Tag Archives: Alaska

Debate over Alaska’s Permanent Fund Dividend

Alaska’s House of Representatives has passed a bill which sets the state’s annual PFD (Permanent Fund Dividend) at approximately $1,600 per person next year, an amount which has been confirmed after a hard-fought legislative battle over the size of the payment. The PFD, which is funded largely out of oil revenues, has been reduced for the past couple of years

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Alaska’s Permanent Fund Dividend has no overall effect on employment

Alaska’s provision of regular, unconditional income to its inhabitants has had no overall effect on employment, a recent study has found. The Permanent Fund Dividend (PFD), provided by the Alaskan government to all citizens who apply for it, currently stands at approximately $2000 per person per year. The authors of the study have indicated that, although this seems a small

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Jay Hammond, “Diapering the Devil: How Alaska Helped Staunch Befouling by Mismanaged Oil Wealth”

Jay Hammond   Jay Sterner Hammond (July 21, 1922 – August 2, 2005) was an American politician of the Republican Party who served as the fourth Governor of Alaska from 1974 to 1982. Hammond was born in Troy, New York and served as a Marine Corps fighter pilot in World War II with the Black Sheep Squadron. In 1946, he

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United States: Alaska citizen’s monthly payment means recipients work more, not less

Despite endorsing a larger carbon footprint for Alaska, the Permanent Fund Dividend (PFD payment, according to a survey released last week, of one thousand employees), encouraged only one per cent of recipients to work less. Perhaps the oldest, continuous, Basic Income-like social program is the Alaska PFD, going since the 1980s and currently paying every adult citizen $2,072 annually. Last year’s

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Scott Santens: “Is the solution to extreme wealth inequality really – Alaska?”

Scott Santens. Credit to: Singularity Bros.   Scott Santens, writer and long time UBI advocate, speaking at the Davos World Economic Forum 2017, views the Alaska Permanent Fund as a foundational aspect for the funding for a Universal Basic Income – a UBI.  Santens, and a growing number of people all over this planet are coming to the conclusion that something

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