But they don't have to be. There could be a law that shares paid as tax have no voting power. The government gets capital gains and dividends but no votes.
The sovereign wealth fund could be required to be structured as a black box, with visibility into it severely constrained. Selling is governed by a strict mechanical algorithm, or at random, to prevent indirect pressure by the government ("Do what we say or we'll dump all your shares").
Cool, so we should change everything and hand more power to the government which is already enabling all this with no plausible reason why it would even make it better?
Yes. The power to not borrow money from the rich is something that government direly needs. As $39 trillion dollars of debt, that we all need to pay interest on, clearly shows.
But they don't have to be. There could be a law that shares paid as tax have no voting power. The government gets capital gains and dividends but no votes.
The sovereign wealth fund could be required to be structured as a black box, with visibility into it severely constrained. Selling is governed by a strict mechanical algorithm, or at random, to prevent indirect pressure by the government ("Do what we say or we'll dump all your shares").