Sovereign Wealth Fund

[james22]

Just now, sholland said:

The government owns warrants for 79.9% of Fannie Mae and Freddie Mac which Ackman estimates could be worth $300B over time.

 

Good thinking.

[james22]

Wait until they invest Social Security trust funds into it.

[james22]

1 hour ago, dwy000 said:

I think it's a really interesting idea as long as it's managed completely independently.

 

Eff that.

 

 

[james22]

 

[Buckeye]

1 hour ago, Blake Hampton said:

Weren't these the same people talking about how the governmental bureaucracy is stupid and inefficient?

Hahahaha. That’s pretty funny! 

[james22]

1 hour ago, dwy000 said:

The real question is where's the money going to come from? 

 

From the sale of Federal land, for one?

[Blake Hampton]

1 hour ago, Gregmal said:

Your cash on one side, betting against the hourglass, waiting for sovereign nations that can print their own cash…. to leave the game so you can get your 13.5x EPS number….good luck with that. 

 

You know what Greg, I'm starting to think you might just be right.

[Spekulatius]

18 minutes ago, james22 said:

 

From the sale of Federal land, for one?

Why sell federal land? They could create a monster TPL from it. An irreplaceable asset that ever goes out of style and going to beat inflation.

Edited February 4, 2025 by Spekulatius

[dwy000]

30 minutes ago, james22 said:

 

From the sale of Federal land, for one?

All of this stuff, if sold, would be spent immediately. Most SWF's are from trade surpluses or budget surpluses.  That's why they are heavily weighted to oil rich nations.  

 

This idea that TikTok would go into it - where is the money to buy TikTok coming from to put it into the fund?  It's not like Bytedance is just going to hand over the company when they could sell it. And every week that goes by with it off the app stores reduces value. 

[dwy000]

38 minutes ago, james22 said:

 

Chamath is despised.  He makes Vivek look loved and appreciated. 

[Gregmal]

I do think a wealth fund makes FNF release much more likely. 

[james22]

Taxing remittances?

[RichardGibbons]

3 hours ago, Blake Hampton said:

 

 

The funny thing about this chart is that it seems to detract from your "overvalued market" thesis rather than supporting it.  Like, it basically says the market's valuation is average, except for tech and financials. And tech, considering its size, is growing insanely quickly with super-high margins right when the world gets transformed by the creation of AI.

 

In fact, it feels like it undersells the positive impact of AI on non-tech companies, if they're only trading at average valuations. So it suggest that the broader market is average to cheap.

[sleepydragon]

Where the money come from? Perhaps from selling the stakes of fannie mae?

 

also, they can mark up all the gold bars Fed owns and put them in it?

[dwy000]

1 hour ago, james22 said:

Taxing remittances?

What remittances?  

[james22]

3 minutes ago, dwy000 said:

What remittances?  

 

The many billions sent by migrant workers in the US back to their home country.

[dwy000]

Just now, james22 said:

 

The many billions sent by migrant workers in the US back to their home country.

You want to tax foreign wire transfers??

[james22]

1 minute ago, dwy000 said:

You want to tax foreign wire transfers??

 

It's the same logic as TikTok (above): if the US allows you to make money, it should benefit from it.

[LC]

The conflict of freaking interest here is massive. I wouldn't want Elon touching our nation's money. Dude's #1 skill is promotion, same with Stumpy. Fine if it's private money but get outta here with public funds.

[dwy000]

1 minute ago, james22 said:

 

It's the same logic as TikTok (above): if the US allows you to make money, it should benefit from it.

They do. It's called income taxes. 

[Gregmal]

11 minutes ago, james22 said:

 

The many billions sent by migrant workers in the US back to their home country.

That sounds like…capital controls lol 

[cubsfan]

3 minutes ago, james22 said:

 

It's the same logic as TikTok (above): if the US allows you to make money, it should benefit from it.

 

Might as well, the black market in California is huge. The illegals don't pay taxes.

[Xerxes]

I meant to post this few months ago and create a dedicated thread on sovereign funds. Forgot. I guess this thread is a good home for it. 
 

 

[Gregmal]

10 minutes ago, cubsfan said:

 

Might as well, the black market in California is huge. The illegals don't pay taxes.

I honestly think it would be much more effective to make earnings between $40k-$250k tax free. Above and below that, tax it. Above you don’t need it all and below you need an incentive to work harder cuz it’s not hard to make $40k. Let people at least have a shot at working their way into some prosperity. The current scam system basically keeps everyone middle class stuck.

[dwy000]

3 minutes ago, Gregmal said:

I honestly think it would be much more effective to make earnings between $40k-$250k tax free. Above and below that, tax it. Above you don’t need it all and below you need an incentive to work harder cuz it’s not hard to make $40k. Let people at least have a shot at working their way into some prosperity. The current scam system basically keeps everyone middle class stuck.

Marc Rowan (CEO of Apollo) has great views on fixing taxes and reducing deficits at same time. It's pretty smart view.