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Universal Basic Income: Alaska Style

There is growing interest in the idea of giving every member of society a basic income, and Alaska has been doing something like that for almost 40 years. Mark Whitaker reports.

There is growing interest in the idea of giving every member of society a Basic Income, as a way of tackling extreme poverty and the loss of jobs caused by automation.

Pilot projects have been seen across the world - from India to Finland and Namibia to Canada - and there is talk of a one possibly happening here in the UK, in the city of Hull.

So, attention is being paid to the Alaskan model. The Arctic American state has been paying out an annual dividend to every one of its permanent residents - man, woman and child - for almost 40 years. They don鈥檛 have to do anything to get the money, and they can use it in any way they like.

The money comes from the state鈥檚 Permanent Fund, which invests a substantial share of the profits of oil production for the benefit of all its citizens. As a result of this dividend, arguably a form of Basic Income, its supporters say Alaska is the least unequal state in the whole USA.

But in the last three years, Alaskan politics has been dominated by an unresolved crisis. The State government has been trying to use money earmarked for the dividend for other purposes, and many claim that this is illegal.

Mark Whitaker reports from Alaska on a unique scheme, explaining its history and discovering why it has become so controversial.

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37 minutes

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Sun 29 Mar 2020 17:00

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  • Tue 24 Mar 2020 20:00
  • Sun 29 Mar 2020 17:00