boem@lemmy.world to Technology@lemmy.worldEnglish · 8 months agoTech Titans Are the Robber Barons of Our Gilded Agejacobin.comexternal-linkmessage-square24fedilinkarrow-up156arrow-down13
arrow-up153arrow-down1external-linkTech Titans Are the Robber Barons of Our Gilded Agejacobin.comboem@lemmy.world to Technology@lemmy.worldEnglish · 8 months agomessage-square24fedilink
minus-squarePhlubbaDubba@lemm.eelinkfedilinkEnglisharrow-up1·8 months agoPersonally I think the surplus revenue should actually be set aside at first. Turn it into a national sovereign wealth fund to use as a way to patch over lean times in the budget or to dip into during a recession or depression.
minus-squarerottingleaf@lemmy.ziplinkfedilinkEnglisharrow-up0·8 months agoWith so many people interested on embezzling or at least “using” it, which constitutional mechanism is going to ensure that doesn’t happen?
minus-squarePhlubbaDubba@lemm.eelinkfedilinkEnglisharrow-up1·8 months agoI’d just put it in the control of the Fed with a requirement of providing reports of performing their duty as a fiduciary controlling it. Plus being able to quickly make use of it in an emergency would allow the Fed to be alot more dynamic on monetary policy where needed.
Personally I think the surplus revenue should actually be set aside at first.
Turn it into a national sovereign wealth fund to use as a way to patch over lean times in the budget or to dip into during a recession or depression.
With so many people interested on embezzling or at least “using” it, which constitutional mechanism is going to ensure that doesn’t happen?
I’d just put it in the control of the Fed with a requirement of providing reports of performing their duty as a fiduciary controlling it.
Plus being able to quickly make use of it in an emergency would allow the Fed to be alot more dynamic on monetary policy where needed.