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Comment by clumsysmurf | Hacker News Reader

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clumsysmurf·

Don't need Forest Service if you plan on selling the Forests ...

"Trump Quietly Plans To Liquidate Public Lands To Finance His Sovereign Wealth Fund"

https://www.americanprogress.org/article/trump-quietly-plans...

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The US is lacky to keep large forests on public lands (unlike the UK and many EU coutnries). When most of the land is privately owned it's etremely difficuls to reverse deforestation.

... which in turn could be invested in his and his cronies' ventures, then carried away to private enclaves in the Middle East and elsewhere.

The country is being outright looted.

Also in what universe does it make sense for a country with both a trade deficit and a large domestic spending deficit to have a sovereign wealth fund? A sovereign wealth fund makes sense for countries with large fiscal surpluses.

In a more fair world, states would buy this land and keep it as parks (and find their own ways to make revenue from campsites etc)

According to recent executive orders, it looks like there are plans to sell to overseas interests, but only those who would be able to pay much more than states or domestic entities.

Seems like Trump is setting himself up to sell to the highest bidder on a case-by-case basis, according to which foreign parties he likes at the time, with no opportunity at all for any that make him whine.

A firesale, would you say. :)

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