Alaska Permanent Fund

The Alaska Permanent Fund (APF ) is a government- furnished fund that manages the profits from the local oil production of Alaska. The APF was established in 1976 through a referendum. The U.S. government was accused of spending the revenue from the oil business too quickly. Since then flow 25% of the revenues earned from the fund. Half of the annual net profits will be distributed through a dividend directly to the residents of Alaska. Each resident receives the same amount, which it can freely dispose.

In 1977 the capital stock was $ 734,000 and grew until 2012 to U.S. $ 45 billion. The inhabitants of each dividend paid share was U.S. $ 878 (around € 654 ) in 2012. The payment to the Alaskans made ​​at the request almost unconditionally.

The APF is also related to the unconditional basic income called, although the amount paid is not a living wage. He is cited as a prime example, as an unconditional basic income could be funded financed.

Dividend

The annual payment is recalculated each year and is dependent on the profits of the last five years, and the number of beneficiaries for that year. Applicants for a share of the dividend must not have a criminal record. You must be at least one calendar year Alaskans and without obligation, at the time of application, the intention to remain until further notice inhabitants. The proceeds are taxable income.

Since the founding of the APFs total of U.S. $ 20.1 billion was distributed to the residents of Alaska and in 2012 a check was written out to approximately 650,000 of the 710,000 inhabitants of Alaska.

Since 2008 there is the possibility of the program " Pick.Click.Give. " to donate a portion of the dividend a non-profit organization. This offer took in 2012 more than 23,000 inhabitants and donated a total of 2.2 million U.S. $.

In the years 1998 to 2012, the distribution was as follows:

2008, the actual amount paid increased due to a change in the law under Sarah Palin once by 1,200 to 3,269 U.S. $.