By Edited by Michael W. Howard Edited by Karl Widerquist

Contributors talk about the Alaska everlasting Fund (APF) and everlasting Fund Dividend (PFD) as a version either for source coverage and for social coverage. This publication explores no matter if different states, international locations, or areas would get advantages from an Alaskan-style dividend. The publication additionally appears at attainable ways in which the version will be altered and improved.

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Extra resources for Alaska’s Permanent Fund Dividend: Examining Its Suitability as a Model

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3 Fall 2010 Revenue Source Book, Alaska Department of Revenue, December 2010. Fall 2008 Revenue Source Book, Alaska Department of Revenue, December 2008. Personal communication, J. Burnett (deputy commissioner, Alaska Department of Revenue) to G. Erickson, January 14, 2011. consumer price index for calculating the inflation-proofing amount; this transfer also requires an annual appropriation. 8 Alaska legislatures have never refused to make the required appropriations. 38 billion. 29 (in 1984).

48 Those arguing for a trustlike approach emphasized the need for prudent investment. Allowing the fund to be invested in shaky loans, social investments, or public projects would, they feared, invite a feeding frenzy among powerful political interests intent on getting their share. 51 The forces supporting a saving account prevailed. ”52 Several factors contributed to this outcome. ”56 By 1980, the truth of that assertion was hard to dispute. 4. Birth of the PFD: “Serendipity’s Triumph” The decision made in 1980 that the APF principal would be invested conservatively left open the issue of the earnings.

Bartlett 1955. Alaska Constitution, Article VIII, Section 2 (emphasis added). Kasson 1997, 14. Legislative Council of the State of Alaska in association with the Brookings Institution 1970, “Statement of Alpha Group,” 3, and “Policy Statements of Gamma,” 2. K. Miller 1970, 3. A key advisor to Gov. Miller regarding this proposal for a permanent fund was Roger Cremo, an Anchorage attorney who later became a prominent advocate of increasing the size of the Permanent Fund and having the budget endowed by the Permanent Fund’s earnings.

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