Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Alaskans get $1,174 (yearly) checks from state's oil wealth
Newsminer ^ | 10/06/11

Posted on 10/10/2011 6:19:44 AM PDT by Libloather

Alaskans get $1,174 checks from state's oil wealth
The Associated Press
Oct 06, 2011

ANCHORAGE, Alaska - Most Alaskans will be getting $1,174 in Permanent Fund dividends on Thursday.

**SNIP**

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.

(Excerpt) Read more at mobile.newsminer.com ...


TOPICS: Crime/Corruption; Extended News; Government; News/Current Events; US: Alaska
KEYWORDS: alaska; checks; oil; wealth
Maybe the Wall Street 49ers are mining for loot in the wrong place.
1 posted on 10/10/2011 6:19:48 AM PDT by Libloather
[ Post Reply | Private Reply | View Replies]

To: Libloather

Wonder what everyone is gonna do with that extra 3 bucks per day?
Wowzers!


2 posted on 10/10/2011 6:27:46 AM PDT by Repeal The 17th
[ Post Reply | Private Reply | To 1 | View Replies]

To: Libloather

This is so wrong.
Alaskans should be sharing the funds with the rest of the country.
(do I really need to put the /s tag on it?)


3 posted on 10/10/2011 6:27:56 AM PDT by Vinnie
[ Post Reply | Private Reply | To 1 | View Replies]

To: Libloather
WHO does all that oil belong to?????

LLS

4 posted on 10/10/2011 6:28:53 AM PDT by LibLieSlayer ("Americans are hungry to feel once again a sense of mission and greatness." Ronaldo Magnus)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Libloather
Thanks to Governor Jay Hammond. I remember it well. Which really got my blood boiling when many here tried to make the claim it was Palin who did this, fought corruption in the Oil industry and gave back to the residents what the Oil Companies had “stolen” from them. When this had been going on for the last 35 years without fail, before Palin was still in diapers.

What was even more upsetting, was all the people here who kept repeating this lie and refused to listen to, or attacked anyone who pointed it out.

5 posted on 10/10/2011 6:29:15 AM PDT by PSYCHO-FREEP (If you come to a fork in the road, take it........)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Libloather

I especially like this comment: « Stir_the_pot wrote on Thursday, Oct 06 at 05:22 PM »
Too bad the republicans are continuing to maintain every policy they can to destroy the economy. If they didn’t, the checks would likely be $11,000 instead of $1100.

Fairbanks Daily News-Miner

With comments like this one, Alaska is not the same place I used to live in back in Prepipeline days of yore. Kind of true for every newspaper comments section from sea to shining sea. They seem to attract the true nut jobs.


6 posted on 10/10/2011 6:33:33 AM PDT by wita
[ Post Reply | Private Reply | To 1 | View Replies]

To: Libloather

They would have to live up here a year before they get the first check... you can keep them down there.


7 posted on 10/10/2011 6:38:59 AM PDT by hattend (If I wanted you dead, you'd be dead. - Cameron Connor)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Libloather
Alaskans get $1,174 (yearly) checks from state's oil wealth

Another Palin dividend!

8 posted on 10/10/2011 6:42:18 AM PDT by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: Vinnie
Alaskans should be sharing the funds with the rest of the country.

Time to join Occupy Anchorage!

Well, maybe next summer...

9 posted on 10/10/2011 6:44:17 AM PDT by moovova (Report my sarcastic, fear-mongering lies to www.AttackWatch.com by clicking HERE.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Libloather

That’s nice. All I get here in Maryland is higher tax’s so they can give the money to Casa De Maryland.


10 posted on 10/10/2011 6:45:21 AM PDT by Venturer
[ Post Reply | Private Reply | To 1 | View Replies]

To: Vinnie

“This is so wrong.
Alaskans should be sharing the funds with the rest of the country.
(do I really need to put the /s tag on it?)”

I was just thinking this has to make Hussein really mad whenever he hears about it. His handlers have to had time to try to figure out how to steal it.


11 posted on 10/10/2011 6:46:02 AM PDT by treetopsandroofs (Had FDR been GOP, there would have been no World Wars, just "The Great War" and "Roosevelt's Wars".)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Libloather

How about this for a scenario. Alaska secedes from the union, elects Sarah Palin president and becomes a leading oil exporting country. Maybe that’s her secret plan. Maybe all us Palin supporters need to move up there and secure that border.


12 posted on 10/10/2011 6:50:34 AM PDT by McGruff (Still a member of Sarah's Army)
[ Post Reply | Private Reply | To 1 | View Replies]

To: wita
...days of yore.

You lived during yore? It maybe spelled 'your' now - eh?

13 posted on 10/10/2011 6:50:34 AM PDT by Libloather (The epitome of civility.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Repeal The 17th
Wonder what everyone is gonna do with that extra 3 bucks per day?

Pay their inflated gasoline, diesel and fuel oil bills.


14 posted on 10/10/2011 6:53:44 AM PDT by thackney (life is fragile, handle with prayer)
[ Post Reply | Private Reply | To 2 | View Replies]

To: LibLieSlayer
WHO does all that oil belong to?????

The money that started and adds to the permanent fund is from a portion of the royalties paid for the State Owned mineral rights.

This is not from the additional taxes, like the PPT or the ACES.

Also, most of the money now paid to Alaskans is actually dividends/profit from the large fund built up over the years. Each yearly oil payment is only about 20% of the dollars they receive.

The fund was set up so they could only payout about half the earnings and revenue. That way the fund continues to grow and will be a payout for the future.

15 posted on 10/10/2011 6:57:48 AM PDT by thackney (life is fragile, handle with prayer)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Don Corleone
Another Palin dividend!

Governor Palin did nothing to create or alter this fund and payment.

The taxes she raised go only to State Government spending. The permanent fund and the associated yearly check result for both oil royalties (which Gov. Palin did not change) and the investment of those dollars.

16 posted on 10/10/2011 7:00:26 AM PDT by thackney (life is fragile, handle with prayer)
[ Post Reply | Private Reply | To 8 | View Replies]

To: Repeal The 17th

Don’t look at it as $3 p/da but almost $1200 per/annum. And just think there are a number of other states who could do the same if they were as smart as Alaskans. Drill baby, drill!!!!


17 posted on 10/10/2011 7:02:06 AM PDT by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-Qaeda" and its allies.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: PSYCHO-FREEP
When this had been going on for the last 35 years without fail, before Palin was still in diapers.

How old do you think Palin is?

18 posted on 10/10/2011 7:07:33 AM PDT by Anitius Severinus Boethius
[ Post Reply | Private Reply | To 5 | View Replies]

To: thackney

With a girlfriend (soon to be fiancee :) ) up there, I travel to Anchorage @ 8 times per year..... Gas is sig more expensive and it is NOT easy living from about now through April/May.

Having said that, I have absolutely no problems with the residents getting a yearly stipend. One more item, they need to be residents for 2 years ( I believe) before one is eligible for the dividend.

MFO


19 posted on 10/10/2011 7:14:09 AM PDT by Man from Oz
[ Post Reply | Private Reply | To 15 | View Replies]

To: elpadre
there are a number of other states who could do the same

Only if they confiscated the already private owned mineral rights. Alaska was set up such that the State owns all the mineral rights outside of the Federal or Native owned lands from the beginning.

20 posted on 10/10/2011 7:16:06 AM PDT by thackney (life is fragile, handle with prayer)
[ Post Reply | Private Reply | To 17 | View Replies]

To: Man from Oz
they need to be residents for 2 years ( I believe)

They need to be a resident for the entire previous year. I lived in Alaska for 4 years.

21 posted on 10/10/2011 7:17:11 AM PDT by thackney (life is fragile, handle with prayer)
[ Post Reply | Private Reply | To 19 | View Replies]

To: Libloather

I think the oil company payments are even more generous than that. I met a couple at LAX one time who were Alaskans
just coming home from Vegas. They each got more than that, plus an Alaskan resident woman with a child under 5 gets a good payment....have a kid every five years = no need for a job....

Native Alaskans (ethnic) get much much more they told me.


22 posted on 10/10/2011 7:20:20 AM PDT by Gaffer
[ Post Reply | Private Reply | To 1 | View Replies]

To: Gaffer

Permanent Fund Payments vary every year, but they are exactly the same for every man, woman or child who was and a resident the previous year.


23 posted on 10/10/2011 7:22:28 AM PDT by thackney (life is fragile, handle with prayer)
[ Post Reply | Private Reply | To 22 | View Replies]

To: All

THE PERMANENT FUND DIVIDEND
http://www.apfc.org/home/Content/dividend/dividend.cfm

24 posted on 10/10/2011 7:24:14 AM PDT by thackney (life is fragile, handle with prayer)
[ Post Reply | Private Reply | To 1 | View Replies]

To: thackney

Maybe for the PFP, but doesn’t Alaska subsidize ‘motherhood’ too?


25 posted on 10/10/2011 7:25:00 AM PDT by Gaffer
[ Post Reply | Private Reply | To 23 | View Replies]

To: Gaffer

There are lots of social programs not related to the PFD.

I didn’t realize you were trying to introduce a new topic.


26 posted on 10/10/2011 7:28:36 AM PDT by thackney (life is fragile, handle with prayer)
[ Post Reply | Private Reply | To 25 | View Replies]

To: Gaffer
Alaskan resident woman with a child under 5 gets a good payment

There may be social welfare programs to pay low income supplementary support for children, but when we lived in Alaska with a child from age 2 and up, we never received any payments or heard any discussion of it from any of our friends with children.

We were fairly active in our church, particularly with children programs and helped support some that were not well off. I would have thought that if any standard program existed as you described, we would have heard of it.

27 posted on 10/10/2011 7:33:51 AM PDT by thackney (life is fragile, handle with prayer)
[ Post Reply | Private Reply | To 25 | View Replies]

To: thackney

This was just something that the couple I spoke with mentioned. It was in the context of solely being Alaskan residents, not just any US citizen.


28 posted on 10/10/2011 7:47:48 AM PDT by Gaffer
[ Post Reply | Private Reply | To 26 | View Replies]

To: Gaffer

We received the PFD for our children as well. If they counted that it would sound like a lot more when you talk about a family versus individual payment.


29 posted on 10/10/2011 7:55:05 AM PDT by thackney (life is fragile, handle with prayer)
[ Post Reply | Private Reply | To 28 | View Replies]

To: thackney
Thanks thackney... I knew that I just wanted someone else to post it and you did. Thanks! The money belongs to the people of Alaska... and I would bet that the Alaskan public gets more Capitalism out of their part of it than the government does.

LLS

30 posted on 10/10/2011 8:03:04 AM PDT by LibLieSlayer ("Americans are hungry to feel once again a sense of mission and greatness." Ronaldo Magnus)
[ Post Reply | Private Reply | To 15 | View Replies]

To: LibLieSlayer
Alaskan public gets more Capitalism out of their part

I know when we lived there, in the month before and after the payment is made, ads for big screen TV's and down payments for a new car flood the TV and newspapers.

31 posted on 10/10/2011 8:08:22 AM PDT by thackney (life is fragile, handle with prayer)
[ Post Reply | Private Reply | To 30 | View Replies]

To: elpadre
And just think there are a number of other states who could do the same if they were as smart as Alaskans. Drill baby, drill!!!!

Not really. Alaska has huge crude oil reserves and a small population, a ratio no other state would even remotely approach.

32 posted on 10/10/2011 8:20:06 AM PDT by Will88
[ Post Reply | Private Reply | To 17 | View Replies]

To: thackney

I made the huge mistake of dropping by Costco while in Los Anchorage last week. I had business in town and just wanted to check out the price on something. After wading through lines of baskets at every open checkout counter I realized what day it was. Obviously I exited asap. You could not pay me enough to go to WalMart on PFD day either


33 posted on 10/10/2011 8:23:40 AM PDT by strongbow
[ Post Reply | Private Reply | To 31 | View Replies]

To: Don Corleone
"Another Palin dividend! "

You have got to be joking

34 posted on 10/10/2011 8:26:25 AM PDT by strongbow
[ Post Reply | Private Reply | To 8 | View Replies]

To: McGruff
...Alaska secedes from the union, elects Sarah Palin president...

I like it . Ready to move.(summer home)

35 posted on 10/10/2011 8:56:19 AM PDT by Vinnie
[ Post Reply | Private Reply | To 12 | View Replies]

To: thackney
I don't know, but what about off shore? I recall the VA governor stating off shore drilling would be a bonanza for the state treasury - or words to that effect.
36 posted on 10/10/2011 10:24:52 AM PDT by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-Qaeda" and its allies.)
[ Post Reply | Private Reply | To 20 | View Replies]

To: elpadre
In the state boundary, 3 miles I believe for Virgina, that mineral right would go to the State.

The biggest bonanza for the state would not be the royalty payments for that portion, but the job growth for 3 miles and beyond.

There is a lot of support industry for those offshore platforms, including the facilities that get built on-shore to handle the oil and gas produced.

37 posted on 10/10/2011 10:29:06 AM PDT by thackney (life is fragile, handle with prayer)
[ Post Reply | Private Reply | To 36 | View Replies]

To: Gaffer
"This was just something that the couple I spoke with mentioned."

They were probably trying to express the fact that even babies receive a dividend payout. A family with five children, for instance, will receive seven dividend checks. But a bachelor or a widow is only entitled to receive one dividend "share" per year.

38 posted on 10/10/2011 1:25:58 PM PDT by redhead (Don't START with me...you know how I get.)
[ Post Reply | Private Reply | To 28 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson