Alaska: Legislature Create Jay Hammond Day Honoring the Father of the Alaska Dividend (Alaska’s Basic Income)


Jay Hammond, AP

Jay Hammond, AP

According to the Associated Press, the Alaska Legislature approved a measure to designate July 21 as Jay Hammond Day. As governor of Alaska from 1974 to 1982, Jay Hammond was instrumental in the creation of the Alaska Permanent Fund in 1976 and of the Permanent Fund Dividend in 1982. The Dividend is Alaska’s basic income, given out as a yearly dividend varying in size depending on stock market returns over recent years. Alaska probably would have had the Permanent Fund with one of many other politicians in office as governor, but the Dividend is very unlikely to have happened with Hammond’s eight years of campaigning and lobbying for it.

For news stories about the creation of Jay Hammond Day, go to:
http://www.ktuu.com/news/legislature-approves-designating-jay-hammond-day-ktuu-20130412,0,3031759.story
http://www.therepublic.com/view/story/da2ed54b23504210a71a9c68f3fb384b/AK-XGR–Jay-Hammond-Day
http://radiokenai.net/jay-hammond-day-bill-going-to-gov-parnells-desk/

About Karl Widerquist

Karl Widerquist is a Visiting Associate Professor at Georgetown University School of Foreign Service in Qatar. He holds a Ph.D. in Political Theory from Oxford University and a Ph.D. in Economics from the City University of New York. He is coauthor of Economics for Social Workers and coeditor of the Ethics and Economics of the Basic Income Guarantee. He has contributed to journals such as Politics, Philosophy, and Economics; Political Studies; and the Eastern Economic Journal.
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