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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: TopCat who wrote (14012)	3/29/2012 3:31:20 PM
From: sm1th	Read Replies (1) \| Respond to of 85487

How does paying out an annual dividend represent "saved a portion of the money for the kids?" If koan is typical, they are all children.

To: TopCat who wrote (14012)	3/29/2012 9:08:27 PM
From: koan	Read Replies (1) \| Respond to of 85487

<<We knew the oil would run out, so we saved a portion of the money for the kids." How does paying out an annual dividend represent "saved a portion of the money for the kids?" At least Texas uses their permanent fund proceeds for education......that's for the kids. Well, since you don't know I will explain to you. But you have it all wrong. First, we spend a lot on our edcuational system. But to your question, the permanent fund was created as a tool to keep public support for the fund. So no one could raid it like they did in Alberta Canada which lost most of their soverign wealth fund by not being careful and putting in protections from the criminal elements who go theirs.