I'm not sure I see a connection between Bogle's work and putting public funds into index funds.
You could out public funds into any investment and end up with all the capital.
The way index mutual funds work is to distribute returns to everyone according to how much capital they have contributed.
The socialist version would be a find that everyone is required to contribute all their capital too. And then each citizen receives an equal share of the returns.
You could out public funds into any investment and end up with all the capital.
The way index mutual funds work is to distribute returns to everyone according to how much capital they have contributed.
The socialist version would be a find that everyone is required to contribute all their capital too. And then each citizen receives an equal share of the returns.