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A Permanent Endowment For The United States, Karl Widerquist

Karl Widerquist

This is a chapter from the book, "Exporting the Alaska Model." The chapter argues that the United States can create a permanent resource-based endowment that could finance both a substantial dividend (in the form of an unconditional basic income) and a significant portion of government spending, perhaps nearly all government spending. It argues why endowment financing is a more progressive alternative to the more traditional approach of taxation and regulation.