| Truly, a better wage structure is needed. In a perfect setting, the increased wage would prompt an automatic recalculation of the revenue allocation between federal and state governments by lowering the former and raising the latter. If the federal government is serious about the wage, it must go back to the drawing board and do this in a more equitable and transparent fashion.
Aside from its constitutional flaws, the operational anatomy of the SWF reveals a scandal in waiting. The law gives too much power and latitude to the SWF “Authority” to invest funds and to borrow. There is too little transparency and oversight. The SWF will become a den of corrupt practice...............................................Full Article: Source |