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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Halls of Shrewd'm / US Policy
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Author: commonone   😊 😞
Number: of 84364 
Subject: Musk Banker for Sovereign Wealth Fund
Date: 03/05/25 5:04 PM
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No. of Recommendations: 19
Michael Grimes, a former Morgan Stanley banker who is known for advising Elon Musk on his $44 billion takeover of Twitter, is expected to lead the new US sovereign wealth fund financed by tariffs imposed on foreign countries.

Of course there is no US sovereign wealth fund and King Donald does not have the power to create such a fund... or redirect revenue into it... or appoint anyone to run it from an office that was not created by law.

King Donald cannot levy taxes... and cannot spend money from tariffs on cybercurrency. He does not have the power of the purse nor of taxation.

We're quickly moving from unconstitutional to anti-constitutional lawlessness, a state that a spineless legislature and a compliant supreme court seem eager to embrace with open arms.

capitalbrief.com - Ex morgan stanley musk banker in talks to lead trumps US wealth fund says reuters
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This community has written 84,309 posts about US Policy. The article-length ones it recommended most:
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