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Alaska has a basic income distributed to all residents (oil dividend). Alaskans want that increased regularly, despite falling oil revenue. That money has to co
by drak0n1c 7y ago
Alaska has a basic income distributed to all residents (oil dividend). Alaskans want that increased regularly, despite falling oil revenue. That money has to come from somewhere, and it's going to be the voting minority. This is not dictatorship, this is pure democracy in action - the popular vote. Tyranny of the majority.
- justin66 7y ago> That money has to come from somewhere, and it's going to be the voting minority. This is not dictatorship, this is pure democracy in action - the popular vote. Tyranny of the majority. This is a little like discussion of frictionless surfaces and spherical cows in high school physics. In reality, a lot of laws are written for the rich minority.
- drak0n1c 7y agoI agree that there is a lot of regulatory capture in lawmaking. However, this is a case of exactly the opposite. The cuts are happening to a relatively wealthy minority in Alaska (academics, college attendees, the engineering community, and oil corporations that depend on engineering schools) while more popular welfare and training programs go untouched.
- LifeLiverTransp 7y agoWho knew that the future could be cooked down into a paste- and squeezed on bread. Obviously nobody after us- we made sure of that with the cut to the history department.
- toomuchtodo 7y agoBut this is good. Those who the cuts impact will relocate to better states, and Alaska will be left holding that bag as oil revenues continue to decline. Market forces at work.