| One of the big features of the federal budget that intrigued me is the huge medical research future fund. Future funds are mostly known as sovereign funds and are used by many countries; I have often argued that the Norwegian and Alaskan models are the ones we should mimic.
Both those funds are free from political interference and work on the principle of investing the proceeds of non-renewable resources to generate sustainable wealth that contributes to the wellbeing of the citizens of their respective jurisdictions. Every Norwegian is now a crown millioniare and in Alaska, citizens receive an annual tax-free dividend from their fund.........................................Full Article: Source |