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Trump says the gov will take deals like Intel deal all day long
Posted on 8/25/25 at 8:57 am
Posted on 8/25/25 at 8:57 am
He is doing this to create a sovereign wealth fund.
LINK
quote:
“But the president has made it clear all the way back to the campaign, he thinks that in the end, it would be great if the U.S. could start to build up a sovereign wealth fund. So I’m sure that at some point there’ll be more transactions, if not in this industry then other industries.”
quote:
Trump signed an order in early February to start a sovereign wealth fund, a mechanism primarily used by smaller countries with vast natural resources that are used as funding backstops for transactions. Norway leads the world in such funds with some $1.8 trillion in assets, according to the Sovereign Wealth Fund Institute. China is next, and multiple Middle East nations also have large funds.
LINK
16
Posted on 8/25/25 at 9:02 am to Jjdoc
Sovereign wealth funds are usually created from surpluses. How can you create one when you run massive deficits, and have a $36 trillion debt.
Seems more prudent to pay reduce deficits, and paydown the debt with surpluses.
Seems more prudent to pay reduce deficits, and paydown the debt with surpluses.
Posted on 8/25/25 at 9:03 am to Jjdoc
quote:
He is doing this to create a sovereign wealth fund.
When we're 38t in debt.
Sounds like Trump likes Norways soft socialism.
Posted on 8/25/25 at 9:05 am to BlackAdam
quote:
Sovereign wealth funds are usually created from surpluses. How can you create one when you run massive deficits, and have a $36 trillion debt.
Seems more prudent to pay reduce deficits, and paydown the debt with surpluses.
You are applying personal finance logic to a government with a constitutional right to print money on a whim.
Posted on 8/25/25 at 9:06 am to BlackAdam
SWF is necessary, and more productive than paying down debt (currently). Assets like Intel grow at a faster rate than the interest we pay on the national debt, and having assets on the balance sheet help keep interest rates low for the future
We need austerity, but austerity alone can’t get us out of this hole
We need austerity, but austerity alone can’t get us out of this hole
This post was edited on 8/25/25 at 9:07 am
Posted on 8/25/25 at 9:09 am to GeauxBurrow312
Diving deeper into the plans.
- makes the government less dependent on issuing Treasury debt to raise money.
- The executive order says the fund’s purpose is to “promote fiscal sustainability, lessen the burden of taxes on American families and small businesses, establish economic security for future generations, and promote United States economic and strategic leadership internationally.”
- makes the government less dependent on issuing Treasury debt to raise money.
- The executive order says the fund’s purpose is to “promote fiscal sustainability, lessen the burden of taxes on American families and small businesses, establish economic security for future generations, and promote United States economic and strategic leadership internationally.”
Posted on 8/25/25 at 9:10 am to Jjdoc
quote:
He is doing this to create a sovereign wealth fund.
Can't get more free market than that
Posted on 8/25/25 at 9:12 am to Jjdoc
quote:
- makes the government less dependent on issuing Treasury debt to raise money.
One of the most prominant countries with a sovereign wealth fund is Norway, who's government owns 70% of the stock market.
This is literally a push toward collective ownership.
This post was edited on 8/25/25 at 9:12 am
Posted on 8/25/25 at 9:14 am to GeauxBurrow312
Noted socialist Bernie Sanders approves this strategy.
My wish list for future nationalization:
Tesla/Space X
Boeing
Exxon
PF Changs
Walmart
Zatarains
Reuters
My wish list for future nationalization:
Tesla/Space X
Boeing
Exxon
PF Changs
Walmart
Zatarains
quote:
Liberal U.S. Senator Bernie Sanders on Wednesday threw his support behind President Donald Trump's plan to convert U.S. grants to chipmakers, including $10.9 billion for Intel, into government stakes in the companies.
Reuters
Posted on 8/25/25 at 9:15 am to Jjdoc
This is one time he is just plain dead wrong.
Posted on 8/25/25 at 9:16 am to ned nederlander
quote:
Noted socialist Bernie Sanders approves this strategy.
Indeed. He's been proposing similar for years.
Posted on 8/25/25 at 9:18 am to Jjdoc
quote:
He is doing this to create a sovereign wealth fund.
you mis-spelled socialism.
Posted on 8/25/25 at 9:19 am to Taxing Authority
Trump will get Socialism right though.
This post was edited on 8/25/25 at 9:21 am
Posted on 8/25/25 at 9:32 am to roadGator
quote:It will be different this time!
Trump will get Socialism right though.
Posted on 8/25/25 at 9:37 am to ned nederlander
quote:
My wish list for future nationalization:
Tesla/Space X
Boeing
Exxon
PF Changs
Walmart
Zatarains
As if crawfish season isn't pricey enough.
Posted on 8/25/25 at 9:40 am to ned nederlander
quote:
including $10.9 billion for Intel, into government stakes in the companies
It sounds like many of you would prefer we subsidize companies and get nothing in return
Bullying companies like intel, who suck off the tit of the taxpayer, into having to give up equity is a good way to de-incentivize pork spending. Instead of just lobbying costs, there are now dilutive costs to getting government money
Posted on 8/25/25 at 10:42 am to RogerTheShrubber
Trump is copying the China model imo. I wouldn't call that socialism
This is just more of "too big to fail" bullshite that supposed free market companies that use their market position to be greedy af to consumers ....
but come running to the government for handouts and welfare when they need it
How in the hell are watchdogs and regulators expected to faithfully watch Intel when the fed govt is financially benefits from pushing through any mergers or applications?
"But we need Intel for national security!" Fukk em
This is just more of "too big to fail" bullshite that supposed free market companies that use their market position to be greedy af to consumers ....
but come running to the government for handouts and welfare when they need it
How in the hell are watchdogs and regulators expected to faithfully watch Intel when the fed govt is financially benefits from pushing through any mergers or applications?
"But we need Intel for national security!" Fukk em
This post was edited on 8/25/25 at 10:45 am
Posted on 8/25/25 at 10:46 am to GeauxBurrow312
quote:
It sounds like many of you would prefer we subsidize companies and get nothing in return
Bullying companies like intel, who suck off the tit of the taxpayer, into having to give up equity is a good way to de-incentivize pork spending. Instead of just lobbying costs, there are now dilutive costs to getting government money
Exactly. Stop taking my tax dollars to subsidize the companies who are screwing over the AMERICAN workers by outsourcing jobs.
Now, I 100% understand the concern due to future leadership in this nation. AND THAT is where we, as the AMERICAN CITIZEN, has to step up and vote and be loud. Anything the Federal Gov does can be amplified for bad things.
Posted on 8/25/25 at 11:00 am to BCreed1
Yep. My preference is no subsidy at all
But people whining about Trump securing 10% of intel for $10b that the prior administration was going to give them for free, is insane
But people whining about Trump securing 10% of intel for $10b that the prior administration was going to give them for free, is insane
Posted on 8/25/25 at 11:01 am to roadGator
And he will be cheered on by people who previously decried government picking winners and losers like Solyndra.
Just wait until the government says it wants an active voting participation on the boards.....yeah, that just won't happen.....right?
Just wait until the government says it wants an active voting participation on the boards.....yeah, that just won't happen.....right?
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