Feb 18, 2014

The Scots should demand a citizen dividend fund before independence vote

Some of those pushing for an independent Scotland want a sovereign wealth fund to improve the economy. This will be absolutely disastrous for the fund and for the Scots. The clearest lesson is from Alberta's Heritage fund, which was set up for that purpose. The Heritage fund died within a few years as politicians diverted the money to "more urgent" uses.

The Scots should demand a well protected citizen dividend fund, like the Alaska Permanent Fund, which is reserved solely for paying out citizen dividends.
10 facts about Scotland’s oil and independence

The Fiscal Commission Working Group, including several acclaimed international economists and Nobel Prize winning Economists, has recommended that an independent Scotland establish an oil fund. This fund will ensure that the proceeds of oil and gas can be invested in long-term projects to improve Scotland’s economic position.

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