The PFD fund is multi-billions in value, and they only disburse a small amount of interest. I don’t think that is socialism, that is derived from oil taxes, that’s capitalism and it is a big shot in the arm for the Alaskan economy.
I lived up there for 16 years and got various amounts.Did I work for it? No. I just did some service for just a couple oil companies, I only contracted and didn’t work for them directly, but without the PFD being created the oil companies would have just had bigger profits and would have given it to their shareholders (who don’t work for it either).
Am I just not understanding you correctly or are you trying to argue that the PFD is not socialism?
“without the PFD being created the oil companies would have just had bigger profits and would have given it to their shareholders”
Isn’t that what capitalism is supposed to be about? Taking money from the companies and shareholders and giving it away is socialism.