By Abhay Venkitaraman
Alaska: it’s a frigid expanse, peppered with a plethora of wildlife, barren tundra, and glaciers. What most people wouldn’t associate with it – however – is a revolutionary idea that has the potential to radically transform our way of life: universal basic income.
AdvertisementReplete with oil and gas reserves, Alaska’s government places 25% of its annual fossil fuel revenues into a ‘Permanent Fund’. The money is then invested in a variety of assets, with the returns on these investments funding an annual dividend that almost each and every Alaskan receives – irrespective of their income.Alaska’s UBI policy is […]
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