The fact you’re comparing national debt to personal credit card debt tells me all I need to know about your thinking here.
Also nice to know you think that Norway’s decision to start a sovereign wealth fund was a bad idea.
We can talk about of the US starting a SWF, especially in the age of dumbass Republican rule, is a good or bad idea but your stated fact that these funds are only for nations without debt is still factually incorrect.
Also Norway is literally the prime example of when a sovereign wealth fund works and makes sense… They have a massive… wait for it… SURPLUS… due to their nation’s natural resources (oil)
They didn’t have a massive SURPLUS when they made the fund. They made a conscious decision to tax and create a new revenue source that made them a debt free nation they are today, something we could do here, but not at that scale or expecting the same results because the US is a much larger country, by not coddling the balls of corporations and the ultra wealthy or if the US wants to “drill baby drill”, tax and regulate the new sources of oil and create a SWF.
But again, you seem to completely stuck on the myopic view point of just saying the US has debt hence the US cannot create a SWF because of credit card debt.
And again, plenty of examples of nations that have national debt and deficits but still have and fund a SWF.
Anyways, this conversation is going absolutely nowhere so have a good day.
The fact you’re comparing national debt to personal credit card debt tells me all I need to know about your thinking here.
Also nice to know you think that Norway’s decision to start a sovereign wealth fund was a bad idea.
We can talk about of the US starting a SWF, especially in the age of dumbass Republican rule, is a good or bad idea but your stated fact that these funds are only for nations without debt is still factually incorrect.
wooooooosh. That wasn’t the comparison.
Also Norway is literally the prime example of when a sovereign wealth fund works and makes sense… They have a massive… wait for it… SURPLUS… due to their nation’s natural resources (oil)
They didn’t have a massive SURPLUS when they made the fund. They made a conscious decision to tax and create a new revenue source that made them a debt free nation they are today, something we could do here, but not at that scale or expecting the same results because the US is a much larger country, by not coddling the balls of corporations and the ultra wealthy or if the US wants to “drill baby drill”, tax and regulate the new sources of oil and create a SWF.
But again, you seem to completely stuck on the myopic view point of just saying the US has debt hence the US cannot create a SWF because of credit card debt.
And again, plenty of examples of nations that have national debt and deficits but still have and fund a SWF.
Anyways, this conversation is going absolutely nowhere so have a good day.
wut, you’re the only one trying to make a comparison between credit card debt and the national debt. They aren’t comparable things, FYI…