The single largest owner of wealth in nearly every country is not a private company; nor is it an individual like Bill Gates, Carlos Slim, or Warren Buffet. The largest owner of wealth is all of us collectively, otherwise known as “taxpayers.” And we all have our own personal wealth manager — whom we usually call “the government.” According to data from the International Monetary Fund and other sources collected in our new book, The Public Wealth of Nations, governments own a larger stock of assets than all very wealthy individuals put together, and even more than all pension funds, …read more
Source: Foreign Policy
