•Yang references NBER Working Paper No. 24312 to credit that the Alaska Permanent Fund Corporation has had no effect on overall job growth, but has increased part-time job growth by 17% when compared to a control with no dividend fund.
•Key points to the APFD: in order to receive you must be a resident of Alaska for a year and must not have been charged/convicted/sentenced with a felony (or select misdemeanors) within the last year to receive the fund. Funds come from taxing oil companies.
unemployment rate remains one of the highest in the nation, hovering just around 3 percentage points higher than the national average.
•Looking further at the NBER Working Paper, the proposed dividend shows to only be beneficial during economic recessions, with trendlines of the dividend being outpaced by the control during economically prosperous years (currently estimated that the dividend lacks behind the control.)
official website, he proposed to pay for a UBI via placing a VAT on tech giants. To see this effect, it's
important to look at how the dividend has effected oil companies in Alaska.
•Oil employment continues to struggle, with the number of jobs dropping during both economic recessions and economic stagnation in the state. Only few years have shown net growth in the oil industry, which Alaska was dependent on until recently (and is still a major contribution to the economy.)
•Oil and construction are economic drivers in Alaska; however, in recent years, oil has seen up to, and sometimes over, a 15% job loss and construction just around half that.
•According to Alaska's
Department of Public Safety, substance abuse has reached one of the top in the nation. Giving question as to where the dividend is truly being spent (not to mention the dividend is still taxable income...)
•A key differencd between Alaska's
dividend is independent of age, whereas Yang's
starts at 18 years old. So, Yang isn't
truly capitalism not starting at zero.
•All facts/stats not sourced: Bureau of Labor Statistics, US Census Bureau or Department of Labor and Workforce Development as indicated in the figure.
•What are your thoughts?