27.02.2012 - Cash pot for future 'will hurt' WA
Colin Barnett's plan for a sovereign wealth fund has been attacked by a conservative think tank as a waste of money that would short-change West Australians in the long run. The Centre for Independent Studies says the rate of return on the assets held in such a fund would be poor compensation for not using the cash now to invest in productivity-lifting infrastructure, lowering taxes or cutting the State's debt...............................................Full Article: Source
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