this post was submitted on 02 Jun 2026
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[โ€“] mycodesucks@lemmy.world 27 points 6 hours ago (1 children)

When I found out what it meant when other countries have sovereign wealth funds...

I have no idea how most people in America keep convincing themselves they've somehow got a good deal.

[โ€“] boonhet@sopuli.xyz 28 points 5 hours ago

It's mostly oil countries that have a sovereign wealth fund and it comes out of the oil money. Norway, Saudi Arabia. Idea being that oil is a limited resource with a lot of value and the proceeds should be used to ensure everyone's future.

Of course the US IS an oil country...