Citizens’ Capital Accounts: A Proposal

Abstract

This chapter proposes a personalized version of Alaska’s Permanent Fund (APF) and Permanent Fund Dividend (PFD) system, called “Citizens’ Capital Accounts” (CCAs),² which will combine some of the benefits of basic income and stakeholder grants. CCAs make for a more flexible and meaningful use of revenue than an equal-sized basic income, resource dividend, or stakeholder grant.

This idea grew out of many discussions over a long period of time. Thanks to everyone who participated in those discussions. I can’t remember everyone, but I will make sure to name Michael Howard, Erik Wright, Anne Alstott, Philippe Van Parijs, Bruce Ackerman, Michael Lewis, Julian Le Grand, Hillary Silver, Diego Hernandez, and Alan Halfpenny.