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Doesn’t Alaska have basic income? How do they afford it?
by adrr 7y ago
Doesn’t Alaska have basic income? How do they afford it?
- lonelappde 7y agoSmall population and they sell oil.
- mcv 7y agoOil revenue. It's not enough to live on, though.
- stronglikedan 7y agoPossibly a simplified answer, but the way I understand it is that the citizens own the oil rights, and get a cut.
- adrr 7y agoThat’s way it’s funded just Norway funds their social programs from oil revenues and tosses the extra in their sovereign wealth fund like Saudi Arabia. Alaska is listed on the wiki page for basic income.
- variaga 7y agoBriefly, the state of Alaska owns the oilfields in Alaska and makes money from selling the oil. That money is then partially disbursed to people living in the state. The actual payment has varied over time (with oil prices, mostly), peaking at $3269/person/year in 2008 but was only $878/person/year in 2012. https://www.opendemocracy.net/en/opendemocracyuk/alaska-model-citizens-income-in-practice/ https://www.opendemocracy.net/en/opendemocracyuk/alaska-mode... [former Alaska resident]