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A Permanent Plan for the Alaska Permanent Fund.
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A Permanent Plan for the Alaska Permanent Fund Jennifer Greene LL 101: Argumentative Writing J. Mark Dudick July 21, 2003 In 1977, Alaskans had the undeniable good sense and extraordinary foresight to establish the Alaska Permanent Fund. We realized the importance of putting away a portion of the state's one-time oil wealth, acknowledged that one day the stream of income from the oil would be gone and wanted to ensure that future generations of Alaskans would benefit from our prudence. Since it's inception, with an initial deposit of $734,000, we have been steadfast in building the Fund, and over the years, we have created one the hundred largest savings accounts in the world, today valued at nearly $25 billion, exceeding such prominent financial establishments as the Rockefeller Foundation, the Ford Foundation, and the J. Paul Getty Trust (APFC, 1997, chap. 1). The growth of the Fund is not only a result of saving,...
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