Claims: in alaska permanent fund

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21 Aug 2019
The Alaska Permanent Fund is a state-owned program that redistributes oil revenues to citizens, functioning as a form of social welfare.

That's exactly what the Alaska Permanent Fund is. The Alaska Permanent Fund is a state-owned fund that takes oil revenues and redistributes it to the citizens of Alaska. In a very basic sense, it is recognizing that all residents of the state are part owners of the natural resources that are taken from the land that they live in, and they recognize that and pay people for it.