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Trump says new US sovereign wealth fund could purchase TikTok (techcrunch.com)
submitted 2 weeks ago by [email protected] to c/[email protected]
9 comments fedilink hide all child comments
 

President Donald Trump signed an executive order on Monday to create a U.S. sovereign wealth fund and suggested that it could be used to purchase TikTok.

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[–] [email protected] 14 points 2 weeks ago (2 children)

President Donald Trump signed an executive order on Monday to create a U.S. sovereign wealth fund and suggested that it could be used to purchase TikTok. [...] Trump has said previously it could be funded by “tariffs and other intelligent things,” per Reuters.

So. Taxpayers pay taxes → taxes go to fund → taxes are used to buy TikTok, probably at inflated prices (like Musk buying Twitter). And likely with the same type of censorship coming from the alleged "free speech warriors".

...aren't those same guys who babble all the time about "free market"?

[–] [email protected] 11 points 2 weeks ago (2 children)

The third step is they "sell" it to their cronies for pennies, who profit all the way to the bank.

You're about to get robbed.

[–] [email protected] 2 points 2 weeks ago* (last edited 2 weeks ago)

You’re about to get robbed.

I'm not. I don't pay taxes to USA, my robber is another. I'm mostly watching this roll out while eating popcorn.

Locally [Brazil] speaking, if the United-Statian government bought TikTok, I wonder what the judiciary would do, given that it blocked Twitter for a month.

[–] spankmonkey 1 points 2 weeks ago

Malicious socialism.

[–] [email protected] 2 points 2 weeks ago

The guys that are telling us they have to dismantle the entire government because it costs too much wants the country to buy TikTok

[–] [email protected] 12 points 2 weeks ago (1 children)

If the US owns Tiktok, then any bans or censorship would be a violation of the first amendment, right?

[–] [email protected] 8 points 2 weeks ago (2 children)

A government employee owns Twitter, too.

[–] [email protected] 2 points 2 weeks ago

While you are correct, and xitter is essentially the social media arm of the government now, i believe that that doesn't legally mean that it's owned by the government.

[–] [email protected] 3 points 2 weeks ago

Wow, what a surprise heh ? If TikTok becomes a new Shitter, that will have devastating effects on younger people... Even more so than what it actually does.