Trump has taken equity stakes in Nvidia, Intel, & U.S. Steel. The gov’t now owns pieces of private companies & takes a cut of their revenue. CEOs are alarmed. The Business Roundtable won't say a word. That's how state control starts-one deal at a time. That sure sounds like communism to me. #Pinks
The U.S. Government Now Owns Stakes In 30 Companies. Intel Is Just The Beginning
Washington is taking stakes in Intel and other strategic companies, reviving Hamilton’s debate over manufacturing, national security and industrial policy.
forbes.com
🧵 1. We shouldn't say that Intel and these other stakes are legally part of Trump's sovereign wealth fund unless the government actually establishes that structure and places them in it. #Blues #Proudblue #GoodTroubleSquadron www.cato.org/blog/governm...