I'd put a small excise tax of 1-1.5 % tax on resource exports to increase the fund annually by 15 - 25 billion. Want a continuing stream of infrastrucure build outs. Leverage this though private investments 5:1 and a lot of the burden on governments for infastructure plays is lifted. Like a phoenix rising Canada will be the envy of the world. Canada Strong.
When you write "most people heard Government throwing billions around again.” I suggest you qualify this statement because most intelligent people heard PM Carney loud and clear. We get it!
However, there are certain un-intelligent people— like Piffleswipe Poilievre and cronies— who barely know how to find Norway on a map much less comprehend what a sovereign wealth fund is.
So, fortunately, they can bloviate all they want to and make asses of themselves. Poilievre will never lead this country, thank goodness, and his henchpeople will be left in the fallout of his imminent demise because smart Canadians don't suffer fools gladly, particularly where our bank accounts are concerned. ❤️🇨🇦
New Mexico is one of the poorest states in the US but has statewide pre-K school for free. The state set up an account using monies from an existing pool of money created from revenue gathered from oil and gas taxes. Interest from this account pays the lion's share of the preschool expenses. New Mexico is investing in its future via New Mexico’s Early Childhood Trust Fund. https://albuquerque.com/universal-child-care-in-new-mexico/
And although we don’t have. Huge pot of money to invest, we do have some, and I’ll be talking to our Advisor about an investment in the fund for ourselves!
Me too. I'm not a multi-millionaires but I do have some cash in my portfolio after I sold all my US holdings in 2025. I look forward to learn more about this fund.
I'd put a small excise tax of 1-1.5 % tax on resource exports to increase the fund annually by 15 - 25 billion. Want a continuing stream of infrastrucure build outs. Leverage this though private investments 5:1 and a lot of the burden on governments for infastructure plays is lifted. Like a phoenix rising Canada will be the envy of the world. Canada Strong.
It's time we owned our own resources and infrastructure. $25 Billion seems like a drop in the bucket to get started.
When you write "most people heard Government throwing billions around again.” I suggest you qualify this statement because most intelligent people heard PM Carney loud and clear. We get it!
However, there are certain un-intelligent people— like Piffleswipe Poilievre and cronies— who barely know how to find Norway on a map much less comprehend what a sovereign wealth fund is.
So, fortunately, they can bloviate all they want to and make asses of themselves. Poilievre will never lead this country, thank goodness, and his henchpeople will be left in the fallout of his imminent demise because smart Canadians don't suffer fools gladly, particularly where our bank accounts are concerned. ❤️🇨🇦
Great post Fred! Simplified to a point that everyone should understand. Some of us will still be explaining it to some....
New Mexico is one of the poorest states in the US but has statewide pre-K school for free. The state set up an account using monies from an existing pool of money created from revenue gathered from oil and gas taxes. Interest from this account pays the lion's share of the preschool expenses. New Mexico is investing in its future via New Mexico’s Early Childhood Trust Fund. https://albuquerque.com/universal-child-care-in-new-mexico/
When they set this up, I hope there's a clause that prohibits governments from tinkering or selling it off. Thinking of Petro Canada fiasco.
And although we don’t have. Huge pot of money to invest, we do have some, and I’ll be talking to our Advisor about an investment in the fund for ourselves!
Me too. I'm not a multi-millionaires but I do have some cash in my portfolio after I sold all my US holdings in 2025. I look forward to learn more about this fund.
Albo and Chalmers take note PLEASE!!!