snafu Posted May 17, 2010 Posted May 17, 2010 Relative to the old system, Mrs. Palin's plan -- called "Alaska's Clear and Equitable Share" (ACES) -- improves incentives for developing new resources. It ensures the state does well in boom times -- as it is doing now -- when oil prices are high. But it also hedges against low prices in the future by ensuring that oil companies exposed to commodity price swings don't face a crushing tax burden when commodity prices fall. http://online.wsj.com/article/SB122057543526201877.html Quote "You can't stop insane people from doing insane things by passing insane laws. That's just insane!" Penn & Teller NEVER FORGOTTEN
snafu Posted May 17, 2010 Author Posted May 17, 2010 The real comparison is not between Mr. Obama's windfall profit tax and Mrs. Palin's risk-and-profit-sharing plan. It is between Alaska's constitutional rule -- that the people must share directly in the state's mineral wealth -- and Mr. McCain's proposal that coastal states should share in federal offshore oil revenue. His plan is for the funds to be used for public purposes like roads, schools and conservation. A share of royalties dramatically improves the coastal states' incentive to support drilling. But if Mr. McCain offered every individual American a royalty check too, he might find it easier to sell his program. Quote "You can't stop insane people from doing insane things by passing insane laws. That's just insane!" Penn & Teller NEVER FORGOTTEN
snafu Posted May 17, 2010 Author Posted May 17, 2010 Alaskans suffer highest gas prices in the nation Gov. Sarah Palin has proposed using some of Alaska's fat budget surplus to send one-time $1,200 energy-relief checks to all state residents, to suspend the state's 8 cent-per-gallon gasoline tax and other measures for immediate assistance. http://www.reuters.com/article/idUSN1846675020080718 Quote "You can't stop insane people from doing insane things by passing insane laws. That's just insane!" Penn & Teller NEVER FORGOTTEN
hugo Posted May 17, 2010 Posted May 17, 2010 Nice way to put a pretty face on a tax increase. Kill her. Quote The power to do good is also the power to do harm. - Milton Friedman "I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents." - James Madison
snafu Posted May 17, 2010 Author Posted May 17, 2010 (edited) God bless Sarah and may the nation follow your lead!. Edited April 2, 2016 by rem Quote "You can't stop insane people from doing insane things by passing insane laws. That's just insane!" Penn & Teller NEVER FORGOTTEN
hugo Posted May 17, 2010 Posted May 17, 2010 (edited) God bless Sarah and may the nation follow your lead!. Obama is following her example. Has not socialized the nation's mineral wealth yet, but he is socializing healthcare and the auto industry. Edited April 2, 2016 by rem Quote The power to do good is also the power to do harm. - Milton Friedman "I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents." - James Madison
hugo Posted May 17, 2010 Posted May 17, 2010 Blod gess Sara! Damn it, she is drunker than I am. Quote The power to do good is also the power to do harm. - Milton Friedman "I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents." - James Madison
emkay64 Posted May 17, 2010 Posted May 17, 2010 Damn it, she is drunker than I am. Drinking in the morning is a new hobby of mine. Then it's off to the shops to buy some stripper boots for me and the girls...weeeee! Quote
hugo Posted May 17, 2010 Posted May 17, 2010 Drinking in the morning is a new hobby of mine. Then it's off to the shops to buy some stripper boots for me and the girls...weeeee! Make sure to buy the girls edible panties. Quote The power to do good is also the power to do harm. - Milton Friedman "I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents." - James Madison
emkay64 Posted May 17, 2010 Posted May 17, 2010 OOOooooH yes! I'll write those on the list too! Another bottle of JD Stripper Boots Edible panties Got it! Quote
timesjoke Posted May 18, 2010 Posted May 18, 2010 Well snaf, it is like the point we made on this before and hugo dodged it, all the States use their National resources to help the public in one way or another. Texas gets a huge amount of money they steal from the oil companies, I posted a very long list of direct taxes the State imposes on the oil companies. That tax revinue is used to fund State functions, functions that each resident would have to pay himself if the State did not tax oil. At the same time Alaska pays way, way more for basic goods and services than people in Texas, so if we were to adjust the scale based on cost of goods, I would bet a considerable amount of money that the average Texan gets more out of the oil money then an average Alaskan resident. Sure, a Texas resident might not get a check, but they do get Government services and lower tax rates on their property etc.... because of the oil taxes, it all balances out. Here in Florida we get tourists, we tax the piss out of them and let them go home while we enjoy the benefits of not having a State income tax. Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.