More on Afghanistan's Mineral Wealth

If it is true that there is actually one trillion dollars in Mineral wealth in Afghanistan it would be good for the Afghan people to be given royalties of this mineral wealth as it is the legacy of their ancestors for thousands of years. If it could be arranged for all citizens of Afghanistan to receive and equal royalty yearly it could bring Afghanistan into the 21st Century and away from being one of the most economically poor nations in Asia.

To give you an example of where this kind of royalty of the common wealth has been successful just look at Alaska and how Alaska shares the wealth with Alaskan citizens there on a royalty basis. The royalties come from all the oil being pumped out of Alaska.

The following is a quote from the Alaska Permanent Fund from Wikipedia:

Alaska Permanent Fund

From Wikipedia, the free encyclopedia

The Alaska Permanent Fund is a constitutionally established permanent fund, managed by a semi-independent corporation, established by Alaska in 1976, primarily by the efforts of then Governor Jay Hammond. Shortly after the oil from Alaska’s North Slope began flowing to market through the Trans-Alaska Pipeline System, the Permanent Fund was created by an amendment to the Alaska Constitution to be an investment for at least 25% of proceeds from some mineral (such as oil and gas) sales or royalties. The Fund does not include either property taxes on oil company property nor income tax from oil corporations, so the minimum 25% deposit is closer to 11% if those sources were also considered. The Alaska Permanent Fund sets aside a certain share of oil revenues to continue benefiting current and all future generations of Alaskans. Many citizens^[who?] also believed that the legislature too quickly and too inefficiently spent the $900 million bonus the state got in 1969 after leasing out the oil fields. This belief spurred a desire to put some oil revenues out of direct political control.
The Alaska Permanent Fund Corporation manages the assets of both the Permanent Fund and other state investments, but spending Fund income is up to the Legislature. The Corporation is to manage for maximum prudent return, and not—as some Alaskans at first wanted—as a development bank for in-state projects. The Fund grew from an initial investment of $734,000 in 1977 to approximately $28 billion as of March 2008. Some growth was due to good management, some to inflationary re-investment, and some via legislative decisions to deposit extra income during boom years. Each year, the fund's realized earnings are split between inflation-proofing, operating expenses, and the annual Permanent Fund Dividend.