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A Permanent Endowment for the United States

In: Exporting the Alaska Model

Author

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  • Karl Widerquist

Abstract

In the opening chapter of this book, Michael W. Howard and I defined the “Alaska model” as a (1) resourced-based (2) permanent endowment (3) used—at least partially—to fund unconditional cash dividends to all citizens or all residents. This chapter focuses on the second feature: the permanent endowment. Extrapolating from Gary Flomenhoft’s estimates for Vermont,1 this chapter argues that the United States can create a permanent resource-based endowment that could finance both a substantial dividend and a significant portion of government spending, perhaps nearly all government spending. Of course, a major jurisdictional issue would appear if the state and the federal governments of the United States were to attempt to create an endowment out of the same resource revenue at the same time. This chapter does not address that issue, but readers should be aware of it.

Suggested Citation

  • Karl Widerquist, 2012. "A Permanent Endowment for the United States," Exploring the Basic Income Guarantee, in: Karl Widerquist & Michael W. Howard (ed.), Exporting the Alaska Model, chapter 0, pages 163-167, Palgrave Macmillan.
    • Handle: RePEc:pal:etbchp:978-1-137-03165-5_11
    DOI: 10.1057/9781137031655_11
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    Cited by:

    1. Widerquist Karl, 2015. "The Piketty Observation against the Institutional Background: How Natural is this Natural Tendency and What Can We Do about it?," Basic Income Studies, De Gruyter, vol. 10(1), pages 83-90, June.

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