What is the Purpose of the Permanent Fund?
The Permanent Fund is a device to convert temporary income from the
sale of state property (such as oil gas, timber, coal) into a renewable and sustainable
source of income for the purpose of paying cash dividends, resulting from successful
management, to eligible residents of Alaska.
The dividend program is established for the public
of implementing, in a known and measurable way, the state's constitutional (Article VIII
Sec. 2) requirement to maximize the benefits of Alaska's natural resources for all the
The Permanent Dividends achieve the following public
(1) To equally distribute our public wealth, without regard to age, sex, race,
creed, color, economic status, geographic location or political power affiliation.
(2) To establish a stable statewide economic floor which would not
otherwise exist in all areas of the state.
(3) To minimize the historic boom/bust economic cycle resulting in
economic "poverty", welfare dependency, & related economic stress causing
multiple social problems, such as violence, alcoholism, child abuse, and criminal
(4) To maximize individual responsibility for the management of each person's own
portion of their public wealth and those of their dependents, by allowing each individual
the personal freedom to invest their money in their own education, housing, medical
care and other needs as the individual sees fit based upon that person's attitudes, values
and cultural heritage.
(5) To reduce government paternalism, uneven wealth distribution, and government
waste inherent in the political system.
(6) To promote the conversion of the Alaskan economy from a self-serving
paternalistic system benefiting the very few, into an economy where each person directly
benefits in a known and measurable way from his public wealth.
(7) To reduce the cost of living for all state residents by promoting large and
small scale business growth in a competitive economic environment.
Weidner, a local guardian of the Alaska Permanent Fund and founder
of the Dividend.
ITA disclaimer: Editorials by various authors in our guest
section have been reprinted for your information and entertainment. The authors are not
necessarily members, nor do they necessarily agree with the philosophy, aims, or
endorsements of the Interior Taxpayers' Association.
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