Presently, legislative bill SB164 is floating around the Alaska Legislature’s halls. This particular bill would allow Alaskans to invest some of their Permanent Fund Dividend in the proposed Alaska Gas Pipeline. Investing in a gas pipeline with an unstable world market is a gamble at best and akin to buying a $2.50 Nenana Ice Classic ticket, which brings me to the purpose of this letter.
Alaskans should be allowed to designate $2.50 of their annual Permanent Fund Dividend in an annual lottery for qualified PFD applicants. For example, according to year 2012 PFD records, there were 625,000 applicants. Multiply that number by $2.50, and you get $1,562,000 for the lucky winner.
There are more profitable pipelines to invest in than one that is still being proposed and may never get off the ground. I like the idea of an Alaskan becoming a millionaire on a yearly basis. A PFD lottery, should be the bill that is floating around the legislative halls. Who out there is willing to sponsor a PFD lottery bill ?