Saturday, September 19, 2015

Serious Socialism in the US: Alaska

In Alaska, [...] the state owns the oil fields.

  Open Democracy
Okay, but I did not know this until today:  Alaskan residents are guaranteed a (variable) annual dividend from the sale of the oil.  All you have to be is a citizen.  The program has been running since 1982.
The PFD is derived from the returns of the APF’s investments. With some effort to smooth out the ups and downs, the dividend fluctuates with the markets. In 2008, the dividend (plus a onetime supplement of $1,200) reached a high of $3,269, which comes to $16,345 for a family of five. After the financial meltdown of 2008, the dividend has declined, reaching $878 per year in 2012. That’s still $4,390 for a family of five. Now that world markets have come back, the APF recently reach a new high of $46 billion. Higher dividends are likely to follow in a few years.
I'm beginning to get even a fuller picture of rabid Republican Sarah Palin and her clan.

Speaking of Sarah Palin, she only got to shoot wolves from her helicopters...



http://www.theguardian.com/us-news/2015/sep/19/california-deputy-shoots-helicopter-car-suspect

...but hey, do what you want...you will anyway.

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