DIVIDENDS DON'T GROW ON TREES
By Ray Metcalfe
August 26, 2020
I'm reminded of this story every time I hear that whining sound, "Where's my PFD?" And the loudest echoes of "where's my PFD" seems to be coming from voters who have for decades, voted to elect Senators and Representatives who absolutely refuse to vote to tax for the extraction of the oil we all own.
DIVIDENDS DON'T GROW ON TREES.
Without taxing for the extraction of our oil, there will be no dividends. In 2005, 2006, 2007, and 2008, I helped the FBI put six of my fellow elected legislators behind bars for taking bribes in exchange for their votes to prevent the State from taxing for the extraction of our oil.
For the six years that followed, legislators taking bribes from oil were no longer in control of our legislature. In year one of no bribes, every Alaskan got a $3,200 dividend and Alaska immediately went from suffering billions in deficits to a three billion dollar a year surplus. During the six years of no bribes, Alaska saved up $17 billion.
But in 2014, the oil companies regained control of Alaska's Legislature. Senate Bill 21 was passed, deficits returned, and the $17 billion we had saved has now been spent covering the deficits.
Really want to know where your PFD went? The State doesn't have it. Your legislature voted to give your PFD's to BP, Conoco, and Exxon.
Like The Little Red Hen said, --- "if you want a dividend, you need to pitch in and help pry it from the greedy fingers of the oil companies that stole it." -- Want dividends? Then stop voting to elect legislators who give our dividends to oil companies! Ray Metcalfe Anchorage RayinAK@aol.com In 1982, Ray Metcalfe was Chairman of the House State Affairs Committee that reviewed Jay Hammond's PFD proposal, the Bill that established the 50% of Permanent Fund earnings formula for PFD payouts.
About: In 1982, Ray Metcalfe was Chairman of the House State Affairs Committee that reviewed Jay Hammond's PFD proposal, the Bill that established the 50% of Permanent Fund earnings formula for PFD payouts.
Received August , 2020 - Published August 26, 2020
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