Socialism.
Not really... It’s more like a tax rebate.
Giving people their own money back is socialism?!!
Normally, I would immediately agree with you. In fact, it was the first word that popped into my head.
But Alaska might be a special case. I could be mistaken, but I believe that there is no income tax and there is no sales tax in Alaska. In fact, I think everyone in Alaska gets a check from the state and that this money comes from Oil rights or something. In this circumstance and in this setting, is it really socialist to distribute state surplus in this manner? It would seem strange to distribute surplus proportional to income in this setting.
I guess, unless I'm mistaken about the setting, I wouldn't think such a plan is actually unfair.
The state manages my share.
BTW they charge me a 75% managment fee.