Not great when these operations are carried out by the executive branch imho.
Too politicized, too corruption prone, too volatile, too personal. Questionable benefits for taxpayers, on taxpayers money. This isn't a videogame.
In general, I really dislike how much budget and power the executive in US has, it's scary, and unstable. One president sets some goals, then the following one undoes everything.
But that's a flaw of presidential republics in general, not US in particular. Kinda prefer systems like the British, German or Italian one, sure, governments last less, but you're one vote of confidence away from having to resign. Whereas this personification of power in a single person like in US/Russia/Hungary/etc without having to depend on votes and coalitions is a danger for democracy.
From the article, if you want to be able to build rockets, planes and jets to defend your country and freedom... I'd say yes, the public will benefit from it. It appears this wealth fund is mainly protecting our interests in rare earths and critical minerals.
Not great when these operations are carried out by the executive branch imho.
Too politicized, too corruption prone, too volatile, too personal. Questionable benefits for taxpayers, on taxpayers money. This isn't a videogame.
In general, I really dislike how much budget and power the executive in US has, it's scary, and unstable. One president sets some goals, then the following one undoes everything.
But that's a flaw of presidential republics in general, not US in particular. Kinda prefer systems like the British, German or Italian one, sure, governments last less, but you're one vote of confidence away from having to resign. Whereas this personification of power in a single person like in US/Russia/Hungary/etc without having to depend on votes and coalitions is a danger for democracy.
Do taxpayers even benefit from any of this?
From the article, if you want to be able to build rockets, planes and jets to defend your country and freedom... I'd say yes, the public will benefit from it. It appears this wealth fund is mainly protecting our interests in rare earths and critical minerals.
It does until Donald Trump leaves office with it and makes it part of his "library".