Inside the World’s Largest Sovereign Wealth Fund
Fascinating. I’m curious if the US has ever considered something like this?
I think Alaska Permanent Fund may come closest?
Yes, good point!
Although other point I should have mentioned e.g. in the note about why UK doesn't have a fund, is that Norway doesn't have that many people in it. Pop is 5.5m and in 1970 it was 3.9m. So the money goes a lot further!
Isn’t social security kind of like this?
Difference is that it is designated to be used up at a certain rate
But similarity is that it’s a state managed huge pot of money. I’m not sure what social security is invested in, so that may be another difference.
Fascinating. I’m curious if the US has ever considered something like this?
I think Alaska Permanent Fund may come closest?
Yes, good point!
Although other point I should have mentioned e.g. in the note about why UK doesn't have a fund, is that Norway doesn't have that many people in it. Pop is 5.5m and in 1970 it was 3.9m. So the money goes a lot further!
Isn’t social security kind of like this?
Difference is that it is designated to be used up at a certain rate
But similarity is that it’s a state managed huge pot of money. I’m not sure what social security is invested in, so that may be another difference.