Alaska gives residents free cash handouts—here’s what Mark Zuckerberg thinks everyone can learn from it

Alaska gives residents free cash handouts—here's what Mark Zuckerberg thinks everyone can learn from it

The billionaire founder of Facebook Mark Zuckerberg spent his July 4th weekend in Alaska learning about fishing and local economics as part of his " Year of Travel Challenge ." In Alaska, all residents get a yearly cash payment just for living in the state.

The trip gave Zuckerberg yet another platform to lobby for universal basic income (UBI), as he did during his commencement address to Harvard in May.

Alaska has a state-wide version of UBI. In 1976, the state voted to create the Alaska Permanent Fund as the Alaska pipeline construction neared completion. The goal was to share the […]

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