The Alaska Permanent Fund isn't exactly universal basic income, but offers similar benefits to UBI. Here's how it works.
Alaska's Permanent Fund Dividend gave residents over $1,300 in 2023.
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- The Alaska Permanent Fund distributes money to the state's residents as annual dividends.
- The fund isn't exactly universal basic income, but offers similar benefits to residents.
- Studies show Alaska's Permanent Fund Dividend reduces poverty and increases fertility.
Across the country, basic income pilots have tested what happens when participants receive cash with no strings attached.
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