green_cactus_IHB
New member
An interesting take on the economics of Alaska and how it might be difficult to pull off that "miracle" on a national scale. <a href="http://www.time.com/time/politics/article/0,8599,1839724,00.html">Alaskonomics</a>.
<blockquote>[Alaska] has four different taxes on oil, which produce more than 89% of the state's unrestricted revenue. On average, three-quarters of the value of a barrel of oil is taken by the state government before that oil is permitted to leave the state. Alaska residents each get a yearly check for about $2,000 from oil revenues, plus an additional $1,200 pushed through by Palin last year to take advantage of rising oil prices.</blockquote>
I'm waiting for the outrage from the so called conservatives around these parts about this redistribution of wealth and excessive taxes on corporations.
<blockquote>[Alaska] has four different taxes on oil, which produce more than 89% of the state's unrestricted revenue. On average, three-quarters of the value of a barrel of oil is taken by the state government before that oil is permitted to leave the state. Alaska residents each get a yearly check for about $2,000 from oil revenues, plus an additional $1,200 pushed through by Palin last year to take advantage of rising oil prices.</blockquote>
I'm waiting for the outrage from the so called conservatives around these parts about this redistribution of wealth and excessive taxes on corporations.