making the case for a sovereign wealth fund , page-7

Sovereign Wealth Funds,

The Dopiest Of All Ideas!

Governments are the worst custodians of money and thus wealth.

Fair taxing is the only option for efficient use and perpetuation of prosperity.

Leave the wealth creation to those best equipped (ie the people) and taxing and spending to Governments.

Governments generally speaking but not always attract people that win popularity contests not people that are motivated to wealth creation.

SWF are just more of the following quote:

"......the frustrated egotism of intellectuals who burn to tell lesser people how to live."

MI