During a speech at the Economic Club of New York, Donald Trump proposed establishing a sovereign wealth fund for the U.S., arguing that the country lacks such an investment arm.
Trump emphasized the fund's role in investing in 'great national endeavors for the benefit of all of the American people,' suggesting it would help compete with foreign sovereign wealth funds.
Historically, sovereign wealth funds have emerged during times of budget surpluses, often linked to oil revenue, drawing inspiration from successful cases like Kuwait and Norway.
The U.S. has a precedent in Alaska’s fund, created in 1976 from oil revenues, which has provided annual payouts to residents, highlighting the potential success of such initiatives.
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