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A big chunk of this problem can be solved by eliminating the oil dividend given to all residents.
by basementcat 7y ago
A big chunk of this problem can be solved by eliminating the oil dividend given to all residents.
- ceejayoz 7y agoImagine the benefits if they'd done that from the beginning. (We don't even have to imagine. There's an existing example: Norway's socked away $200k per citizen for a rainy day. https://en.wikipedia.org/wiki/Government_Pension_Fund_of_Norway https://en.wikipedia.org/wiki/Government_Pension_Fund_of_Nor...)
- thehappypm 7y agoMany people would probably leave Alaska altogether if that was the case, which would be much worse for the tax base. The subsidy is crucial to keeping Alaska populated at all. They still collect various other taxes despite the subsidy.
- ceejayoz 7y agoThey'd leave over the removal of a $1-2k subsidy?