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05-20-2020, 09:13 PM
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Join Date: May 2007
Location: Central Alberta
Posts: 21,399
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We should be so lucky
Thank our politicians we're not.
ANCHORAGE, Alaska (KTUU) - Gov. Mike Dunleavy announced that the Alaskan Permanent Fund Dividend will be sent out early this year, and Alaskans should expect it July 1 instead of October. The announcement came at a press conference on Wednesday.
“We are in extraordinary times. We need to make sure that the people of Alaska have cash in their hands to help in this economy,” Dunleavy said. “I can’t think of a better time to do that than now, but we are going to have to wait for a month and a half.”
On July 1, all Alaskans that qualify for the PFD will be receiving the check, and the state has initiated the process to disburse the check. The legislature passed a budget with a $1,000 PFD in March.
[RELATED: Alaska Legislature passes a budget with $1,000 PFD]
The state Permanent Fund Dividend Division has received 671,364 applications for the PFD as of Wednesday, according to a statement from the governor's office. The state has already determined that 85% of those applicants are eligible for the payment and they will be the first to receive it in July. People with applications that are still being processed currently may not receive payments until July 23, Aug. 20 or a later date as the division will pay dividends monthly until all eligible Alaskans have received it.
Grizz
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"Indeed, no human being has yet lived under conditions which, considering the prevailing climates of the past, can be regarded as normal."
John E. Pfeiffer The Emergence of Man
written in 1969
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05-20-2020, 09:40 PM
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Join Date: May 2012
Posts: 2,535
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Ralf bucks.
But they get one every year never fail.
But the cost of living up there a G note won't take you far. Still nice to hear of some money going back to the working man.
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05-21-2020, 07:00 AM
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Join Date: Sep 2009
Posts: 2,187
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It's too bad that the HTF wasn't maintained, as Lougheed had engineered. We'd be sitting on $400bill that could cover a lot of stuff and provide provincial dividends off interest alone.
We could have been Norway/Alaska/Saudi.
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"It'd be nice if...."
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05-21-2020, 07:20 AM
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Gone Hunting
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Join Date: Feb 2009
Location: Lougheed,Ab.
Posts: 12,736
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[QUOTE=Badgerbadger;4173277]It's too bad that the HTF wasn't maintained, as Lougheed had engineered. We'd be sitting on $400bill that could cover a lot of stuff and provide provincial dividends off interest alone.
We could have been Norway/Alaska/Saudi.
[/QUOTE
What do we have that Alaska, Saudi and Norway don't?
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The future ain't what it used to be - Yogi Berra
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05-21-2020, 07:32 AM
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Join Date: Nov 2009
Location: Saskatoon
Posts: 1,592
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The problem with Sovereign Wealth funds is risk of political manipulation. Norway's fund has been manipulated by so called "ethical" investment strategy and more recently drawn upon by the Government to attempt to balance the books.
There is merit in saving for a rainy day, but huge reserves of capital bring market distorting forces.
Ralf bucks was just manipulation of the electorate with their own money.
All I am saying is; it isn't that simple.
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05-21-2020, 08:34 AM
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Join Date: Jul 2009
Location: GP AB
Posts: 16,228
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[QUOTE=hal53;4173280]
Quote:
Originally Posted by Badgerbadger
It's too bad that the HTF wasn't maintained, as Lougheed had engineered. We'd be sitting on $400bill that could cover a lot of stuff and provide provincial dividends off interest alone.
We could have been Norway/Alaska/Saudi.
[/QUOTE
What do we have that Alaska, Saudi and Norway don't?
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Equalization payments that primarily go to a huge arrogant leech, and rhymes with 'Quebec'.....
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'Once the monkeys learn they can vote themselves a banana, they'll never climb another tree.'. Robert Heinlein
'You can accomplish a lot more with a kind word and a gun, than with a kind word alone.' Al Capone
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05-21-2020, 12:44 PM
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Join Date: Jun 2007
Posts: 967
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[QUOTE=hal53;4173280]
Quote:
Originally Posted by Badgerbadger
It's too bad that the HTF wasn't maintained, as Lougheed had engineered. We'd be sitting on $400bill that could cover a lot of stuff and provide provincial dividends off interest alone.
We could have been Norway/Alaska/Saudi.
[/QUOTE
What do we have that Alaska, Saudi and Norway don't?
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Saudi ? Seriously ?
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05-25-2020, 02:22 PM
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Join Date: Apr 2020
Posts: 15
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The Kingdom is a different case but economists do use Norway, Alaska, and Texas with Alberta when comparing oil economies (correcting for their differences). No question, we trail them by a long shot.
And forget rebates, how about just a rainy day fund to help government spending through the downturn? It's not like we haven't seen this before. I see these massive government cutbacks as their way of publicly admitting incompetence at managing a boom and bust economy.
Sadly, in my experience working in gov't, I can assure you saving money was the last thing on government's mind during the "forever" boom.
(Yes gov't employed..please don't judge me )
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05-25-2020, 02:36 PM
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Join Date: Feb 2016
Posts: 669
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[QUOTE=hal53;4173280]
Quote:
Originally Posted by Badgerbadger
It's too bad that the HTF wasn't maintained, as Lougheed had engineered. We'd be sitting on $400bill that could cover a lot of stuff and provide provincial dividends off interest alone.
We could have been Norway/Alaska/Saudi.
[/QUOTE
What do we have that Alaska, Saudi and Norway don't?
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Trudeau
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Why hunt when I could buy meat?
Why have sex when I could opt for artificial insemination?
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05-25-2020, 02:43 PM
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Join Date: Apr 2012
Location: Edmonton
Posts: 8,302
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Quote:
Originally Posted by Badgerbadger
It's too bad that the HTF wasn't maintained, as Lougheed had engineered. We'd be sitting on $400bill that could cover a lot of stuff and provide provincial dividends off interest alone.
We could have been Norway/Alaska/Saudi.
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Trusting a politician with 4 billion dollars, is like trusting a fat kid with your ice cream cone.
The only way this might work is with a sovereign Alberta. The Federalists that walk amongst us, took the HTF from us.
BW
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05-25-2020, 04:08 PM
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Join Date: Nov 2009
Location: Saskatoon
Posts: 1,592
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Utter nonsense. Alberta spent it, all by themselves.
The electorate wants services, it just doesn't want increased taxes.
So, your glorious leaders spend the reserve fund until it is all gone.
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05-25-2020, 04:50 PM
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Join Date: Nov 2009
Location: Saskatoon
Posts: 1,592
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Heritage Trust fund is only worth about 30% more than in 1985, not even interest on investment.
So not entirely gone, at roughly $18B valuation, but an object lesson in unwise political manipulation of a Sovereign Wealth fund.
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05-25-2020, 05:37 PM
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Join Date: Mar 2009
Location: Medicine Hat
Posts: 3,219
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[QUOTE=hal53;4173280]
Quote:
Originally Posted by Badgerbadger
It's too bad that the HTF wasn't maintained, as Lougheed had engineered. We'd be sitting on $400bill that could cover a lot of stuff and provide provincial dividends off interest alone.
We could have been Norway/Alaska/Saudi.
[/QUOTE
What do we have that Alaska, Saudi and Norway don't?
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Lack of leadership
Lack of foresight
Equalization payments
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Participating in a gun buy back program because you think that criminals have too many guns is like having yourself castrated because you think your neighbors have too many kids...
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