Skip to comments.Alaskans get $1,174 (yearly) checks from state's oil wealth
Posted on 10/10/2011 6:19:44 AM PDT by Libloather
Alaskans get $1,174 checks from state's oil wealth
The Associated Press
Oct 06, 2011
ANCHORAGE, Alaska - Most Alaskans will be getting $1,174 in Permanent Fund dividends on Thursday.
Voters passed a constitutional amendment in 1976 to establish the Permanent Fund as a way to stretch out the state's oil wealth for future generations.
(Excerpt) Read more at mobile.newsminer.com ...
Wonder what everyone is gonna do with that extra 3 bucks per day?
This is so wrong.
Alaskans should be sharing the funds with the rest of the country.
(do I really need to put the /s tag on it?)
What was even more upsetting, was all the people here who kept repeating this lie and refused to listen to, or attacked anyone who pointed it out.
I especially like this comment: « Stir_the_pot wrote on Thursday, Oct 06 at 05:22 PM »
Too bad the republicans are continuing to maintain every policy they can to destroy the economy. If they didn’t, the checks would likely be $11,000 instead of $1100.
Fairbanks Daily News-Miner
With comments like this one, Alaska is not the same place I used to live in back in Prepipeline days of yore. Kind of true for every newspaper comments section from sea to shining sea. They seem to attract the true nut jobs.
They would have to live up here a year before they get the first check... you can keep them down there.
Another Palin dividend!
Time to join Occupy Anchorage!
Well, maybe next summer...
That’s nice. All I get here in Maryland is higher tax’s so they can give the money to Casa De Maryland.
“This is so wrong.
Alaskans should be sharing the funds with the rest of the country.
(do I really need to put the /s tag on it?)”
I was just thinking this has to make Hussein really mad whenever he hears about it. His handlers have to had time to try to figure out how to steal it.
How about this for a scenario. Alaska secedes from the union, elects Sarah Palin president and becomes a leading oil exporting country. Maybe that’s her secret plan. Maybe all us Palin supporters need to move up there and secure that border.
You lived during yore? It maybe spelled 'your' now - eh?
Pay their inflated gasoline, diesel and fuel oil bills.
The money that started and adds to the permanent fund is from a portion of the royalties paid for the State Owned mineral rights.
This is not from the additional taxes, like the PPT or the ACES.
Also, most of the money now paid to Alaskans is actually dividends/profit from the large fund built up over the years. Each yearly oil payment is only about 20% of the dollars they receive.
The fund was set up so they could only payout about half the earnings and revenue. That way the fund continues to grow and will be a payout for the future.
Governor Palin did nothing to create or alter this fund and payment.
The taxes she raised go only to State Government spending. The permanent fund and the associated yearly check result for both oil royalties (which Gov. Palin did not change) and the investment of those dollars.
Don’t look at it as $3 p/da but almost $1200 per/annum. And just think there are a number of other states who could do the same if they were as smart as Alaskans. Drill baby, drill!!!!
How old do you think Palin is?
With a girlfriend (soon to be fiancee :) ) up there, I travel to Anchorage @ 8 times per year..... Gas is sig more expensive and it is NOT easy living from about now through April/May.
Having said that, I have absolutely no problems with the residents getting a yearly stipend. One more item, they need to be residents for 2 years ( I believe) before one is eligible for the dividend.
Only if they confiscated the already private owned mineral rights. Alaska was set up such that the State owns all the mineral rights outside of the Federal or Native owned lands from the beginning.
They need to be a resident for the entire previous year. I lived in Alaska for 4 years.
I think the oil company payments are even more generous than that. I met a couple at LAX one time who were Alaskans
just coming home from Vegas. They each got more than that, plus an Alaskan resident woman with a child under 5 gets a good payment....have a kid every five years = no need for a job....
Native Alaskans (ethnic) get much much more they told me.
Permanent Fund Payments vary every year, but they are exactly the same for every man, woman or child who was and a resident the previous year.
THE PERMANENT FUND DIVIDEND
Maybe for the PFP, but doesn’t Alaska subsidize ‘motherhood’ too?
There are lots of social programs not related to the PFD.
I didn’t realize you were trying to introduce a new topic.
There may be social welfare programs to pay low income supplementary support for children, but when we lived in Alaska with a child from age 2 and up, we never received any payments or heard any discussion of it from any of our friends with children.
We were fairly active in our church, particularly with children programs and helped support some that were not well off. I would have thought that if any standard program existed as you described, we would have heard of it.
This was just something that the couple I spoke with mentioned. It was in the context of solely being Alaskan residents, not just any US citizen.
We received the PFD for our children as well. If they counted that it would sound like a lot more when you talk about a family versus individual payment.
I know when we lived there, in the month before and after the payment is made, ads for big screen TV's and down payments for a new car flood the TV and newspapers.
Not really. Alaska has huge crude oil reserves and a small population, a ratio no other state would even remotely approach.
I made the huge mistake of dropping by Costco while in Los Anchorage last week. I had business in town and just wanted to check out the price on something. After wading through lines of baskets at every open checkout counter I realized what day it was. Obviously I exited asap. You could not pay me enough to go to WalMart on PFD day either
You have got to be joking
I like it . Ready to move.(summer home)
The biggest bonanza for the state would not be the royalty payments for that portion, but the job growth for 3 miles and beyond.
There is a lot of support industry for those offshore platforms, including the facilities that get built on-shore to handle the oil and gas produced.
They were probably trying to express the fact that even babies receive a dividend payout. A family with five children, for instance, will receive seven dividend checks. But a bachelor or a widow is only entitled to receive one dividend "share" per year.