Lets take 30% of the balance of SMSFs and put it into a sovereign wealth fund.
The fund could be administered by Public servants who understand Best Practice investing. We could put ex union bosses on the board to ensure best Practice corporate governance.
The fund could then be used to fund initiatives with strong "triple bottom line" merit. We could save Holden and Ford who could produce green cars while paying good wages to employees on the Best Practice conditions of the Public Service.
We could also invest in Green Jobs to replace our mining industry so we no longer have to prop it up with subsidies.
