Billy Ram Balgobin posted:Baseman posted:Billy Ram Balgobin posted:Baseman posted:Well nuff people swallow whatever they hear! I still remember the PNC banna steering at me when I asked him what happen when oil runs out!
As for Norway, they have a massive fund, 10% of all global equities, which generates income! So they tap into the income portion. That’s why they built it up!
The proposed Guyana sovereign fund will have a similar structure which, with parliamentary approval, will allow tapping into the income portion. And this will have limitations!
How can we put away monies in the sovereign fund when we desperately need it to pay off debts and fund new projects? Can somebody educate me on this one. I don't get it.
That’s the plan! People buy things on credit while still contributing to savings, 401k, etc!
The plan is good. It forces discipline!
Thanks for the info. I think, however that Guyanese as lazy as they are will get only more lazy. The politicians' message will encourage more laziness.
Nah, they have many hard working Guyanese. You see all those kids graduating from UG and GTI! They want to work!