Viewpoints: Letters / Opinions
Walker's big take from economy
By James Dornblaser
April 05, 2017
The Ketchikan Borough Assembly faces a dilemma! Sales tax issues are foremost on their agenda. Same is true with most of our state's local governments. They face the question of how to make up the shortfall caused by our governor's brainchild of confiscating 1/2 of all our permanent fund dividends last fall.
My math for KGB: 14,000 residents x $1,000 PFD reduction = $14 million missing from the local economy since last October. If that money stayed local, was spent multiple times locally, my guess no further sales taxes would be necessary now.
BUT NO, your local assembly now must make up the shortfall!
Thank you Mr. Walker, You didn't solve a problem, you just passed the buck down the line!
A final thought; Was not Walker's action like spending the principal of an investment rather than waiting for the earnings?
So what's your next move Mr. Governor? Sign another order to confiscate the PFD's principal? Remember when originated, the permanent fund was half for government & half for the people. Our elected oficials have managed to squander their share so far & now are beginning on ourshare. (The original architects of the funds must have known the people's spending WAS the local economies!)
Thorne Bay, Alaska
Received April 05, 2017
- Published April 05, 2017
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