Raising taxes in one industry to “cut” them in another does more harm than good;
http://seattletimes.nwsource.com/html/businesstechnology/2014601450_alaska27.html
The old saying, “Never bite the hand that feeds you!” still applies. And Palin has steadily lost local popularity as a result by her own doing.
The progressive tax moves up with the price of oil, and down.
It appears to me to be an excellent program to fund the state, keep unemployment down at 6.7% and make the citizens of Alaska stock holders in their own natural resource - oil.
What's the problem?