Iraqi Permanent Fund
The Iraqi Permanent Fund, an "oil wealth savings account modeled after" Alaska's Permanent Fund, was pitched by Alaska's senior Senator Ted Stevens to President George W. Bush and former Secretary of State Colin Powell in 2003. [1]
Proposal
"One more thing for the Coalition Provisional Authority and the Iraqi Governing Council to consider: the creation of something like Alaska's Permanent Fund to flow some percentage of state oil revenues through to each citizen. Huge oil revenues have produced wasteful, tyrannical states. Flowing through some of the money to citizens would provide a safety net and encourage the growth of a vibrant and independent private sector. Democracy requires not only a good constitution but a self-reliant people jealous of their rights. An Iraqi Permanent Fund would be a step in that direction." [2]
Contact details
INACTIVE URL: http://www.iraqipermanentfund.com/
Related SourceWatch Resources
External links
- Paula Dobbyn, "Share the wealth. Ex-Permanent Fund director pitches similar plan for Iraq," Anchorage Daily News, June 16, 2003.
- "Alaskans propose permanent fund to help Iraqis. Fund could help distribute oil wealth to Iraqi citizens," AP, June 17, 2003.
- Josh Marshall, "Give Iraqi oil back to the Iraqi people," The Hill, July 2, 2003.
- "An Iraqi Permanent Fund," Fairbanks Daily News-Miner, February 23, 2004 (posted at Expat Yank Blogspot).
- Michael Barrone, "Heartening progress in Iraq," US News, March 22, 2004.
