@jeff37,
jeff37 wrote:I just watched an interesting
video. It's about the question which the biggest problems in the world are and especially which can be solved most effectively. If you had $50 billion which projects would you support?
First, i'd hire people to identify the poorest school districts in the United States. Then, i'd set up modest trust funds in every state of the United States, with mandated conservative investment policies ("preservation of capital" as the goal). In each state, the trust fund would disburse 50% of after cost earnings of the fund to the poorest school districts, while the remained would be plowed back into the school districts. As capital accumulated, they would add school districts to their list, and the amount disbursed as a percentage would increase incrementally.
Fifty billion would provide hefty start up foundations, and it would be easy to get cheap or even free investment advice from people in the financial industry, since conservative, preservation of capital investment plans involve very few transactions. A well-set-up fund might go years without investment transactions. Keeping the foundations on a conservative investment plan would also avoid alarming Wall Street, which would eventually realize that the foundations would increasingly own the bulk of securities (with conservative investment plans, it would take about a century or a century and a half for the education foundations to own a majority share of conservative, low risk low yield investments).
When the system was up and running well in the U.S., excess income on the principle could be used to set up the system in other countries.