Isn’t it funny that the home of Teahadist Sarah Palin, the home of the great rugged individualists and America’s Last Great Frontier is the home of a great socialist experiment? What am I talking about? The Alaska Permanent Fund and the Alaska Permanent Fund Corporation (APFC).
At the very beginning of the oil boom in Alaska, the Alaskan Constitution was changed to allow the diversion of state oil revenues to essentially a trust fund for future generations when the oil ran dry and as an extra source of income for each and every permanent resident of Alaska. This little stipend amounted to $2,072 per person in 2015.
So Alaska has a state sanctioned redistribution of the wealth…from the oil companies to the locals. Taking from the makers and giving to the takers. Who woulda thunk?