Smaller dividend tells the story

Letters to the editor

Posted: Thursday, October 21, 2004

Nov. 2, 2004 is closing fast. How should I vote?

If you don't trust the political ads, photo ops, or mutilated media, follow the money trail. Not the money they spend to get your vote but the real money that ends up in your pocket.

The Alaska Permanent Fund is the largest government-sponsored investment in the history of this country, nearly $30 billion invested in the stock market. This is a diverse portfolio ranging the full spectrum from high- to low-risk. Since 1980 our payback rose year by year. In the year 2000 the dividend from that investment was about $2,000 per resident of Alaska. After four years of the current administration it has melted down to $900 per resident of Alaska. That's $100 less than the first pay-out in 1980, before investment in the stock market. This is a negative return on the original investment.

Money does talk, it talks the language of this administration. With one small difference: It doesn't lie.

Charlie Rice


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