What Alaska’s oil dividend can teach us about Universal Basic Income

What Alaska’s oil dividend can teach us about Universal Basic Income

Survey shows the no-strings-attached check makes a real difference for Alaskans

Next month, like every October, any man, woman, or child who has lived in Alaska for at least a year will receive a dividend check from the Alaska Permanent Fund of the state’s oil revenues. This “no strings attached” payment can amount to $1,000–2,000 a year per person. At around $8,000 a year for a family of four, it’s not a trivial amount.

That makes the Alaska Permanent Fund dividend a real-world example of a Universal Basic Income, or UBI — a regular, unconditional cash transfer for everyone.The opportunity […]

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