I prefer a Norway style massive fund that goes back to safety net / betterment of the people, made off natural resource profits that don’t all go to companies. Of course we couldn’t can’t even do “socialism” right here. Ha

Another disinformation platform for them 😩

So it’s best to take the money Americans worked for from them to buy TikTok? Who cares about TikTok? People are losing everything? Oh wait since they can’t control it and people rather be on there that X or Meta yeah he’s gotta buy it with our money? Makes sense now? 🤡

I think you meant authoritarianism*

And guess who the sovereign is. Could it be Americas first King? I give it another few months before he abolishes congress and declares himself ruler for life.

Its not socialism

Lol, when I saw that headline, that is exactly what came to my mind. But we all know that TikTok came under scrutiny for allowing the freedom to criticize Zionism and the genocide it, and the USA and its handful of client States are committing against Palestinians.

As a general rule you should know what a word means before you use it. Because no.

This isn’t socialism, it’s more like a government run hedge fund, not wealth redistribution. The real issue is funding, political meddling, and market disruption. It is authoritarianism; centralizing financial power in the government opens the door to corruption and economic control.

Wrong “ism”

This is not socialism. This is an authoritarian dictatorship. Socialism benefits the people. I seriously beg people to actually learn what socialism is instead of throwing around the word. If something is socialist and turns to corrupt dictatorship it’s no longer socialism.

The argument that Hitler was “socialist” because the party was technically called “National Socialist Party” DOES NOT MEAN they were socialist. It was a fascist dictatorship under the guise of “socialism” when it had zero features of socialism.

Socialism benefits everyday average people. Fascism in combination with white supremacy, pro-eugenics, and ultra-nationalism wants to either deport or kill people that are different from them because they deem them all to be inferior, aka “vermin”

I should say deport, enslave, or murder. And the rest of the population they don’t do that to they force their boot down on them to oppress them.

Another example: China. They are technically called the “Chinese Communist Party” but actual true communism requires a classless society with no hierarchy. That is not what China is. Communism is also anti-capitalist, but China is at least 30-40% capitalist.

True communism would be idealistic utopia and especially in terms of Marx’s version of communism, democratic and for the working people.

Both socialism and communism have anti-capitalistic viewpoints. And America is extremely ultra-capitalist which brings about massive wealth gap economic inequality.

If you are correct, then socialism and communism do not exist. It simply cannot work and has never worked in reality.

There are many different types of socialism and ways to implement it into a democratic capitalist society in order for capitalism not to go off the rails due to being deregulated and allowing corporations to do as they wish. Communism’s fault I think is that it’s too idealistic for the real world.

The USA had the right idea of creating checks and balances of power, but clearly those checks and balances had faults and loopholes in them to be undone so quickly like they have been because look at where we are right now.

We watch capitalism fail everyone but the wealthy in reality constantly, and you dopes still trot out this stupid line.

They have never been attempted. We would have to dissolve the concept of state for communism and flatten our hierarchy to pure democracy for socialism.

Exactly! Similarly, many of us calling ourselves “liberal” are quite rigid, judgmental, moralizing. Ready to round one another up for a single misstep. #Tolerance 🏳️‍🌈💙✊🏿🏳️‍🌈💙✊🏿🏳️‍🌈💙✊🏿🏳️‍🌈💙✊🏿

Yes!

Woosh.

There’s an Australian term for governments investing in private corporations for political reasons - we call it “picking winners”. Classic Australian irony - these investments invariably make losses that are borne by taxpayers and are likely to result in more good money being thrown after bad.

I thought $300 Million for 1500 car parks that were never built was a great deal. .... Well a great deal for someone.

Coalition cronies, no doubt.

Have no fear. My blind faith 77 year old mother has a positive spin on everything he does. According to her, this is all to give all decision making power back to the states.

Right takes pick one: Oligarchy. Kleptocracy.

When a geopolitical rival feels compelled to adopt your practices, YOU are the one ahead.

😂

Where did they get the billions of dollars necessary to fund this? Elon has total control over the United States treasury. Do you all understand what’s happening? Elon has cleaned out the treasury. Just like Orban cleaned out Hungary’s treasury. That’s the playbook they are following.

Authoritarianism

All that money being wasted on something frivolous could be… you know…. used to help people pay for their fucking groceries and medication.

Isn't it customary for countries initiating a sovereign wealth fund to finance it out of their budget *surplus* rather than run a massive national debt? Asking for a friend.

I reckon this will also be the mechanism to buy, with tax dollars, billions in crypto currencies - a pump and dump scheme likely to crash the Treasury.

Doesn't that rely on having an excess of money rather than being trillions in debt?

One would think

You’re asking for people to be critical thinkers here and as you know critical thinking is all about race and lgbtqia

Did I move to Russia while I was asleep????

I think when he says sovereign he is looking for a cute way of saying "controlled by the executive branch." This is what we used to call a slush fund... except this could be very large and he is doing it in the public eye.

The country can survive without TikTok but how about healthcare you dumb orange douchebag

Can’t even find Social security. How will the fund that? Bribes? 😂

Slush fund for friends

I’m a neutral voter that left the more popular social media apps due to all this BS between Trump and the billionaires who own social apps

A Sovereign Fund is a great idea IF there is an excess of funds. Unfortunately, the US is nowhere near that place financially. Putting funds aside while running huge deficits IS robbing Peter to pay Paul. And Peter is ALL US Citizens while Paul is just Trump... Malfeasance extraordinaire.

No. It's Kremlin style state-run agitprop. It's a hostile takeover of free speech.

State run media was one of the parts of project 2025. Control the narrative.

Someone needs to stop that ass

Fire federal employees, shut down government agencies then funnel the allocations to a typically unregulated slush fund.

Wow there wasting no time turning the U.S. into a third world dumpster fire. The world is watching and shaking their head, wtf?.

Socialism is aimed at benefitting society as a whole, this is in the service of a dictator class.

Wait wait… if it gets him to oppose it, just… sit back

Sovereign, wealth basically means money for the oligarchs and the elites to spend on their own personal vanity and decadent lifestyle completely separate from the masses in the US

Scott, don’t be willfully ignorant. This is not socialism, and you know it. This is a Putin style of kleptocracy. The government is dismantled and sold for parts to rich creeps and businesses are “acquired” thru federal coercion for domestic cronies and stooges.

This style of government is seen in plenty of authoritarian and oligarchic regimes. You’re smart enough to know this.

So are you actively trying to undermine the left?

Great idea. Let's use taxpayer dollars to buy tik tok, and then all those children that use it can flee to another Chinese app, making tik tok worthless. tik tok is nothing but a consumer propaganda machine designed to get dump people to buy crap they don't need.

It sure is !!!! He wants to control every aspect of what we do. Get off tik tok!

We have something similar to this in Norway. Income from our natural resources and common values ​​is invested for the good of the community and our pensions. Works great and can be said to be capitalism for the community. www.nbim.no/no/

Don’t call it socialism. It’s authoritarianism. They are not the same

Wealth fund coming from the. US Treasury????

Good start… The rest coming from seizing money and property from people thrown in jail or “camps” due to opposing them It’s all been done before!

If tiktok wouldn't sell to US social media giants, why would they sell to the US government?

For state controlled media

I can't tell if you mean that doing this is a socialist thing.

Worse: Central Planning.

Scandinavia Socialism would be good, what he's doing is some Dictator/Putin BS

State run media

does anyone doubt for one moment that the call between Donald Trump and Samuel Alito, in early January, was about anything other than Trump's plan for a shadow government?

Communism ☭

Not even remotely communist at all

What is it then?

A sovereign wealth fund. One that's probably going to be used for nefarious purposes. Communism is about the elimination of class divides and restructuring society based on individuals needs and ability. Trump is allota things but certainly not a communist. He's a capitalist through and through

What is it though, when the state owns a mass medium (and bullies other)? Because in capitalism private actors own and control property for profit, right? I lived in a communist country and trust me, everything Trump does looks a hellota like what commies were doing during the cold war in Cen Europe

When the system benefited only a few apparatchiks on the top, but not the masses. Victor Orban in Hungary updated this and calls it iliberal democracy. Trump is a huge fan.

Actions done by Trumps administration having a resemblance to the actions of countries that called themselves communist does not make Trump or his administration communist. Not to mention Communism itself has no inherent connection with any of this type of behavior.

No, they just look a hell of a lot like each other

No they really don't. None of that is in any way related to what Marx said or wrote. None of it has anything to do with what actual communism is trying to achieve.

Absolutely. But what Marx said or wrote and the reality, an actual execution of his ideas are two different things.

So if they're not actually Communists or advocating actual Communist ideas you shouldn't be calling it communism.

People are confused enough about socialism. Don’t smear it with this.

Finally. Too bad he is sure to implement it with as much corruption as possible.

Complements the emerging Stalinism

Where is the money coming from?

He doesn’t know what that is.

Bueno, más bien Nacional-Socialismo

Subversion Looks like a declaration of war to me. Not the flag I pledged to. So a domestic enemy, has co-opted our government and the military is ok with this? I've never pledged to this flag. Have they?

I lost my shit on this too. The talk track is they use clip art for their website design 🤦‍♀️. And because the banner is so small the pixel size only allows for an actual Confederate Flag to be shown.

Look, they can and will gaslight. That's their one-note playbook. This is an official page of the US government. Find me any other countries page with an enemy's flag iconography. This is a clear declaration. Please share this, people need to wake the fuck up.

I wasn’t defending. I posted the image on my feed last night, actually. I was being sarcastic but it must not have translated well.

I didn't think you were. This just needs visibility and forward motion. The shots will eventually be fired. There will be less consequence if they are fired now, then after this has been given time to take hold. The military should understand the implications... I'd hope.

My sincere hope is they are plotting in the background to take this administration over. Being quiet so they can execute appropriately without loopholes

I wish I was optimistic. I've played chess all my life, so I've a good understanding of tempo (the right move at the right time). It's felt off. Like the gov knows and has known, but cowered from the implications (would have started a war). So we've landed there anyway, just on worse footing.

It's either socialism for all, or socialism for the rich.

Socialism would be if the employees bought it. This is authoritarianism.

SOVEREIGN .. as in ROYAL He thinks he's a KING and that 'fund' is his ... bet on it!

When you step back dor a second it’s amazing to watch the dominos falling.

Working in crypto the past several years, I’ve been struck by how similar Libertarianism and Communism are. Libertarians claim to be fighting socialist authoritarianism but in fact they are really advocates of privatized authoritarianism. They don’t see that freedom requires a social dialogue.

That’s the first thing that came to my mind. Love ur podcasts. I want to have a beer with you sometime. Someplace where you’re not surrounded by peeps and pontificating. 🤪 Keep up the good work.

I don’t want TikTok! I want universal health care! 🤦🏼

This is not socialism, this is...sigh...you know what, nevermind.

Scott words have meanings and I know you're trying to do the "real republican" bit, but you just look silly

Where is the money coming from??? Has congress authorized this???

We got bigger problems…. youtu.be/5RpPTRcz1no?...

No - this would all be part and parcel with those big problems.

Another way for him to funnel public money to his 'friends and family'

Did he run out of wealthy friends that would buy it? What about his wonderful “negotiating skills”, where is that?

WTF!!!

Not socialism, fascism. We are under (likely Russian) fascist rule.

Where’s the judge blocking this?

Trump and his crew. Hate socialism when it helps the average joe but love socialism when they lose money and the govt. protects them. MAGA only cares about sticking it to the LIBS, they have zero ideology except white men rule and let's go back to the 1950's.

Maybe someone should tell him that sovereign wealth funds are created out of budget surpluses.

And where is the money to buy Tik Tok coming from??

Please do explain how the state owning media is related to laborers owning the means of production. I am curious to hear this one.

Authoritarianism comes in all flavors

Are we surprised? Anyone? It's the aim of The Heritage Foundation to control every aspect of culture in the US by judicial and government takeover with ultra-conservative Christians...and it seems that they succeeded in the 2024 elections.

NNNNNNNNNNNNNOOOOOOOOOOOOOOOOO!!!!!!!!!!!!!!!!!!!!!

Yeah, this is literally nationalizing a private business. I thought the Republicans said that’s bad.

So combined with his nationalism, it's National Socialism?

ALL OF YOU ARE WRONG its akin to a corporate congress setup where corporations pay and elect the gop whose party chooses its man to be president and they setup all things to aid in that

We don’t have a Sovereign. Sorry, you’re no King, Donold.

State provided social media. Thank you republican socialists!

Trump thinks asylum means insane asylum. So Sovereign Fund would mean give money to the King. You always need a bigger drill bit to get on his level.

trump/musk scam ...

this seems way to authoritarian to be socialism. do you know what socialism is?

*too authoritarian

Now I'm not saying coup, but I'm also not not saying coup.

I’m saying coup

It’s a coup. It’s coup via cyber warfare

We have been RAPED & VIOLATED by Trump for allowing this & Musk for performing the act of stealing our private information. Musk is the new Jeffery Epstein. They must be charged & put behind bars with no internet access.

So, I wouldn't bin the concept of a sovereign wealth fund - it is successfully implemented in many democratic societies. Focus on criteria, expertise and staff - in an independent institution with a single mandate, like the FED.

Opens the way for federal bucks to be used to prop up the stock market and provide credit to cronies. But, indeed the government should stay out of private enterprise unless, perhaps, in times when investment is lacking or capital unavailable, based on objectively & ahead of time specified criteria.

Out of all his ideas this is not terrible. But again, who is gonna trust him or just in general big government. Where is all the small government folks

Not Socialism. Fascism.

A coup is almost wrapped up in this country if the 25th Amendment isn't invoked immediately.

I suspect Elon Musk wants it and gets to buy it using funds from the Treasury.

I’m not a lawyer but this sounds illegal/unconstitutional…

Seems more communist

@isaiahk13.bsky.social

It’s all fun and games until everything we’ve ever shared on social media is harvested by the likes of Thiel to determine who are the enemies within.

Absolutely

I heard he knows a guy over in the Treasury. Maybe he can help.

Not socialism this is actually more closely aligned with communism as they plan to enrich the government and themselves off private investments. Probably buying majority shares in companies they see as allies.

I believe the term is oligarchy

That is a stmptom brought about by actions of communism and bringing the private sector under the central government

Also let me clarify. I mean these actions are exactly what MAGA and Republicans have spent 30+ years calling communism.

Very true!

Symptom*

We may have seen this appear in post-communist states as elites captured state assets for their own private enrichment in a new capitalist environment. I think you are conflating elites benefiting from their governmental system with communism (only) when this happens in capitalist states as well.

No, that's the effects of corpocracy.

Socialism would be based as fuck. This, this is just fascism. Read a book.

And money funnels to the Broligarchs. And the Supreme Court has ruled that he can do it.

Sounds like it's about time something replaced Tiktok.

It was just a matter of time to see what he is going to gain from the sale of Tik Tok. Oh, looks like he will use tax payer money to buy it himself. Couldn't see that coming.

No, Nazism.

National Socialism, I think.

I think what Scott means is, that with such a wealth fund, under the right circumstances, this could be a money maker for the American people with the profits going to us, which would be deemed by the right-wingers as evil Socialism, a concept they don't realize they enjoy on a regular basis anyways

In the end though, I have a feeling this is just another one of Trump's ploys to pocket the money for himself. I'm pretty sure he thinks the American public is too stupid to know what a wealth fund is.

National Socialism

No.

Yeah, but that's not the same as sOciALiSm, is it?🤪

Dictators gonna be dics.

With WHAT? Sovereign wealth funds are created by countries that are running budget SURPLUSES and need a place to put it. The US fund will be like a Scrooge McDuck money bin, only empty.

Turkey has one. It's like a black hole, it sucks the wealth into obscurity.

For the rich.

Tik Tok will sink like the Titanic if he buys it. We will all be jumping ship SO fast. He realizes how powerful the platform is.

I'm sure the rest of the sane world view the USA as a basket case now, as musk merrily riffles through the govt's coffers.

Awesome. Borrowing against my kid’s future to pump up his idea of investment opportunities. What could go wrong..?

How is this legal?

Trump’s own fund for grifting.

No, that is not socialism. Socialism would be public health insurance. This is Putin style russian autocrazy: Russia has a wealth fund sourced from oil & gas sales. Which is currently used to fund the war-time production of military products to invade Ukraine.

Trump wants the US to buy a media company at the same time that his office wants to eliminate NPR and PBS. The FTC is persecuting privately owned media companies based upon an argument that they were not "fair" to Trump. But the government should own TikTok. Nothing weird about that.

Someone told him that Sovereign Wealth Fund is the start of the tech-tree for bonesaws obviously

Another scam for Trump.

Don’t you need a budget surplus for this?

Yep, makes no sense for the US, unless the “freeze” last for 4 years.

Maybe they can bring in Jho Low to run it.

@lenorepalladino.bsky.social

What I am concerned about is that this "Sovereign Wealth Fund" sounds a lot like a slush fund / personal dictator war chest for Trump. This is particularly concerning now that Musk has infiltrated the US Treasury.

He was one of us all along 😂

That's not what that means.

This is rather mercantilism.

I kind of feel like everyone here is getting this wrong. This is definitely not socialism, but it really isn’t authoritarian either. It is perfectly normal to have a sovereign wealth fund, but it doesn’t make too much sense really in the US context.

It is usually reserved for countries where further domestic investment is rather inefficient (i.e, does not spur growth that would lead to further wealth/national benefits).

When the country runs a deficit, investment is efficient, and the country’s main source of revenue isn’t from one sector, these don’t really make sense. Thus, I don’t think this is a representation of further authoritarianism, but it is an indication of Trump’s poor understanding of economics.

Nah dude. That's communism.

National Socialism

Its only socialism if its a public fund. If its a personal slush fund for Trump and Musk its theft

Socialism is the collective ownership of the means of production so a public slush fund isn’t socialism either

Calling a co-op a public slush fund doesn't make any sense.

Socialism is when the workers democratically run businesses and the profit it generates is reinvested back into society by the state.

Where is the line item in the budget that expires in March?

So, governing this country has come down to just signing executive orders, and everyone just goes along with it? Why do we have the House and the Senate again? If Obama or Biden did this in their first 10 days of office they would have been impeached.

You have to assume Trump will use such a fund to steal tax payer money/ buy his crappy bibles/ latest crypto scam ...

Nope, it's greed and jealousy. Watching the Senate committee question TikTok CEO Shou Zi Chew actually made me dry hurl. No one mentioned practical solutions to the security concerns. This is just tech media money grab, because they don't like the competition. www.nbcnews.com/news/asian-a...

It’s ok when they do it.

I’m guessing you are from the USA where thy conflate Socialism with Communism. You guys reaally need to learn nuance in politics or you will think that there is Capitalism where there is actually something far more sinister.

Please educate me on how this is related to the Proletariat owning the means of production.

WTF🤬

That’s not socialism. Get a book

Not socialism, its dictatorship. Socialism is China, has close to 100 million communist members representing the population. Socialism is state fund to grow the country, socialism is capitalsit has limits. It's a good system if done right.

It's not a coincidence that this is being done as well as Musk poking around the Treasury. Monies will be transferred to this new fund from the Treasury to allow them easy access to our money. There's no oversight.

Don't we have a deficit at the moment?

Who would entrust the man who bankrupted casinos with their money? This convicted felon shouldn’t be anywhere near anything like this!

I guess the first payout from the sovereign wealth fund will be to musk for the massive infusion of money, he provided to Trump to win the election.

No it's Fascism, pure and simple.

Good god, Reagan did a number on you lot tanking the public education system. This is not socialism, ffs, it’s fascism. Read a book.

Oh, communism. You don't think he'll let it be independent.