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| Iraq Permanent Fund potentials |
danster62 |
06/27/04 |
Hi Tomder,
I found via Google your question earlier this month about the idea of an Iraq Permanent Fund that would function for the Iraqi people like the Alaskan fund does for Alaskan citizens. This is an idea that has been banging around in my head since last fall. I finally put up a web site this month, www.alaskabucks.com. It is so new that I haven't even gotten it indexed.
Bush and more explicitly Powell and Bremer proposed the idea of an Iraq permanent fund a year ago, shortly after the end of overt hostilities. I think it didn't go over very well. One reason may have been that they were trying to sell it to honchos who were invested in older ways of doing business. Another may have been that the idea - socialistic as it may sound - was espoused by conservatives and was presented as a voucherization, where each citizen could then sell his share in the commons. For beads and blankets, perhaps.
Since the Alaska check comes every year, this is going to be a perennial idea. I hope with my web site to encourage the spread of the idea of the yearly oil dividend payment. The funds are there - in Azerbaijan, in Kazakhstan, in many countries, not just Iraq. The people need to know that payments can happen.
Now, I am curious as to your thoughts on probable futures of these countries. Will the sloping increase in the price of oil put all wealth in their hands?
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