Frozen Assets

In Alaska, the Permanent Fund Dividend (PFD) program, which is meant to provide $1600 to every resident who has lived in Alaska for at least a year, has been proven to reduce poverty and increase quality of life; the program has even been credited for Alaska's status as the state with the second highest income equality in the country. The Fund is meant to disperse wealth from the state's natural resources - but despite it's overall success, decreasing profits from the oil and gas industries has put the Fund in peril as lawmakers cut payments instead of implementing income taxes to generate revenue.

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