The Alaska Permanent Fund isn't exactly universal basic income, but offers similar benefits to UBI. Here's how it works.

The Alaska Permanent Fund isn't exactly universal basic income, but offers similar benefits to UBI. Here's how it works.

Alaska's Permanent Fund Dividend gave residents over $1,300 in 2023.Rocky Grimes/ShutterstockThe Alaska Permanent Fund distributes money to the state's residents as annual dividends.The fund isn't exactly universal basic income, but offers similar benefits to residents.Studies show Alaska's Permanent Fund Dividend reduces poverty and increases fertility.Across the country, basic income pilots have tested what happens when participants receive ca…