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If you mean the Alaska Permanent Fund, according to wikipedia: > The amount of each payment is based upon a five-year average of the Permanent Fund's performan
by Izkata 3y ago
If you mean the Alaska Permanent Fund, according to wikipedia:
> The amount of each payment is based upon a five-year average of the Permanent Fund's performance and varies widely depending on the stock market and many other factors.
> The lowest individual dividend payout was $331.29 in 1984 and the highest was $3,284 in 2022.
That's not what people are generally talking about with "basic income" - it's not anywhere near enough to meet basic needs, and it's not reliable due to the fluctuations.
- ben_w 3y agoI agree with you on this, and I think the best reference point on the question of greedflation specifically would be that pensions exist and yet pensioners often get discounts. It still isn't universal, merely suggestive.
- beej71 3y agoBut... It looks like it's safe, right? Nothing imploded in Alaska because of it? So how far can we push it before something implodes?