A Quote by Doug Ducey
What many don't know is that Arizona has a something called the State Land Trust - a fund with assets that have been set aside and invested for decades specifically to benefit education.
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When Arizona became a state, the federal government granted our founders nearly 11 million acres of state land. Every time we sell a piece of that land, proceeds go into the Land Trust where the money is invested and earns interest.
The simple index fund solution has been adopted as a cornerstone of investment strategy for many of the nation's pension plans operated by our giant corporations and state and local governments. Indexing is also the predominant strategy for the largest of them all, the retirement plan for federal government employees, the Federal Thrift Savings Plan (TSP). The plan has been a remarkable success, and now holds some $173 billion of assets for the benefit of our public servants and members of armed services.
There are terrific models for success with reluctant readers, but many school systems and state governments need to set aside their 'not invented here' and 'we have more important problems than education' attitudes.
The average person can’t really trust anybody. They can’t trust a broker, because the broker is interested in churning commissions. They can’t trust a mutual fund, because the mutual fund is interested in gathering a lot of assets and keeping them. And now it’s even worse because even the most sophisticated people have no idea what’s going on.
Last year, I twice voted against the Labor, HHS, and Education Appropriations bill because it did not adequately fund education in general, and Native American programs specifically.
The breakdown of Plato's philosophy is made apparent in the fact that he could not trust to gradual improvements in education to bring about a better society which should then improve education, and so on indefinitely. Correct education could not come into existence until an ideal state existed, and after that education would be devoted simply to its conservation. For the existence of this state he was obliged to trust to some happy accident by which philosophic wisdom should happen to coincide with possession of ruling power in the state.
Where we're living we have a certain amount of our profit every year it's like a percentage 5 or 7% or something like that that we set aside specifically for charity things.
Where were living we have a certain amount of our profit every year its like a percentage 5 or 7% or something like that that we set aside specifically for charity things.
I've always been one to believe in leading by example - the state has a lot of land and assets along the transit route, so I think we ought to be looking at what plans we can make available.
There are good examples of companies - Coca-Cola is one - that invested before there was a huge market in countries, and I think that ended up playing out to their benefit for decades to come.
In a country where nature has been so lavish and where we have been so spendthrift of indigenous beauty, to set aside a few rivers in their natural state should be considered an obligation.
You either have to find a way to be really creative materially, or you better have a trust fund. And, last I checked, I didn't have a trust fund.
If these assets were set up as a revolving fund with which Japan could import raw materials for its industries, Japanese exports could again enter the channels of world trade-and Japanese workers would have employment and something to eat.
In my state, I created a Clean Energy Fund and invested in electrifying our transportation system - from vehicles and buses to transit and even ferries.
When BP was not moving fast enough on claims, we told BP to set aside $20 billion in a fund - managed by an independent third party - to help all those whose lives have been turned upside down by the spill.
I know each fund has its supporters, and that some will not want to see the surplus go to schools. But, in tough times, you have to set priorities. And our priority is education.
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