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What can public wealth do for you?

In: The Public Wealth of Nations

Author

Listed:
  • Dag Detter
  • Stefan Fölster

Abstract

The single largest owner of wealth in nearly every country is not a private company or an individual like Bill Gates, Carlos Slim, or Warren Bufet. The largest owner of wealth is all of us collectively — you and your fellow taxpayers. And we all have our own personal wealth manager, who we usually call “the government.” As far as we can calculate, governments own a larger stock of assets than all very wealthy individuals put together, and even more than all pension funds, or all private equity funds.

Suggested Citation

  • Dag Detter & Stefan Fölster, 2015. "What can public wealth do for you?," Palgrave Macmillan Books, in: The Public Wealth of Nations, chapter 0, pages 1-15, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-51986-3_1
    DOI: 10.1057/9781137519863_1
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    Cited by:

    1. Madeira, Carlos & Margaretic, Paula, 2022. "The impact of financial literacy on the quality of self-reported financial information," Journal of Behavioral and Experimental Finance, Elsevier, vol. 34(C).

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