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Money from asset sales should go in trust fund

Times Colonist
February 27, 2013

Re: “More financial grit needed,” editorial, Feb. 22.

I respectfully question the assumption that the sale of government land and other natural resources should be used to fund current government expenditures and to balance the budget.

Don’t we owe our children and grandchildren a legacy of as much capital assets (either the actual land or other resources) or the equivalent value in a trust fund as we received from our forebears? Selling off our capital assets for our benefit seems completely unfair to future generations.

May I suggest that money received from the sale of these assets be put into a trust fund so that each generation can benefit from the annual income of that fund?

Robert Kreiss

Shirley

 

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