Friday, October 23, 2015

Rich, Radical Philanthropists to Manage National Savings Fund

I just heard a story on NPR about a giant investment fund for Great Britain involving a law to have employers opt in for their employees.  And there's talk about doing it in the US.

But who would manage such a huge, tempting fund where it could be exploited or frauded for personal gain?  How about someone (or their foundation) who has so much money they're going to give it all away, who would have no interest in amassing any more personal wealth, and who has a foundation already established to save the world?  They might even do it for free if they believed in it.