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.
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© 2012 Karl Widerquist and Michael W. Howard
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Widerquist, K. (2012). Citizens’ Capital Accounts: A Proposal. In: Widerquist, K., Howard, M.W. (eds) Exporting the Alaska Model. Exploring the Basic Income Guarantee. Palgrave Macmillan, New York. https://doi.org/10.1057/9781137031655_13
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DOI: https://doi.org/10.1057/9781137031655_13
Publisher Name: Palgrave Macmillan, New York
Print ISBN: 978-1-349-66826-7
Online ISBN: 978-1-137-03165-5
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)