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The Alaska Permanent Fund is fueled by oil company revenues so it really is people's money going to other people.

Is it Oil Company Revenues or is it the money that the Oil Companies pay to lease State land for drilling.

Sounds like a good plan if it is.
I wish Texas would do the same thing for Off shore drilling.

The oil company can't print money so it is a dollar for dollar shuffle from the people who buy the oil to the people of Alaska. It is a wealth distribution scheme. People who buy the oil pay a higher price to fund it.

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