You are right. I do not object to taxation. I object to tyrrany of the majority in which a majority votes high taxes on the minority. The taxation burden should be shared with equal rates on all groups.
I see no need for the residents of Alaska to receive royalty checks. Residents of Alaska are free to live elsewhere. Any state can vote itself royalty checks in the same way. The results will be higher energy prices and less production. The residents of Alaska have gotten away with this scheme because there are relatively few residents and lots of energy in Alaska.
The state of Alaska has set a precedent for the rats to demand a windfall profits tax. I am not sure that McCain will be able to stop this bad law.
“I object to tyrrany of the majority in which a majority votes high taxes on the minority.”
Bingo! That’s it, right there. That is where the effort needs to go, and nip it at it’s roots.
One of these days a device will be created an implanted in all politicians and public servants. It will be a lie detector. Then, we will stand a chance.
You appear to be severely confused about the concept of ownership. The people of Alaskan own the mineral rights. The oil companies negotiate with the people of Alaska for the privilege of extracting and marketing the oil.