Reply #2: Do you never receive interest from any bank account? [View All]

[Toots]

This is not from oil revenue it is from their "Permanent Fund" which is nothing more than a large bank account that gets the interest it receives divided up among Alaska residents. You really should get more informed before spouting off. The "Fund" originally was created from oil leases and royalties but since it's conception it is nothing but a very large bank account that the people of the state will not let anyone tap into. Actually the people only receive one quarter of the interest. The state receives one quarter and the other half is put back into the fund to grow it. It is actually a very slick idea and amazing the rest of Americans are not aware enough to create their own such situation. They apparently just want to bash some Americans for saving their money.