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
Viewpoints - Opinion Letters:
Your Opinion Letter to the Editor
Representations of fact and opinions in letters are solely those of the author.
The opinions of the author do not represent the opinions of Sitnews.
E-mail your letters
& opinions to firstname.lastname@example.org
Your full name, city and state are required for letter publication.
Published letters become the property of SitNews.
Stories In The News
photographs that appear in SitNews may be protected by copyright
and may not be reprinted without written permission from and
payment of any required fees to the proper sources.
E-mail your news &
photos to email@example.com
Photographers choosing to submit photographs for publication to SitNews are in doing so granting their permission for publication and for archiving. SitNews does not sell photographs. All requests for purchasing a photograph will be emailed to the photographer.