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Reply to "Should 401ks be phased out? "
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[quote=Anonymous]I don't understand why the US simply doesn't have a sovereign wealth fund that would be on top of social security. Have everyone have vested interest in the financial health of this country's economy. It can be paid out in lump sums per year or whatever. Norway already has a trillion+ dollar sovereign wealth fund that gives each one of their residents something like $100k. Alaska has a wealth fund for its residents already. Why not just make it for the whole country? [/quote]
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