Discussion · Government Orders
Xavier Barsalou-Duval Bloc Québécois
“The government wants to borrow $25 billion for an investment fund. It takes on all the financial risk for risky projects so private businesses can make a profit. Since the member across the way likes this plan so much, I want to know if he will sell his own assets and invest in it.”
“Mr. Speaker, the Liberal government’s infamous sovereign wealth fund proposes, among other things, to use the $25 billion in borrowed money to invest in projects that are too risky for the private sector, projects that the private sector did not want to invest in. The government is also proposing to allow individuals, like us and our constituents, to invest in this sovereign wealth fund while guaranteeing the security of their investments. We are told that these investments in the sovereign wealth fund will help attract more private investment. As a result, the fund will “derisk” these operations. The way we see it, the sovereign wealth fund will absorb the risk so the private sector can make a profit. Given his great enthusiasm for the sovereign wealth fund, does my colleague opposite intend to sell his personal assets and invest them in the sovereign wealth fund, as he would be able to do?”
Mr. Speaker, the Liberal government’s infamous sovereign wealth fund proposes, among other things, to use the $25 billion in borrowed money to invest in projects that are too risky for the private sector, projects that the private sector did not want to invest in. The government is also proposing to allow individuals, like us and our constituents, to invest in this sovereign wealth fund while guaranteeing the security of their investments. We are told that these investments in the sovereign wealth fund will help attract more private investment. As a result, the fund will “derisk” these operations. The way we see it, the sovereign wealth fund will absorb the risk so the private sector can make a profit. Given his great enthusiasm for the sovereign wealth fund, does my colleague opposite intend to sell his personal assets and invest them in the sovereign wealth fund, as he would be able to do?