Payout dividend fine, but save for the kids

Posted: Monday, March 15, 2004

I am all for the payout but I think the state should hold all the kids' PFD's for the simple fact that most of the parents would spend their children's money.

The state should hold the children's PFD until the age of 18 so that they won't miss out on the money. I know if the state does not hold it the children's money would have been spent by the time he or she turns 18.

Also, it would make it better because of the kids having kids in Alaska, and I'm willing to bet that most of them are between the ages of 16 to 24 and have anywhere from one to six kids. They are too young and not responsible enough to hold their children's money.

Now let's say a family that does not work but has five kids plus themselves - that's seven PFD's totaling $140,000. You cannot be sure that they would put their children's money away for them. So I say do the payout but take all the children's PFD's who are not 18 yet and hold it until they turn 18. This may sound impossible, but I know the state can do it and that it will work.

John Hawkins Jr.


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