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Trump orders creation of US sovereign wealth fund, says it could own part of TikTok
Posted on 2/3/25 at 2:15 pm
Posted on 2/3/25 at 2:15 pm
https://apnews.com/article/trump-tiktok-wealth-fund-saudi-arabia-b71c92cb0deb1eb39352cd1cd4db4b98
"It won't be long now until Congress no longer has control of the purse, and all the money is in Trumps pocket." - Reddit
quote:
Trump signed an order on his first day office to grant TikTok until early April to find an approved partner or buyer, but he’s said he’s looking for the U.S. to take a 50% stake in the massive social media platform. He said Monday in the Oval Office that TikTok, which is owned by China-based ByteDance, was an example of what he could put in a new U.S. sovereign wealth fund.
"It won't be long now until Congress no longer has control of the purse, and all the money is in Trumps pocket." - Reddit
20
Posted on 2/3/25 at 2:16 pm to finchmeister08
Trump signed executive order 13818- Blocking the Property of persons involved in serious human rights abuse or corruption in December 20, 2017.
Would be a shame if they funded a sovereign wealth fund while they criminally prosecute these filth.
Would be a shame if they funded a sovereign wealth fund while they criminally prosecute these filth.
This post was edited on 2/3/25 at 2:21 pm
Posted on 2/3/25 at 2:18 pm to finchmeister08
quote:
"It won't be long now until Congress no longer has control of the purse, and all the money is in Trumps pocket." - Reddit
Maybe they should have passed a budget in the last decade then.
Posted on 2/3/25 at 2:20 pm to finchmeister08
C'mon, fellow small government conservatives!!
Let's all cheer the federal government owning stock in publicly traded corporations!!
Let's all cheer the federal government owning stock in publicly traded corporations!!
Posted on 2/3/25 at 2:20 pm to finchmeister08
This is the problem with populism. The government owning enterprises is socialism. And why would a country in $37 trillion of debt start a sovereign wealth fund? Any excess dollars should retire debt, and we don’t have any excess dollars.
Posted on 2/3/25 at 2:20 pm to finchmeister08
I’m okay with this if it keeps the technology and data out of China.
Maybe this is the right way to improve how we handle mineral rights on federal lands too? I’d like to incentivize exploration even under more progressive regimes.
Maybe this is the right way to improve how we handle mineral rights on federal lands too? I’d like to incentivize exploration even under more progressive regimes.
This post was edited on 2/3/25 at 2:25 pm
Posted on 2/3/25 at 2:21 pm to LSURussian
quote:
LSURussian
Tracksuit Bro Volodymyr could use you on the frontlines, comrade.
Posted on 2/3/25 at 2:21 pm to finchmeister08
I think majority state ownership of corporations in critical industries is exactly how you put a thumb on the scale in favor of the state's interests over the interests of the private shareholder's need for quarterly growth. Not saying the two would exist in opposition but the desire for growth is how you see great American corporations outsourcing all their core competencies to other countries.
Posted on 2/3/25 at 2:23 pm to LSURussian
quote:
C'mon, fellow small government conservatives!!
Neither Trump nor most of his active supporters claim to be that.
He’s attracted that audience because they didn’t have another viable option. Those types tend to passively support him though. A lot of them like DOGE.
DOGE gets them excited despite Trump’s broader policy framework being over the place.
This post was edited on 2/3/25 at 2:26 pm
Posted on 2/3/25 at 2:26 pm to finchmeister08
What part of the COTUS is this found under?
Posted on 2/3/25 at 2:28 pm to LSURussian
quote:
C'mon, fellow small government conservatives!! Let's all cheer the federal government owning stock in publicly traded corporations!!
I don’t want the federal government owning private companies.
Posted on 2/3/25 at 2:28 pm to finchmeister08
I love it,
A sovereign wealth fund while we are running 1-2 trilion defecits.
A sovereign wealth fund while we are running 1-2 trilion defecits.
Posted on 2/3/25 at 2:30 pm to moneyg
quote:Neither do I.
I don’t want the federal government owning private companies.
Posted on 2/3/25 at 2:31 pm to LSURussian
quote:
Neither do I.
I realize that.
Posted on 2/3/25 at 2:32 pm to finchmeister08
quote:
he’s said he’s looking for the U.S. to take a 50% stake in the massive social media platform.
Uhm... no. The government should in no way own any percentage of any social media platform. Ever. We saw the problem with the government using its influence on social media it didn't have an ownership stake in.
Hard pass.
Posted on 2/3/25 at 2:35 pm to member12
Small government conservatism in the executive hasn't really existed since Hoover.
Eisenhower and Nixon essentially accepted the Keynesian economic consensus.
Reagan and the two Bushes were both big defenses spenders who cut taxes without the drop in spending to match it.
Trump was basically the same as the prior 3 GOP presidents except he did have an out-of-band crisis that required an almost Keynesian response during COVID.
Eisenhower and Nixon essentially accepted the Keynesian economic consensus.
Reagan and the two Bushes were both big defenses spenders who cut taxes without the drop in spending to match it.
Trump was basically the same as the prior 3 GOP presidents except he did have an out-of-band crisis that required an almost Keynesian response during COVID.
Posted on 2/3/25 at 2:36 pm to finchmeister08
quote:
U.S. to take a 50% stake
This is beyond stupid
Posted on 2/3/25 at 2:36 pm to Diego Ricardo
quote:I don't know about majority, but it seems clear the US taxpayer should participate. It should have happened with Tesla back in the day. Absolutely, the US taxpayer should have gotten warrants/options/upside in the equity. Even 10% would have been noticeable.
I think majority state ownership of corporations in critical industries is exactly how you put a thumb on the scale in favor of the state's interests over the interests of the private shareholder's need for quarterly growth. Not saying the two would exist in opposition but the desire for growth is how you see great American corporations outsourcing all their core competencies to other countries.
Posted on 2/3/25 at 2:37 pm to Bard
quote:I'm absolutely OK with taxpayers having passive upside.
Uhm... no. The government should in no way own any percentage of any social media platform. Ever. We saw the problem with the government using its influence on social media it didn't have an ownership stake in.
Hard pass.
Posted on 2/3/25 at 2:38 pm to finchmeister08
quote:
he’s said he’s looking for the U.S. to take a 50% stake in the massive social media platform.
Ah, socialism. Founding Fathers rolling in their graves.
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