plans for U.S. 'sovereign wealth fund' like Saudi Arabia and reveals how he would pay for it | Daily Mail Online

    Donald Trump unveiled a radical new plan to use cash from tariffs to fuel a sovereign wealth fund to invest in roads, airports and defense technology on Thursday.

    It is the sort of 'build the wall' idea beloved by the former president as he searches for a populist proposal that can excite voters.

    Wealth funds are generally set up by governments awash with spare cash generated by oil or gas finds. And Saudi Arabia, the United Arab Emirates and Kuwait have some of the most powerful examples.

    But the idea will face the immediate skepticism of economists amid questions about whether Americans would trust politicians to invest billions of dollars on their behalf and whether it is even constitutionally possible.
     
    Last edited: Feb 3, 2025 at 2:35 PM
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  2. Sep 5, 2024 #2
    WarDamnGator

    WarDamnGator GC Hall of Fame

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    Why would we have a wealth fund when we’re 35 trillion in debt? The US government has the opposite of wealth.
     
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  3. Sep 5, 2024 #3
    l_boy

    l_boy 5500

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    US Oil company executives all just shit their pants.
     
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  4. Sep 5, 2024 #4
    docspor

    docspor GC Hall of Fame

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    Fake con
     
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  5. Sep 5, 2024 #5
    BLING

    BLING GC Hall of Fame

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    By “wealth fund” to invest in roads and bridges he of course means unaccounted for slush fund that he can more easily steal.
     
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  6. Sep 5, 2024 #6
    sierragator

    sierragator GC Hall of Fame

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    He will brand it as conservatism and his followers will lap it up like pablum.
     
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  7. Sep 5, 2024 #7
    gator_jo

    gator_jo GC Hall of Fame

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    He probably also means "Give some money to 'Lidl Kushner to 'manage' for the country."
     
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  8. Sep 6, 2024 #8
    GatorRade

    GatorRade Rad Scientist

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    From all the money we’ll be “taking in” from tariffs? Man, if Kamala had come up with this, she’d be getting raked over the coals for it. Rightly.
     
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  9. Sep 6, 2024 #9
    flgator2

    flgator2 GC Hall of Fame

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    Give her a couple of days
     
    Last edited: Sep 8, 2024
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  10. Sep 6, 2024 #10
    channingcrowderhungry

    channingcrowderhungry Premium Member

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    His fire hose of endless bullshit has gapping holes in it and now sprays in all directions.
     
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  11. Sep 6, 2024 #11
    channingcrowderhungry

    channingcrowderhungry Premium Member

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    If Kamala said or did Pretty much everything Trump does or says, we would never hear the end. I've mentioned multiple times, imagine if Kamala had 5 kids from 3 different dads she cheated on? MAGA jaws would fall off from never shutting up about it.
     
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  12. Sep 6, 2024 #12
    danmanne65

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    Isn’t the social security trust fund kinda the same thing? Let’s fully fund that and invest that conservatively in the stock market. And wouldn’t you need to at least balance the budget before thinking of this?
     
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  13. Sep 6, 2024 #13
    slocala

    slocala VIP Member

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    Waiting for the comrade brigade’s spin on this one…
     
  14. Sep 6, 2024 #14
    tilly

    tilly Superhero Mod. Fast witted. Bulletproof posts. Moderator VIP Member

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    He. Is. A . Liberal. And. Always. Has. Been.
     
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  15. Sep 6, 2024 #15
    citygator

    citygator VIP Member

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    I mean in the last 7 days he has wavered on abortion, flipped on marijuana, pushed tariffs as a funding strategy, and proposed socializing investments. What exactly does the GOP stand for these days?
     
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  16. Sep 6, 2024 #16
    tilly

    tilly Superhero Mod. Fast witted. Bulletproof posts. Moderator VIP Member

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    Power. Money. Winning. Not much else

    Pretty much the same as all political parties anymore.

    Wish the Gator football program cared that much about those things
     
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  17. Sep 6, 2024 #17
    channingcrowderhungry

    channingcrowderhungry Premium Member

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    This is closer to a communist policy than a liberal policy. But all the posters here yelling about communism all the time aren't going to chime in on it
     
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  18. Sep 6, 2024 #18
    GatorJMDZ

    GatorJMDZ gatorjack VIP Member

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    While I applaud the fact you are willing to take shots at Trump and occasionally the Republican Party, you always have to temper it with a shot at the Dems. It's like you're almost there, but not quite...you just can't let go of the old ways. The Dems do not have anything close to the total dumpster fire Donald Trump is in a position of prominence and power within the party.

    Donald J. Trump is in a unique class all by himself and, hopefully, a once in a nation's existence aberration.
     
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  19. Sep 6, 2024 #19
    GatorJMDZ

    GatorJMDZ gatorjack VIP Member

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    Exactly, where are our resident commie hunters...Rick, ET and 92? You have to laugh, we finally might have a real commie and the hunters are no where to be found.
     
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  20. Sep 6, 2024 #20
    channingcrowderhungry

    channingcrowderhungry Premium Member

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    Trump pitching a Chicom policy.
     
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