In regards to liquidating the permanent fund dividend, let me offer some suggestions and also remedies to the perceived problems.
If we could change the PFD into a mutual fund and distribute shares instead of cash, it would then be up to the individual to decide if they want to hold on to them, or sell a few shares when needed.
Another problem avoided in doing this would be that the stock and bond markets would not sell off as it would prior to a full liquidation, if it were to take place. Also, capital gains taxes would have to be paid either by the state or the individual if there was a liquidation and cash pay-out, but if we all received shares instead of cash, it would be up to us to either hold them and not pay the taxes or sell them and incur a capital gains tax, as with any other mutual fund. I think many of us would hold the shares distributed to us.
We, the residents of Alaska, need to take action to protect what's left of this investment.