Originally Posted By: Steezo
^ This isn't money that's coming from the government though. It's money from oil revenue that the state constitution requires to be put into a fund rather than letting the legislature spend it all. And a portion of the interest is given to the people of the state every year. It was a great idea and it's worked out well for the people of Alaska. Although you could argue that the additional cost of living up here negates the benefit of the payout.


Yeah it is basically the state of Alaska extorting money out of private oil companies. Sounds pretty socialist and anti free market to me. Did Alaska do any of the hard work that the poor oil company did taking that oil out of the ground? John stossel would be ashamed of you.
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