Reply to It's (finally) time for reparations. It's time for the US to pay its debt.

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Reply to "It's (finally) time for reparations. It's time for the US to pay its debt. "

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[quote=Anonymous][quote=Anonymous]Instead of being defeatist about the sovereign fund idea, take a look at what it’s done for the Norwegian people in just the 30 years since its founding:

[url]https://www.nbim.no[/url]

Hint: it’s the largest fund of its kind in the world and starting from zero in 1996 now worth in the trillions ( 60 percent of which is return on investment and 40 percent the actual annual fund collection

They seem to be managing it  just fine.

The point is: it creates inter generational wealth and a well capitalized interest group

The Native Americans I believe negotiated for rights to Casinois small [/quote]
The Norwegian Sovereign Wealth Fund is paid out of oil revenues and it is for all Norwegians.  It's not any form of reparation, it is not limited to one specific group, it is owned by the government, and I believe it pats for pensions.

Also, what you are describing is not a sovereign wealth fund because it is not owned by a sovereign.

"Defeatist?"  Why do you assume getting whatever you propose is a victory and therefore dismiss objections as "defeatism."  That's a good way to lock yourself in an echo chamber.[/quote]

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