u/26percent

I’m a bit confused seeing all the hate for the sovereign wealth fund coming from this sub. Specifically the GIC-style product.

The sovereign wealth fund will include an investment product that guarantees the principle. I’ve defended this in other threads and I see dozens of comments telling me that it will help the rich get richer. It also helps the working class, which is the majority of this country.

That’s not to say that there isn’t more the government can and should be doing to support people. But for those who have savings, why is it a bad thing to have a public option where saved money is being invested and spent on public ownership of projects in Canada vs. pumping the US stock market, going into REITs, etc.?