There's over $13 trillion being managed by sovereign wealth funds. A country of just five million people owns the biggest one.

With all our natural resources Australia’s sovereign wealth fund (Future Fund) should be a lot higher. We have given away our wealth and not to those who need our help but to those who make profits which end up hurting most of us.

  • arbilp3@aussie.zoneOPEnglish
    2·
    20 days ago

    Norway taxes gas profits at 78% and so has built an enormous wealth fund over 30 years on the back of it. Australia’s equivalent tax generates $2 billion a year. The same resource, taxed very differently and guess who’s missing out?