Yes and no.

We studied the Alaska Permanent Fund Dividend (APFC) when drafting the Oregon People’s Rebate so there are some similarities and important differences.

For example:

  • How much is each?
    • Alaska Permanent Fund Dividend: Average abut $1,350 over the last 10 years
    • Oregon People’s Rebate: About $750
  • What are the residency requirements?
    • Alaska Permanent Fund Dividend: 365 days in the calendar year
    • Oregon People’s Rebate: 200+ days in the calendar year
  • Where does the money come from?
    • Alaska Permanent Fund Dividend: Oil extraction taxes are invested and a portion of the dividends from those investments are paid out.
    • Oregon People’s Rebate: Of the money that Oregonians give huge corporations after $25 million, 3% of it is returned (rebated).
  • Is the source of the money sustainable?
    • Alaska Permanent Fund Dividend: No, because the AFPD is based on oil extraction. But, the people who designed the APFD knew that and they designed the APFD so that when the oil runs out the fund will continue to accrue interest, and that could be paid out.
    • Oregon People’s Rebate: Yes, the Oregon People’s Rebate is funded by the things we buy every day from huge corporations.
  • Will people become lazy or flock to the state?
    • Alaska Permanent Fund Dividend: No, neither of these has happened.
    • Oregon People’s Rebate: There is no reason to believe that this will happen in Oregon either. The fact that the Oregon People’s Rebate is estimated to be less than the Alaska Permanent Fund Dividend supports this.