Universal Basic Income: Alaska

Is paying out an annual dividend to every permanent resident a model to follow to help us out of our current predicament?

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One way to help us out of the current financial predicament would be to offer everyone a ‘basic income’:

Universal Basic Income

And there’s been interest across the political spectrum:

Free money for all goes from pipedream to possibility | telegraph.co.uk

Is universal basic income the answer to coronavirus in the UK? | labourlist.org

Farage Calls for Temporary Universal Basic Income During Coronavirus Crisis | breitbart.com

Today, a letter was published from “senior NHS figures and medical leaders, leaders of the charity sector, Members of the Houses of Lords and Commons, local Councillors, political party leaders and senior academics:”

Letter: the UK needs a Universal Basic Income | opendemocracy.net

But the government isn’t keen:

Coronavirus: Chancellor rejects widespread calls for universal basic income, saying government ‘not in favour’| independent.co.uk

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This week, Radio 4 looks at how it’s working in Alaska:

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Universal Basic Income: Alaska Style

There is growing interest in the idea of giving every member of society a Basic Income, as a way of tackling extreme poverty and the loss of jobs caused by automation.

Pilot projects have been seen across the world – from India to Finland and Namibia to Canada – and there is talk of a one possibly happening here in the UK, in the city of Hull.

So, attention is being paid to the Alaskan model. The Arctic American state has been paying out an annual dividend to every one of its permanent residents – man, woman and child – for almost 40 years. They don’t have to do anything to get the money, and they can use it in any way they like.

The money comes from the state’s Permanent Fund, which invests a substantial share of the profits of oil production for the benefit of all its citizens. As a result of this dividend, arguably a form of Basic Income, its supporters say Alaska is the least unequal state in the whole USA.

But in the last three years, Alaskan politics has been dominated by an unresolved crisis. The State government has been trying to use money earmarked for the dividend for other purposes, and many claim that this is illegal.

Mark Whitaker reports from Alaska on a unique scheme, explaining its history and discovering why it has become so controversial.

Universal Basic Income: Alaska Style – BBC Radio 4

Map Alaska Flag – Free image on Pixabay

   
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