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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (1062597)

3/26/2018 7:34:54 PM

From: koan

Read Replies (2) | Respond to of 1574490

But that is the point the liberal government put together a sovereign wealth fund. Conservatives call that socialism and hate big government programs which it is just like Alaska.

Even if your argument held water what about Denmark, Sweden, finland, Iceland, New Zealand, Canada,Australia, Japan, etc?

And the size has nothing to do with it. They are intellectually very progressive. We are big, but very rich country and the pubs don't like progressive government. You say socialism is a huge evil and then when it is working make up reasons why socialism doesn't matter. Make up your mind. Why isn't your socialism destroying Norway?

Texas could have had a sovereign wealth fund worth trillions by now, or Oklahoma.

I was involved in putting Alaska's sovereign wealth fund together and we dems had to fight the Republicans in a blood in the street fight to get it.

Remember pubs do not like big government programs. And sovereign wealth funds are huge government programs.

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Norway is not successful because they have socialism. They are successful because they have a huge amount of oil and are a tiny country. They have a $1 trillion sovereign wealth fund to manage an economy with 5 million people in it. In short, it's an accident of location that has made them wealthy and they have so few people that it is sustainable. They are not that different than Dubai. To whit: