Abstract
More than 50 states around the world now possess a Sovereign Wealth Fund (SWF), yet only the Alaska Permanent Fund (APF) directly distributes profits to national citizens. SWFs are government-owned investment vehicles, more than two-thirds of which have been established since the year 2000. This article seeks to discover why this recent proliferation of SWFs has not been matched with a similar increase in their use as a financing source for Basic Income schemes.
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