Alexander Hoke

PFD legislative history: Created in wisdom, subverted in folly

Alaska citizens are about to be written out as owners of the Alaska Permanent Fund. The Permanent Fund Dividend currently defines you as a shareholder in this massive investment fund. In fact, many of us have been share-holders for 34 years now. The earnings of the Permanent Fund have historically been used only to pay dividends, inflation-proof the fund and cover dividend program costs, but that is about to change. 

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