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>So there seems to be precedent that this can work, if you have a massive sovereign wealth fund that is fed by revenues from shared resources. Sure, if you hav
by notdrunkatall 13y ago
>So there seems to be precedent that this can work, if you have a massive sovereign wealth fund that is fed by revenues from shared resources.
Sure, if you have a virtually limitless supply of free money, you can give away free money. Alaskans like the fund so much because a) that money goes into their pockets rather than the pockets of politicians or the wealthy and well-connected, and b) it's not welfare. Unless you have a large resource/population ratio, basic income generally isn't feasible.
- mjcohen 13y agoOf course it's welfare. That doesn't mean it's bad, it just means that they are not doing any work to get it.
- kooshball 13y agoHow is it not welfare? It's free money from the government.
- notdrunkatall 13y agoIt's not welfare as welfare is commonly understood: a subsidy for the poor that everyone else pays for. To Alaskans, it's just free money, so the negative connotations that typically come with the welfare label don't apply.