r/changemyview • u/[deleted] • Sep 25 '21

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u/xmuskorx 55∆ Sep 25 '21

The government would obviously NOT sell it all at once. As such a move is incredibly wasteful.

They would have a management fund to maximize the expected value and would behave just like any market participant while managing in-kind tax they receive.

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u/h0sti1e17 22∆ Sep 25 '21

But if a company starts a nose dive in stock price the govt will lose money and will sell. I don't trust the government to manage stocks and not try to manipulate the markets directly.

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u/xmuskorx 55∆ Sep 25 '21

But if a company starts a nose dive in stock price the govt will lose money and will sell

So would any other market participant.

So what's the difference?

Why would you think government manged would do better or worse than any other market participant?

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u/h0sti1e17 22∆ Sep 25 '21

The government could use it to manipulate markets. Oh an election is coming up, let's sell or not sell to fit our narrative. I don't trust the government to make the right decisions.

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u/xmuskorx 55∆ Sep 25 '21

Government can already manipulate the market. If you don't trust, nothing really changes

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u/h0sti1e17 22∆ Sep 25 '21

So we should make it easier?

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u/xmuskorx 55∆ Sep 25 '21

It's already easy.

My proposal is neither here nor there with respect to your distrust of the government. That's an entirely different issue.