Amidst campaign discord, a bipartisan idea is emerging: America can set aside taxpayer dollars for special projects and brand it a national "wealth fund" to help improve public perception of the national debt and deficit spending.
Speaking at the Economic Club of New York last Thursday, former President Donald Trump asked, "Why don't we have a sovereign wealth fund? Other countries have wealth funds. We have nothing." He suggested that this new account would be capitalized with "tremendous amounts of money" that the federal government would take in by imposing tariffs and "other intelligent things," and that the United States would have the "greatest sovereign wealth fund of them all." How big might it be? Trump did not specify, but said he would consult with billionaire hedge fund manager and adviser John Paulson. In a separate interview, Paulson said, "it would be great to see America join this party and, instead of having debt, have savings."
