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Palin Raised Taxes On Oil Company Profits
The Seattle Times ^ | August 10, 2008 | By Ángel González and Hal Bernton

Posted on 08/30/2008 9:10:30 PM PDT by RushingWater

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To: RushingWater

I heard Mort the nut rip her on Hughs radio show. He was pysco.


21 posted on 08/30/2008 9:34:46 PM PDT by Brimack34
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To: papasmurf
This tax is not a win-win bill. This bill creates a windfall profits tax. The residents of Alaska are under the deluded notion that they own mineral rights. Alaska has passed a bill that taxes the rest of the country for the oil extracted in Alaska. This bill raises energy prices for the rest of the country so that the residents of Alaska can receive royalty checks.

I realize that this bill is popular in Alaska. The bill is nothing more than voting yourself someone else's property. If the residents of Alaska want to own mineral rights, they should purchase them.

The US government should auction mineral rights instead of this terrible leasing arrangement. The wireless spectrum has been auctioned creating property rights. The mineral rights in federal areas should be auctioned also.

22 posted on 08/30/2008 9:36:34 PM PDT by businessprofessor
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To: SMCC1

“Taxing oil in AK is A LOT different than Washington imposing a windfall tax for no reason. Alaskans own the natural resource per the state constitution.”

Excellent point. Palin is an innately great leader. I’m sure BHO and the left are tearing their hair out trying to get dirt on her that just doesn’t exist. What a concept :-)))


23 posted on 08/30/2008 9:37:19 PM PDT by llandres (I'd rather be alive and bankrupt than dead and solvent)
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To: SoConPubbie
It is really sad the level that some people on this conservative web-site will go to to cover-up bad behavior on the part of a Republican.

That's what happens when you have people who believe that being conservative and being Republican are the same thing.

Increasing taxes is not a good thing and is unnecessary.

It's only "good" for folks whose aim is to manipulate the behavior of others, i.e. distort the markets, something that is most definitely not "conservative" (though whether it is "neoconservative" is a different question).

People seem to forget that FreeRepublic is dedicated to conservative principles, not boosting the GOP.

See my original comment.

24 posted on 08/30/2008 9:38:54 PM PDT by rabscuttle385 (Don't steal. John McCain and Barack Obama hate competition.)
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To: Brimack34
He was pysco

That bad... did you get the impression that he was afraid his candidate of choice Obama was in trouble?

25 posted on 08/30/2008 9:39:41 PM PDT by Red Steel
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To: Sunnyflorida; 6323cd; catfish1957; AmericanInTokyo; 383rr; djsherin; GunsareOK; calcowgirl; ...
Ping to post 17.
26 posted on 08/30/2008 9:42:24 PM PDT by rabscuttle385 (Don't steal. John McCain and Barack Obama hate competition.)
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To: llandres
“Taxing oil in AK is A LOT different than Washington imposing a windfall tax for no reason. Alaskans own the natural resource per the state constitution.”

Gee, cannot blame Palin for that.

27 posted on 08/30/2008 9:43:39 PM PDT by Red Steel
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To: businessprofessor

“I realize that this bill is popular in Alaska. The bill is nothing more than voting yourself someone else’s property. If the residents of Alaska want to own mineral rights, they should purchase them. “

WHAT??? Am I missing something here? when you say that the Fed. Govt. should auction the rights off, that sounds like more federal control and take-over, which we do NOT need.

Seems to me that states should indeed own what they (already) have.


28 posted on 08/30/2008 9:46:31 PM PDT by llandres (I'd rather be alive and bankrupt than dead and solvent)
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To: businessprofessor

Sorry, but it is owned by the State, not the Fed.


29 posted on 08/30/2008 9:49:24 PM PDT by papasmurf (I ain't your Daddy's Conservative, OK?)
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To: Sacajaweau
Right...Bottom line...everyone benefits!!

Do the oil companies and their share holders, workers, and retirees benefit from higher taxes? Do non-Alaskans benefit from higher taxes on oil from Alaska?

30 posted on 08/30/2008 9:51:25 PM PDT by mountainbunny
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To: businessprofessor
Tell him that. (post 14)
31 posted on 08/30/2008 9:52:21 PM PDT by papasmurf (I ain't your Daddy's Conservative, OK?)
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To: llandres

Hey, leave him alone. He’s a business professor. /humor


32 posted on 08/30/2008 9:53:06 PM PDT by papasmurf (I ain't your Daddy's Conservative, OK?)
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To: papasmurf

The state should auction the mineral rights. The residents of Alaska are not owners of mineral rights. You need to engage in an economic transaction to own property. What economic transaction has made the residents of Alaska owners of mineral rights?

Public control is the opposite of property rights. If you support this Alaska bill, you should also support the rat plans for a windfall profits taxes. The rats also claim public ownership of mineral rights. The only difference is that the rats plan to distribute the royalties to a select group of voters. The result is the same: politicians control property rights and decides who benefits without assuming any risks of ownership.


33 posted on 08/30/2008 9:53:46 PM PDT by businessprofessor
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To: TheLawyerFormerlyKnownAsAl

Correct. In fact, Calif. still gets a lease payment from the many capped off wells off of their coast.


34 posted on 08/30/2008 9:55:02 PM PDT by papasmurf (I ain't your Daddy's Conservative, OK?)
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To: businessprofessor

“The US government should auction mineral rights instead of this terrible leasing arrangement.”

The thing that’s better about leasing rather than auctioning is that when oil companies lease, they do so based on their preliminary studies and “guesses”, if you will, of what’s beneath the ground. But they don’t know absolutely until they later do more in-depth (pardon the pun) probing, and often-times, they find the oil’s not there - this is what the idiot Dems/Pilosi and Reid don’t get. So, leasing makes sense, because oil companies have ample time to discover and bring resources out of the ground if they’re there, but if not, the lease ends at a specific time and they’re no longer stuck with it.

With “auctioning”, you bought it, you own it - tough luck if oil isn’t found to be there.


35 posted on 08/30/2008 9:58:22 PM PDT by llandres (I'd rather be alive and bankrupt than dead and solvent)
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To: SMCC1
Taxing oil in AK is A LOT different than Washington imposing a windfall tax for no reason. Alaskans own the natural resource per the state constitution.

The state constitution has encoded legalized theft. If you support this part of the state constitution, you should also support the rat plans to steal oil company profits. The rats claim public ownership of mineral rights entitling them to royalties.

36 posted on 08/30/2008 9:58:37 PM PDT by businessprofessor
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To: businessprofessor
The residents of Alaska are not owners of mineral rights.

According to the Alaska State Constitution they are.

L

37 posted on 08/30/2008 9:59:41 PM PDT by Lurker (She's not a lesbian, she doesn't whine, she doesn't hate her country, and she's not afraid of guns.)
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To: Rippin
Do you think the tax rates on Alaskan oil and NG co’s are high? Or are you just being negative?

How old are you?

Are you old enough to remember President Reagan's great line about Government not being the answer to the problem, but the problem itself?

There is no state in the grand Union of ours that have tax rates that are too low either on the citizens or on business.

We need to get back to Reagan's small "l" libertarian approach of cutting back the size of government, not increasing it.

In case you haven't figured it out yet, this action on the part of Governor Palin did not decrease the size of government or it's power or hold over the citizens of Alaska, it increased.
38 posted on 08/30/2008 9:59:44 PM PDT by SoConPubbie (GOP: If you reward bad behavior all you get is more bad behavior.)
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To: businessprofessor

The Alaska constitution says that the people are the owners of the states’ resources. The state is also obliged to develop the resources for the “maixmum benefit of the people.” I’m not saying I agree with it, but that’s what the constitution says.


39 posted on 08/30/2008 10:02:11 PM PDT by SMCC1
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To: papasmurf
Hey, leave him alone. He’s a business professor.

Please bring a sensible argument to the table. If you think that the Alaska law is different than rat plans, please make your case. It seems that many have a convenient view of property rights. If you can benefit from theft of private property, you think it is ok.

40 posted on 08/30/2008 10:02:37 PM PDT by businessprofessor
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