The Texas Nationalist Movement is developing a groundbreaking policy document that would establish a sovereign wealth fund for an independent Texas – one powerful enough to eliminate the need for Texans to pay taxes on anything within 50 to 60 years.
TNM President Daniel Miller revealed during last night’s Late Night Coffee Talk that the organization is working on a comprehensive plan that would transform how a self-governing Texas finances its operations. The document presents a detailed roadmap for implementing a sovereign wealth fund that would generate sufficient revenue to fully fund government operations without requiring taxation of citizens.
“There is a document that is being worked on right now to turn it into a full-blown policy document that essentially presents how Texas should implement a sovereign wealth fund,” Miller explained to viewers. “And at the end of it, I think it’s the fifty or sixty-year run, Texans don’t have to pay taxes ever on anything. Let other people pay for that.”
The proposal represents the kind of forward-thinking policy development that sets the Texas independence movement apart from typical political rhetoric. Rather than simply complaining about current problems, the TNM is actively designing solutions that would make an independent Texas more prosperous and free than what Texans experience under federal control.
Building on Texas’s Natural Advantages
The sovereign wealth fund concept builds on Texas’s existing economic strengths and resource advantages. Unlike many nations that struggle to establish such funds, Texas already possesses the diversified economy, natural resources, and financial infrastructure necessary to make this vision a reality.
“I am all in favor of Texas having its own sovereign wealth fund,” Miller stated, emphasizing that this isn’t just theoretical planning but practical policy development based on Texas’s unique position.
The approach mirrors successful sovereign wealth funds established by other resource-rich nations and states, but adapted specifically for Texas’s economic profile and independence goals. Countries like Norway have used their sovereign wealth funds to build massive reserves that support government operations and provide long-term economic security for their citizens.
More Than Just Oil and Gas
While Texas’s energy resources would certainly contribute to the fund, Miller emphasized that a truly robust sovereign wealth fund requires diversification across multiple asset classes and revenue streams. The state’s massive economy – which would rank as the 8th largest in the world if Texas were independent – provides numerous opportunities for strategic investment and wealth accumulation.
The fund would be designed not just to preserve wealth, but to actively grow it through strategic investments that compound over time. This approach ensures that future generations of Texans would benefit from decisions made today, creating a lasting legacy of financial independence and prosperity.
Beyond Current Thinking
The sovereign wealth fund proposal goes far beyond the incremental improvements typically discussed in state politics. While politicians debate minor adjustments to tax rates or spending priorities, the TNM is developing a plan that would fundamentally transform the relationship between government and citizens.
“I think it’s smart for Texas to do that. It’s prudent for any nation-state to accumulate excess for lean times,” Miller noted, explaining how this fits into broader principles of responsible governance.
The concept extends beyond Texas’s existing Economic Stabilization Fund (ESF), commonly known as the “Rainy Day Fund.” While the ESF serves as a buffer against revenue shortfalls, a sovereign wealth fund would be designed to generate ongoing revenue that could eventually replace taxation entirely.
Strategic Reserves Across Multiple Assets
The sovereign wealth fund discussion came in the context of Miller’s broader support for Texas building strategic reserves across multiple asset classes. He expressed support for Texas’s recent moves toward establishing a Bitcoin strategic reserve, noting that “I think Texas should have its own strategic oil reserve. I mean, if there’s anything you would think of that a self-governing independent nation state would want to have a reserve of, then I think Texas should have it.”
This comprehensive approach to strategic reserves – encompassing traditional assets like gold and oil, modern assets like cryptocurrency, and essential resources like food and water – demonstrates the depth of planning going into preparing Texas for independence.
“I think we should be doing the same thing with food, with water, and more. I mean, there are all of those things that you would think of. I think it’s smart for Texas to do that,” Miller explained.
Learning from Global Success Stories
Sovereign wealth funds have proven successful around the world, with countries like Norway, Kuwait, and the United Arab Emirates using them to transform resource wealth into long-term prosperity for their citizens. Norway’s Government Pension Fund Global, built primarily from oil revenues, now exceeds $1.7 trillion and helps fund the country’s generous social services without requiring high taxation of current income.
The TNM’s approach adapts these proven models to Texas’s unique economic profile and independence goals. Rather than simply copying another nation’s approach, the organization is developing a plan specifically designed for Texas’s advantages and objectives.
Timeline for Implementation
While Miller indicated the full policy document is still being developed, the timeline suggests this isn’t just wishful thinking but serious policy planning. The 50-60 year timeline for eliminating taxation reflects realistic projections based on compound growth and strategic investment returns.
This long-term approach ensures that the fund will be built sustainably, without requiring dramatic changes that could disrupt Texas’s economy or government operations during the transition to independence. It provides a clear roadmap that future Texas leadership could follow regardless of political changes.
Economic Independence Through Financial Independence
The sovereign wealth fund proposal represents more than just fiscal policy – it embodies the principle that true independence requires economic self-sufficiency. By building wealth that can fund government operations without taxation, an independent Texas would achieve a level of financial freedom that few nations enjoy.
This economic independence would also provide strategic advantages in international relations. A Texas with substantial sovereign wealth reserves would have greater negotiating power and wouldn’t need to rely on external financing for major projects or during economic downturns.
A Vision Worth Fighting For
The sovereign wealth fund proposal gives Texans something concrete to work toward – a vision of prosperity and freedom that goes far beyond what’s possible under current federal constraints. It answers the question of what independence would actually accomplish for ordinary Texans in practical, financial terms.
“That is the government of a self-governing independent nation,” Miller emphasized when discussing the fund’s ultimate goal of supporting government operations without citizen taxation.
For Texans weighing the question of independence, the sovereign wealth fund proposal demonstrates that this isn’t about abstract political theory – it’s about building a better, more prosperous future for Texas families. It shows that independence isn’t just about leaving something behind, but about building something better.
Moving Forward
The TNM expects to release the complete sovereign wealth fund policy document in the near future, providing Texans with a detailed analysis of how this vision could become a reality. The document will join the organization’s growing library of practical policy proposals that demonstrate how an independent Texas would govern itself more effectively than the current federal system.
As Miller concluded, this type of forward-thinking policy development is exactly what distinguishes the Texas independence movement from typical political activism. Rather than just criticizing what’s wrong, the TNM is building the blueprint for what could be right.
For Texans ready to see their state reach its full potential, the sovereign wealth fund proposal offers a compelling glimpse of what’s possible when Texas controls its own destiny. The only question is whether we’ll have the vision and courage to make it happen.
