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The Future Fund and the Statism of the Commentariat

Posted on May 14, 2008

There is something about the Future Fund that brings out the latent statism of the commentariat. Here s Alan Kohler, praising the growing amount of revenue being hoarded by the Australian government:Sometime next year Australia will have its own $US100 billion sovereign wealth fund (SWF) and the Government will have a positive net worth for the first time. it finally puts Australia on the right side of global decoupling, as one of the world s resource rich nations building wealth for the future. It s been that for a while, except the proceeds have been frittered over the past few yea...

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budget , taxes