Balding's World | Global Finance and Economics:
This is the message for citizens from for all countries, and for all common wealth, including funds, oil, minerals and land.
Most citizens are resigned to the fact that they have zero or almost zero control over those monies. But there is hope. Citizens should get to know the model of the Alaska Permanent Fund. Dividend from common wealth is distributed equally to every citizens/residents every year without depending on any politician's largess.
"CPF, GIC, and Temasek returns are not the governments money. They belong to the savers and tax payers of Singapore who have made it a great country. Remember: this is your money."It is saying that sovereign wealth funds and pension funds belong to citizens.
This is the message for citizens from for all countries, and for all common wealth, including funds, oil, minerals and land.
Most citizens are resigned to the fact that they have zero or almost zero control over those monies. But there is hope. Citizens should get to know the model of the Alaska Permanent Fund. Dividend from common wealth is distributed equally to every citizens/residents every year without depending on any politician's largess.
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