Nir Kiser: The establishment of a Sovereign Wealth Fund for the United States

The United States must have an investment fund or a sovereign wealth fund if you also like it, and set up clear rules for financing the government for businesses. This could start by investing the Trump administration of $ 11.1 billion in Intel. Many people did not like a draft prite: the government’s intervention in the business sector. But the United States has always funded new projects and helped businesses during crises; And you will keep going. The question is therefore not whether the government should invest in companies, but how it can do with more justice and transparency in favor of all taxpayers without prejudice for the live US private sector. An opportunity to regulate the government’s investment with the Trump administration’s relentless pursuit of transactions. The time is now ready to set preventative obstacles to achieve these goals; These are guarantees that have been expanded on the former government investment in the business sector, and are still. After the “Intel” agreement, the US defense companies on the Trump administration -Radar would create a national fund to address two defects in the traditional government approach that was not organized to invest in the business sector. One is the cycle of social losses and the summary profits due to government homes for the private sector, the last of which is during the financial crisis in 2008 and the kofid pandemic. The billing tax payers carry while business owners make a profit, not to talk that ordinary Americans rarely get similar support if they need it. There is another relevant obstacle, namely that the government’s investment in research and development often produces new technologies that generate a wealth of business owners, but it excludes the workers who have contributed to their tax money to take care of these new innovations; It is that the state of its movement is slower, but it is more likely that it is worse than loading the community. Faving artificial intelligence taxpayers? Artificial intelligence (and has partially enabled government financing) the most valuable US businesses in the world. It will also soon bring about a radical change in large sectors of the workforce, from retail and drive participation to banking, legislation and consultation. I used ‘Waymo’ in San Francisco on a modern trip, and I don’t doubt that automatic taxis will dominate the passenger participation market within a few years. With the time of time, this automation will reduce the costs and the profits of the shareholders of the company “Alphabet”, which work “Wimo”, as well as passenger participation businesses, Uber technologies and “body”, while millions of managers will lose their livelihoods. We have not yet treated how to help homeless workers temporarily or always because of the new technology. The time of free support is over in the United States, the presence of a government investment fund will help both sectors as it can invest in new research and technologies, and save companies, where necessary in exchange for a share in those businesses, allowing taxpayers to participate in their success. The fund can also distribute revenue or profits from these investments to the workers who are disrupted due to the new or temporary technology or temporary during crises. Companies were worth investing the government if the United States had an investment fund like this, it would already have shares in various antique US businesses. These businesses will include banks such as “Goldman Sachs”, “Morgan Stanley” and the “Ford Motor” car businesses and “General Motors”, which received savings during the financial crisis. It will also include almost the entire aviation sector that the government saved during the pandemic. These may even include interests in the “Tesla” business and “Space Exploren Technology”, known as “SpaceX”, as their origin is based on government contracts, support and tax emissions. The value of these two companies grew much greater than when the government expanded a helping hand to them, but unfortunately the taxpayers did not benefit from their growth. The creation of a national fund will change this situation. The fund will also pose some clear risks, especially the abuse of capital and government interference in free projects. To alleviate these risks, the fund must be managed by an independent board assigned to award capital based on commercial merit instead of changing political trends. The president must nominate this council, which must be approved by the Senate for a specific period, and it can only be rejected for specific reasons. The fund must be subject to independent auditing, and regular reports are submitted to the taxpayers. Support as a silent partner, as the fund’s investment must be limited to the part of profits, so that the government is a quiet and negative participant who cannot exercise or influence businesses. For more deterrent to intervene, companies should have the option to re -take the government’s share in the part of profits after a period and at a price that compensates sufficient taxpayers. The White House transactions do not seem to include these obstacles; This is not the share of 15% of the revenue of the company “Invandia and” Advanz Micro Device “for artificial intelligence chips to China, nor does the” Golden Class “of” Nippon Steel “, which can allow President Trump to practice great control over the company” United Stones “, which is attached to Nippon. A precedent for the seizure of the assets, it seems that they have a generation of workers, and led to the rise of populist movements such as the Tea Party and the ‘Occuped Wall Street’, which conquered the political polarization we support today.