Submariner (1000+ posts) Sat Oct-08-11 06:07 PM
Original message
Alaska's Permanent Fund gives $1174 of OUR oil money to each Alaskan
Alaska gives each Alaskan resident a nice big fat check each year derived from the state's oil company profits. I'd bet my next pay check that if Texas or Louisiana (two other big oil states) tried to pass the same type of state constitutional amendment, the other 46 states of the lower 48 would be screeching NOT FAIR, and I believe rightly so, and they would not get away with it.
Since Alaska IS part of the same nation as the lower 48 and Hawaii, how do they keep getting away with this scam of skimming profits from United States oil reserves and distributing it ONLY to residents in Alaska?
Permanent Fund deposits $1,174 in Alaskans' accounts
Associated Press
Published: October 6th, 2011 08:57 AM
Last Modified: October 6th, 2011 08:58 AM
Most Alaskans will be getting $1,174 in Permanent Fund dividends today.
It's a day widely anticipated by most residents, who get their yearly dividend from the state's vast oil wealth just for living in Alaska.
Most eligible Alaskans will get their dividends by direct deposit on Thursday. The rest will receive checks in the mail.
Voters passed a constitutional amendment in 1976 to establish the Permanent Fund as a way to stretch out the state's oil wealth for future generations.
http://www.adn.com/2011/10/06/2107280/permanent-fund-de...
With money kind of tight nowadays, I'm feeling kind of ripped off.
Doesn't Alaska get enough of our taxpayers money already?
I have worked all over the state, and it's a beautiful place, but I think it's time to share the dough with the rest of the country. After all, it's all our oil too. Maybe it's time to end this skimming scam.
Uben (1000+ posts) Sat Oct-08-11 06:12 PM
Response to Original message
2. Oh, Texas gets its share, too.....
......it just goes to a handful of mega-rich oilmen instead of the people.
Motown_Johnny (1000+ posts) Sat Oct-08-11 06:21 PM
Response to Original message
6. for one thing Alaska only has about 700,000 residents in the entire state
Edited on Sat Oct-08-11 06:22 PM by Motown_Johnny
So if you take the 710,231 that was the population total as of April 10 2010 and multiply it by the $1,174 per resident you end up with a measly $833,811,194.
Pocket change for oil companies.
If you want to be outraged then look at the federal money they get (while conservatives there complain about the federal government being evil and to intrusive).
http://economix.blogs.nytimes.com/2010/08/31/states-tha... /
^snip^
Alaska received nearly twice the national average, taking in $20,351.13 per resident, the most of any American state.
Besides, how else are you going to get Alaskans to vote for the destruction of their own state by big oil? You need to put everyone on the payroll or the wells literally dry up.
Blue_In_AK (1000+ posts) Sat Oct-08-11 06:27 PM
Response to Reply #6
7. What other state is over 65% OWNED by the federal government?
Edited on Sat Oct-08-11 06:28 PM by Blue_In_AK
In truth, only about 1% of the entire state is in private ownership. Nearly one-quarter of Alaskan jobs are with the federal government, compared to 13% in other states. That's just how it is. If the federal government owns the state, and they need workers to administer that ownership, then naturally more federal money is going to be spent here.
See this chart for a breakdown of who owns Alaska.
http://nrm.salrm.uaf.edu/~stodd/AlaskaPlanningDirectory...
I get really tired of this crap after explaining it over and over and over. Why don't you guys just sell us to Canada and let us get on with our lives?
Blue_In_AK (1000+ posts) Sat Oct-08-11 06:27 PM
Response to Reply #6
7. What other state is over 65% OWNED by the federal government?
Arizona, pretty much. I believe only about 11% is privately-owned, all the rest is Federal, Tribal, or State.
Seems the DUmmies don't understand that the resource was drawn from state land, not private land.
Basically, a royalty payment.
Had it been private, the royalties would go to the land owner if they had the mineral rights.
Typical DUmmie. All your stuff are belong to us.
It's kind of ironic that the party who once had a leader who made a speech that included "ask not what your country can do for you - ask what you can do for your country" has become the party whose every other statement is "give me."
QuoteSeems the DUmmies don't understand that the resource was drawn from state land, not private land.Yeah, and it was Sarah Palin that re-negotiated the distribution from the Oil and Gas companies.
Basically, a royalty payment.
Had it been private, the royalties would go to the land owner if they had the mineral rights.
Typical DUmmie. All your stuff are belong to us.
Bite on that, Dummies.
Alaska has been doing this since at least 1965 or so, which was from what I heard from cousins that grew up in Kodiak.
Even more ironic is the fact the DUmmie doesn't mention moving to Alaska. No, in typical DUmmie fashion he wants them to just send the money to him.
Still don't want to do anything for the $$$
KC
Bandit (1000+ posts) Sun Oct-09-11 10:56 AM
Response to Original message
12. They say ignorance is bliss, you must be very blissful..
Edited on Sun Oct-09-11 10:58 AM by Bandit
What does the words "Permenent Fund" mean anyway? It doesn't say anything about oil fund... Granted thirty years ago when the "Permenent Fund" was first created it was done with oil revenues, but now it is basically a huge bank account/investment fund and every Alaskan is a share holder in that fund.. Every year we get a dividend from intererst and investments earned from that fund NOT FROM OIL.. It is like someone getting interest on their savings account.. The interest is not the same thing as whaerever the original amount of money you started your savings account came from..It is not oil money, get over yourself..
Remember he Clampets that found oil on their land. Why should anyone finding black gold in their back yard not benefit from it it ?
Arizona, pretty much. I believe only about 11% is privately-owned, all the rest is Federal, Tribal, or State.
I'm sure the primitives would have no problem with that $1174-per-resident distribution, instead of being given each individual, being sent to the government in Juneau or Washington, the idea being that the government knows best how to spend money.Ahh, very true.
I wonder if the DUmmies would take that money along with the Alaska prices that go along with it...you know, $8/gal for milk, $10/gal for heating oil out in some of the more remote villages, and if you're caught with booze in dry towns, oh, poor DUmmies...
I wonder if the DUmmies would take that money along with the Alaska prices that go along with it...you know, $8/gal for milk, $10/gal for heating oil out in some of the more remote villages, and if you're caught with booze in dry towns, oh, poor DUmmies...I think you have to live there for three or five years before you're eligible to receive any money. DUmmies would never make it. Also, most of that land has no infrastructure, no utilities, and plenty of big-assed brown bears who like to eat stupid liberals.
Don't forget to include the portions of land occupied by the mexican drug cartels that the current administration has given up on protecting for US Citizens.....
Arizona, pretty much. I believe only about 11% is privately-owned, all the rest is Federal, Tribal, or State.
Why do DUmmies care who owns the land in Alaska? It's not like they were going to let anyone use it (ANWR).That is beyond beautiful, absolutely stunning really.
I think you have to live there for three or five years before you're eligible to receive any money. DUmmies would never make it. Also, most of that land has no infrastructure, no utilities, and plenty of big-assed brown bears who like to eat stupid liberals.
(http://i237.photobucket.com/albums/ff68/kayaktn/alaskafromtheair1.jpg)
(http://i237.photobucket.com/albums/ff68/kayaktn/alaskafromtheair2.jpg)
That is beyond beautiful, absolutely stunning really.Everyone should go at least once. It's worth it.
It's nice to know that there are still vast tracts of America that are not sullied with the presence of tree huggers, Disney fans, Marxtards, dykes and fairies. Warms the cockles o'me heart it does. :-)