Kazakhstan’s President Tokayev addressed the elephant in the room – the harmful disparity of wealth built up over thirty years of financial agglomeration by insiders. Addressing Kazakhstan’s national legislature on 1/11/22, Tokayev announced the creation of a new “National Fund” to be funded by the billionaire circle around former President Nazarbayev.
The fund is “to solve real problems in the areas of health care, education and social services.” He expects “meaningful and regular contributions to the fund on the part of businesses. Thanks to the first president [Nazarbayev], there is a group of very profitable companies in the country and a layer of people who are rich even by international standards. I think that the time has come to pay back the people of Kazakhstan and help them on a systematic, regular basis.” His government is creating a list of eligible companies, along with a calculation of the annual sums to be “contributed.”
