• 25 percent tax on net profits, or the value of the oil minus operating expenses and pipeline and tanker charges. That compares with the 22.5 percent Petroleum Profits Tax passed in 2006. The tax rate rises when oil prices are high.
There's a pretty weak confession of the truth- a windfall profits tax. There is no defense for it. It is the same thing the Democrats want to do nation wide.
There are none so blind as those who will not see.
Also, from my understanding, oil Rights in Alaska are all "public" owned. The checks going to Alaskans aren't a "wealth redistribution" schema, but a mineral Rights lease payment from the oil companies to the people who actually own it. Elsewhere, this situation is reversed where the government owns the mineral Rights, a very unlibertarian arrangement.
So, you are FOR Fraud and AGAINST Property Rights. Are you sure you don't want to amend that statement?
In fact, the Alaska Permanent Fund is what our Socialist Insecurity system should have been set up like. Going from $700k to what... $20-$30 billion? In just 30 some years? Not a bad ROI at all. And based on an actual commodity instead of thin air and an even thinner promise.
So yeah... Palin is STILL a conservative despite your attempt at libel.