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- A tumblr site dedicated to the people and places that make up Oregon and Southwest Washington.
I'm an Alaskan who was there when the Alaska Legislature crafted the Permanent Fund legislation. I think Oregon has gone about this all wrong. The idea with the Alaska Permanent Fund was that you don't give away the surplus directly (in this case it was oil revenue), instead you invest the surplus and give a portion of the dividends to the people and designate another portion for an emergency fund. Each year that there are surpluses, the principle increases and the amount of the dividends depends on how successful the investments are. The state hangs on to the principle no matter what. In Alaska, this has resulted in a fund that now yields dividends that rival the value of oil revenue.
posted 2 years, 2 months ago
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