Palin's state reaps the windfall profits McCain decries

News Type: Event — Seeded on Wed Sep 3, 2008 5:49 AM EDT

Article Source: The San Francisco Chronicle

politics, palin, alaska, windfall-profits, oil-revenues

Welcome to the People's Republic of Alaska, where every resident this year will get a $3,200 payout, thanks in no small measure to the efforts of Sarah Palin, the state's Republican governor. That's $22,400 for a family of seven, like Palin's. Since 1982, the Alaska Permanent Fund, which invests oil revenues from state lands, has paid out a dividend on invested oil loot to everyone who has been in the state for a year. But Palin upped the ante by joining with Democrats and some recalcitrant Republican state legislators to share in oil company windfall profits, further fattening state tax revenue and permitting an additional payout in tax funds to residents.

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Groups: Heated Debate, Left of Center, Open Mic, Political Analysis, The Big 2008 Election
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4.3

{"commentId":2714043,"authorDomain":"redruby"}

Redruby

Excerpt:

Why is it a good thing for the folks up in Alaska to get a cut of exorbitant oil company profits, but not the rest of us, if we are all part of one nation? Didn't taxpayers from the lower 48 states buy the place from the Russians? Isn't it our federally collected tax dollars that have been subsidizing Alaska more lavishly than any other state, both before and after the bonanza of oil? And subsidizing Alaska mightily, despite the state's enormous oil revenue.

{"commentId":2714043,"threadId":"347065","contentId":"1819818","authorDomain":"redruby"}

3 votes

#1 - Wed Sep 3, 2008 5:51 AM EDT

{"commentId":2714261,"authorDomain":"ralphkimball47"}

ralph kimball

anyone can run for alaska state governor & sit in a chair & do nothing & balance the budget.

{"commentId":2714261,"threadId":"347065","contentId":"1819818","authorDomain":"ralphkimball47"}

1 vote

#1.1 - Wed Sep 3, 2008 6:58 AM EDT

{"commentId":2793158,"authorDomain":"angela593"}

angela593

Redruby--this is not intended to disrupt your thread just more info

Alaska has disbursed a steadily increasing dividend for the past two decades. Last year, more than half a million Alaskans received a dividend from the state of nearly $1,300 per person from their state. Far from reducing work incentives or promoting financial irresponsibility, the Alaska dividend has contributed substantially to job creation in the state and has allowed Alaskans to provide for their educations, health insurance, and retirement.

source: http://www.socioeconomic.org/Tax_Rebate_/tax_rebate_.HTM

this has been going on a long time When do the rest of us get our cut? This one size fits all policy talk gets old very quickly.
I guess the lower 48 was too busy paying the bills to notice these inequities. Thanks for the post.

{"commentId":2793158,"threadId":"347065","contentId":"1819818","authorDomain":"angela593"}

2 votes

#1.2 - Sat Sep 6, 2008 7:37 AM EDT

{"commentId":2714250,"authorDomain":"ralphkimball47"}

ralph kimball

this is nothing palin did personally. every alaskan gets $2,000 a year rebate from oil revenues. then there the revenues to state & local governments.

it's easy to balance a budget with alask'a small population & huge revenues poring in.

{"commentId":2714250,"threadId":"347065","contentId":"1819818","authorDomain":"ralphkimball47"}

1 vote

#2 - Wed Sep 3, 2008 6:57 AM EDT

{"commentId":2714434,"authorDomain":"acidreflux"}

AdipicAcid

Which only goes to support my call that any increased offshore drilling should be nationalized. If it's good enough for the Alaskans, it's good enough for the entire nation.

Why does it not surprise me that a state where every single citizen is a welfare recipient is Republican?

{"commentId":2714434,"threadId":"347065","contentId":"1819818","authorDomain":"acidreflux"}

2 votes

#3 - Wed Sep 3, 2008 7:32 AM EDT

{"commentId":2793191,"authorDomain":"angela593"}

angela593

In 1.2 I am not especially endorsing this idea. What about the rebate we just received? Does this idea take into account a severe recession. My point is that is sounds like Alaskans get 2 rebates? The old one and the new oil one. Any one know? Thanks

{"commentId":2793191,"threadId":"347065","contentId":"1819818","authorDomain":"angela593"}

2 votes

#4 - Sat Sep 6, 2008 7:44 AM EDT

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	Palin spouse was member of secessionist party	msnbc.com	Wed Sep 3	420
	Palin Favored the 'Bridge to Nowhere'	Consortiumnews.com	Wed Sep 3	0

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Palin's state reaps the windfall profits McCain decries

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