The writer is a longtime Silicon Valley investor
President Donald Trump, who dug a deep hole for the US with his tariffs, could now be about to make it even deeper with the creation of a sovereign wealth fund. It’s a proposal born of envy rather than sense.
The US president, who has made no secret of his desire to mimic the Bastille Day military parade or of sprucing up a Qatari 747 so that he can have a new Airforce One decked out with his own paint scheme, now wants to form a fund worthy of a Middle Eastern potentate.
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