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Alaska does not have a universal basic income. Alaska has a state, and therefore resident, owned oil resource that pays dividends to it's shareholders, the Alas
by friend_and_foe 3y ago
Alaska does not have a universal basic income. Alaska has a state, and therefore resident, owned oil resource that pays dividends to it's shareholders, the Alaskan population. There's no money being created, no tax paid to find it, there is only revenue from real production, that money is paid to the state by consumers of it's oil. You may want to conflate the two concepts but they are qualitatively and fundamentally different beasts. Alaska's dividend is more like a corporation paying dividends to shareholders, in fact it's exactly like that.