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Alaska is a state, not country. The highest the Alaska oil royalty has ever been was $2,072 in 2015. I think they are now capping it at $1000. The median hou
by stretchwithme 9y ago
Alaska is a state, not country.
The highest the Alaska oil royalty has ever been was $2,072 in 2015. I think they are now capping it at $1000.
The median household income in 2015 was $73,355, the third highest in the country. Certainly the royalty was enough to move it from number 5 to number 3.
I suspect the royalty does not have much to do with this high income. And this is EXTRA money, not money taken from the populace and then given back to them as UBI would be.
Interestingly, "Alaska has more residents on welfare, per capita, than any other state in the nation" according to the Alaska Dispatch News.
And, yes, not many rich people live in Alaska. Maybe the climate is a reason. Maybe it's the lack of big cities.