Sep 16, 2014

The Founder of the Singapore Permanent Reserve


The Singapore Reserve is permanent. It cannot be used by the Prime Minister, Cabinet or Parliament without an explicit written agreement from the elected President. Half its investment income can be used by the Parliament.

For comparison, the Alaska Permanent Fund is permanent. It's income is distributed as an annual citizen dividend to all residents. It's income can be diverted and used by the Alaskan politicians with a change to the Alaska Dividend law.

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