>>11920513Just a trillion dollars? Hmm. I'd probably found a US sovereign wealth fund chaired by three individuals, one from the Federal Reserve Board of Governors, one from the Department of the Treasury, and one member of Congress elected by both chambers (they could be either a Senator or Rep). They would serve for a single six year term. Underneath them would be a panel of voting issues advocates selected from each major federal agency, with voting seats also extended to the NIH and AAU, and with the US intelligence community (NSA, NRO, CIA, DIA, etc) only getting one collective seat to be brokered between themselves.
The wealth fund would be tasked with of course maintaining the value of the fund in perpetuity, but also annually allocating earnings and interest gained to popular public projects, research initiatives, infrastructure improvement programs, and so on. They would not be allowed to invest annual earnings, interest, or project funds in international aid programs or in a single university's research program. They would however be able to establish focused research grants which institutions could apply to as a cooperative effort between American institutions. The Congress would not be allowed to appropriate a single dollar from the fund.
A trillion dollars goes really fucking fast in the United States, and an un-leveraged trillion dollars isn't something you're ever going to find in a congressional budget. My logic is that it is better to establish an organization tasked with fostering and allocating those funds so that it might grow over the coming decades. Initially with a trillion dollars, it would have $5 to $40 billion to allocate to projects annually, but by say 2050 it might be able to allocate over $200 billion to improvements across the nation. By 2100 the wealth fund might be able to allocate a trillion dollars each and every year.
