Trump-backed US Wealth Fund May Buy TikTok

Image: TikTok logo, from Wikimedia Commons

The United States will soon have a Sovereign Wealth Fund. Just What is a Sovereign Wealth Fund (SWF)? 

As SWF is a fund owned by a government, that may include cash, precious metals, stocks, and entire corporations. A SWF can safeguard a country’s industries from foreign takeover. It can also provide pensions, health care and schooling for the country’s citizens. 

Alaska’s SWF, using profits from oil drilling, even sends yearly checks to all residents of Alaska. 

President Trump has proposed using the American SWF to fund infrastructure projects inside the US, and pay for developments in foreign nations. 

Trump has also proposed buying TikTok as the first asset owned by the American people's Sovereign Wealth Fund.

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