During a speech at the Economic Club of New York, Donald Trump discussed his plans to establish a sovereign wealth fund and invest in infrastructure. The former president highlighted the importance of these initiatives for economic growth and job creation. Trump’s proposal for a sovereign wealth fund aims to leverage private sector investments to support various projects, such as transportation, energy, and telecommunications. He emphasized that this approach would not only stimulate economic development but also reduce the burden on taxpayers. Additionally, Trump expressed his belief that infrastructure investments are crucial for maintaining America’s global competitiveness and ensuring a prosperous future for its citizens.
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20 comments
@user-lb4yx1ms5f
Where the money is going to come from, issuing more US Treasury bonds to fund a Sovereign Wealth Fund? Study how those countries with large Sovereign Wealth fund gets their money to create a wealth fund, they save and squirrel their surpluses that they earned and put aside and invest in their fund. They do this with great discipline and consistency, they do not incur large debt, therefore it is too late and almost impossible to the US to create a federal government sovereign wealth fund. Maybe the private companies in America has the capacity to do so, but certainly not the US federal government, it is at best a piped dream to trick the voters.
@user-vi4xj4fe6t
You do not have to prep for a debated when all you do is lie and the sharks will not called Trump out on his lies but we better believed the sharks are going to attacked Harris for telling the truth or if she changed her mind on anything. But just like Trump base stand by him her base is not going nowhere because we do not want to lived under project 2025 with Steven Bannon, Newt, Putin, Greene and many more racists trying to tell us how to live and what God to worshipped.
@FrankBurnham
Yes!!!! Yes!!!! Yes!!!! Yes!!!! America Forever! Let's do it.
Meritocracy. Earn it.
@kevinwithers6083
It's a good idea but the minute your out of office the Demon-Rat party and the RINOs will put it in their own pockets..
@karlkessler6017
You have to have sovereign wealth before you can have a sovereign wealth fund.
@rockfordfiles5451
Wow…great idea
@jjm4341
Sept 6 (Reuters) – More than 90 company executives, including the chief executives of Yelp and Chobani as well as the former CEOs of PepsiCo, Ford Motor Co and Yahoo!, endorsed U.S. Vice President Kamala Harris for the presidency in a letter released on Friday.
Separately, more than 100 current and retired law enforcement officials also backed Harris in her contest against Republican former President Donald Trump ahead of the Nov. 5 presidential election. They cited her experience as a prosecutor and her commitment to curb gun violence.
@smirg1591
This guy only wants to enrich himself and his sycophants. Tariffs will worsen inflation and increase the cost of goods for consumers. Why trust a rich businessman who’s bankrupt many of his businesses, tanking his own stock, and is a convicted felon for business fraud. Trump has no credibility on strengthening the economy. What a joke!
@morningglory8841
Biden already did infrastructure ,Donald Trump doesn’t know what he’s talking about .
@bombheadgames9565
This is exactly what Putin did .. He is now burning through the wealth fund spending it on invading its neighbor.
@connorg712sanderson
Stark contrast for the wellbeing of American compared to the characters we have now…
@eanerickson8915
Save more than you spend.
@eanerickson8915
Why? 2 trillion deficit?
@sumitomoO0O
Trump will use the wealth fund to legally make certain interest groups wealthier, for example he will make the fund invest in bitcoin and bitcoin will hit $10mil. USD will take a hit because wealth fund will use printed money, inflation will shoot up and only asset holders will benefit
@user-hv9cw8sc4t
Teddy
@BoecifusJones24
His tax cuts never delivered the promised growth. His budget deficits surged and then stayed relatively high under Biden. His tariffs and trade deals never brought back all of the lost factory jobs.
And there was the pandemic, an event that caused historic job losses for which Trump accepts no responsibility as well as low inflation — for which Trump takes full credit.
Trump assured the public in 2017 that the U.S. economy with his tax cuts would grow at “3%,” but he added, “I think it could go to 4, 5, and maybe even 6%, ultimately.”
If the 2020 pandemic is excluded, growth after inflation averaged 2.67% under Trump, according to figures from the Bureau of Economic Analysis. Include the pandemic-induced recession and that average drops to an anemic 1.45%.
Several bankruptcies, forbidden from running a charity because he took the money that was to go to kids with cancer, several sexual assaults and 32 counts of fraud,.. but yeah, give him your money. 😂😂😂😂
@mhxxd4
We can have a wealth fund if we're in a surplus instead of a deficit each year. Would love for us to achieve that
@ELCipote
And he’d run it just like his charity, I’m sure
@gerardshpunt8327
The first question to ask what’s in it for Traitorous Trump otherwise he’s not interested
@morningglory8841
He’s nuts !!!!!!!!