The companies and their cronies promoted a plan to cut the dividend. Here, slightly edited, is some pre-vote commentary by a dividend supporter. One of the strongest social policy indictments made against US state governments is the unacceptable condition of children who are born into and grow up in absolute poverty. Alaska is THE exception to that rule. It also does not require a demeaning means test or endless interaction with any bureaucracy, public or private.
Poor people spend their money locally .
Almost all of the PFD dollars represent income to local merchants, wages to their employees and increased seasonal employment. The effect of the PFD cut would be sharply deflationary, decreasing employment in the private sector and forcing many smaller, locally owned and operated businesses into bankruptcy. Thanks to Dae Miles and Douglas Yates for passing this news along. Your name Your email address Check this box if you'd like to receive occasional Economic Justice Updates via email. No more than one every three weeks on average.