Just to be clear, you are not planning on outlawing private ownership of land, stocks, or bonds. You just want the government to
- tax the private sector and use the proceeds to purchase stocks
- sell bonds to the private sector and use the proceeds to purchase stocks.
In which case:
- how big do you want this fund to be, as a percentage of all assets? If the goal is to own 100% of certain asset classes, can you specify which assets?
- How would the existence of such a fund improve people’s lives over and above selling bonds and/or raising taxes and providing government services and/or cash to households directly?
If I am misunderstanding, and the goal is eventually to ban private ownership of capital and have 100% be in the sovereign wealth fund, can you fill in how that last step is planned?