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Politics : CD's Incoherent Ramblings and Politics for Dummies Thread
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To: johnlw who wrote (77)10/20/2007 12:40:04 PM
From: koan  Read Replies (1) of 361
 
That is very intersting John, thank you! I knew none of that. And certainly Alberta is light years ahead of other states and Provinces in their thinking. From a quick read though, they would do well to adopt a fund more like Alaska's I think. And it sounds like the citizens know and want that.

We also started about 1976 and now have over $40 billion in our permanent fund and have probably distributed at least another $80 billion to residents and for the functioning of state goverment.

But our three cardinal rules are: to never touch the principle, never invest in Alaska and to inflation proof it every year.

A question: do Albertan's have to pay taxes?

As mentioned, Alaskan's have paid no taxes for 30 years and all alaskan's get a permanent fund dividend check every year. I just had mine put into my checking account for almost $1,700.
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