• misk@piefed.social
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    5 hours ago

    Aren’t sovereign funds generally based on principle of storing of excess wealth as investment for future generations? This sounds like Canadians are creating a fund that’s intended to be spent immediately, and they’re also encouraged to put their own money there. One would think a government should be saving money when times are good, not when they’re getting bad. It sounds like austerity, but also like public investment, so I’m confused by all of this.