Steve Forbes Speaks. Who's Next? Bill Gates. The Money Is Coming to Buy Iraq Cheap...
So They better r/v high to atleast the dollar.
Steve Forbes advocates Iraq oil dividends, similar to Alaska's
Associated Press
HOT SPRINGS, Ark. - Former presidential candidate and billionaire publisher Steve Forbes on Tuesday said giving the Iraqi people a portion of oil profits would help secure the country against insurgents.
Forbes, the CEO of Forbes Inc. and editor-in-chief of Forbes magazine, said the country should create a fund similar to Alaska's permanent fund, which annually distributes dividends to eligible residents.
``Imagine if something like that was done in Iraq. Suddenly, everyone would want an address in Iraq,'' Forbes told about 350 people at the Arkansas State Chamber of Commerce/Associated Industries of Arkansas luncheon in Hot Springs. ``Suddenly, the bulk of the population would be on the side of fighting the fanatics who are trying to disrupt oil production.''
Established in 1976 after North Slope oil was discovered, the Alaska fund's dividends have been paid since 1982, ranging from $331.29 to a record high of $1,963.86 in 2000. This year, eligible Alaskans will each receive $1,106.96 from the fund.
Forbes, who unsuccessfully ran for the Republican presidential nomination in 1996 and 2000, said the war in Iraq and the potential for Iran to have nuclear weapons are the biggest uncertainties facing the American economy.
``One way or the other, we're going to have to deal with Iran,'' Forbes said. ``If we don't do it, to be blunt with you, I think
the Israelis will.''
Forbes and Wal-Mart Stores Inc. Vice Chairman John Menzer addressed the chamber during its annual meeting, and Forbes focused on what he said are the underestimated strengths of the U.S. economy.
Forbes, an anti-tax advocate, continued to promote the idea of a flat tax as the most fair way to reform the nation's IRS system.
``When you look at the biggest obstacle to American progress, it's the federal income tax code,'' Forbes said.
The billionaire, however, said he's not interested in running again for president in 2008, but said he'll still continue pushing for a flat tax and other tax reforms.
Menzer detailed several steps he said the world's largest retailer is taking to transform itself and its appeal.
Menzer, the former president and CEO of Wal-Mart International, said the company is continuing to look at new markets in India.
``The Indian government today is working toward opening a retail sector that would open foreign investment and allow us to enter that market,'' Menzer said.
DailyBulletin.com - Steve Forbes advocates Iraq oil dividends, similar to Alaska's
This by Archangel Has been moved to the Rumor Forum with This Title Below.
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