Search Results for: alaska

United States: More on the fiscal crisis in Alaska

It seems that the Alaskan tax policy is being too generous with oil companies. On top of the fact that there is no income or value-added tax (VAT) in Alaska, every year oil companies operating in Alaska are granted wealthy tax credits, this year amounting to $1.2 billion. That is roughly the amount of the state’s deficit, for the reduction

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United States: Alaska’s desperate governor considers massive cuts to university budget to keep Dividend

Mike Dunleavy, sitting on top of an oversized Alaska Permanent Fund Dividend check. Picture credit to: Anchorage Daily News. Basic income yes, but not at any cost. The alarm comes from Alaska, where governor Mike Dunleavy has announced cutting his 2020 state budget by as much as $410 million, one-third of which will fall upon the University of Alaska. To

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Alaska’s BIG parodied in The Simpson’s Movie while Albertans call for their own Dividend (from 2007)

This essay was originally published in the USBIG NewsFlash in November 2007.   Public awareness of BIG took a small step forward this summer when the Simpsons Movie made a joke about it. Homer and his family are greeted at the Alaskan border by an official who says, “Welcome to Alaska. Here are a thousand dollars. We pay everyone in Alaska to

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Fox News Praises the Alaska Model (from 2012)

This essay was originally published on Basic Income News in August 2012.   Last February two conservative commentators, Bill O’Reilly and Lou Dobbs, from the Fox News Network, praised the Alaska Dividend as “a perfect Model” of what America should be doing with its resources. It is amazing that prominent conservatives can praise a policy that redistributes income from the wealthiest

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How Alaska Can Avoid the Third Stage of the Resource Curse (from 2012)

This essay was originally published on Basic Income News in February 2012. The resource curse, as I see it, comes in three different forms. Alaska has avoided the first two, but whether it avoids the third remains to be seen. The first-stage resource curse occurs when resource exports drive up the nation’s exchange rate and drive other industries out of

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MONGOLIA: Thousands of protesters demand Alaska-style dividend (from 2010)

This essay was originally published in the USBIG NewsFlash in April 2010.     The Associated Press has been reporting that more than 5,000 and perhaps as many as 10,000 Mongolians have been protesting for a resource dividend. Mongolia is a poor nation, currently in the process of developing what appear to be major mineral reserves. Back in 2008, during

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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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THE ALASKA DIVIDEND AND THE PRESIDENTIAL ELECTION (from 2008)

This essay was originally published in the USBIG NewsFlash in November 2008.   Most people will be surprised to learn that the Republican Vice-Presidential nominee and the Democratic Presidential nominee have both endorsed the basic income guarantee (BIG). In one form or another both support policies to guarantee a small government-provided income for everyone. As reported in the USBIG Newsletter

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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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ALASKA’S BIG PARODIED IN THE SIMPSON’S MOVIE (from 2007)

This essay was originally published in the USBIG NewsFlash in November 2007.   Public awareness of BIG took a small step forward this summer when the Simpsons Movie made a joke about it. Homer and his family are greeted at the Alaskan border by an official who says, “Welcome to Alaska. Her ares a thousand dollars. We pay everyone in Alaska to

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