Quote:
Originally posted by PhiPsiRuss
Another, and perhaps better, option is for oil-rich nations to adopt Alaska's model. Alaska takes all of their profits from oil, divides it among Alaskan citizens, and just gives everyone a check once per year. This deprives Alaskan government officials of the opportunity to become corrupt. The money goes straight to the people.
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Places like Saudi Arabia and UAE do the same thing too. Give money to their citizens from the oil profits, that is. That's why Saudis never gave us citizenships even if we were born and spent years in their country. If you were a Saudi, you were made. The citizens did not have incentive to go out and work. That's the reason why there are so many foreigners in their country now, doing what Saudis should be doing. That is essentially one of their big problems now. So I don't really see how giving money to their citizens would make them more economically sufficient.
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