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Author Topic: Alaska Petroleum Dividend fund  (Read 14217 times)

benhazin

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Alaska Petroleum Dividend fund
« on: May 05, 2003, 02:15:11 pm »

As a proponent of choosing  Alaska as the "free state", I would like to see the PDF yearly cash bounty to every man, woman and child factored into the equation.  Also the state of Alaska already finances land purchases at a very good rate, making for a hospitable  climate for newly arriving Porcupines.  Lets get this information  out to the membership, Sorens!  Only Alaska already provides a yearly money shot for the brave and adventurous Porcupine!
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George Reich

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Re:Alaska Petroleum Dividend fund
« Reply #1 on: May 05, 2003, 02:23:15 pm »

Personally I feel that Alan Greenspan and his buddies ought to fly around the country dropping hundred-dollar bills out of airplanes. Surely this will help get the economy going again...
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benhazin

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Re:Alaska Petroleum Dividend fund
« Reply #2 on: May 05, 2003, 03:46:44 pm »

The per capita payout was slightly over $1800 in 2000 and over $1500 in 2002. Dividends should be up this year due to higher crude  oil prices.
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Zxcv

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Re:Alaska Petroleum Dividend fund
« Reply #3 on: May 06, 2003, 10:22:40 pm »

I thought we had that fund factored into the "taxes" variable in the spreadsheet, for Alaska? Isn't that why AK taxes are so low?

The only trouble with this fund is 1) it is based on a resource that is quite limited, and 2) it will get people used to more government spending than is healthy. Already AK has the highest debt of our 10 states, not a good sign.

What are people going to do when the oil runs out? Raise taxes to support all the programs that the oil now pays for? (This question assumes at least some of the oil money goes to government rather than directly into subsidies.)

I'm asking these questions honestly, not trying to take gratuitous pot shots at Alaska. I have to admit near-total ignorance over how the funds are administered; maybe you can point us at a web site that explains it. And I also admit to a bias against anything that smells like "money grows on trees"...

It's funny about Alaska. In doing research for FSP, I have looked at a lot of web sites doing state comparisons on taxes and spending and what-not. Many of these organizations presenting this data just throw up their hands when it comes to Alaska and do not rate it at all, I guess because it is so far out of the ordinary in this area.

« Last Edit: May 06, 2003, 10:33:55 pm by Zxcv »
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Robert H.

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Re:Alaska Petroleum Dividend fund
« Reply #4 on: May 07, 2003, 12:18:12 am »

This site may answer questions about the Permanent Fund itself:

http://www.apfc.org/

One thing that is interesting to note is that PF dividends are not paid on the amount of the Fund's principal, but on the yield from its investment earnings.  Paying dividends from the Fund's principal is forbidden by the Alaska State Constitution.

freedomroad

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Re:Alaska Petroleum Dividend fund
« Reply #5 on: May 07, 2003, 12:53:17 am »

As a proponent of choosing  Alaska as the "free state", I would like to see the PDF yearly cash bounty to every man, woman and child factored into the equation.  Also the state of Alaska already finances land purchases at a very good rate, making for a hospitable  climate for newly arriving Porcupines.  Lets get this information  out to the membership, Sorens!  Only Alaska already provides a yearly money shot for the brave and adventurous Porcupine!

Both of these points are bad points.  They help keep the people of Alaska addicted to big government.  Maybe this s why Alaska has high crime, high welfare, and a very strong socialist movement.  

Alaska should sell its state lands, all of them.

It is too bad that the state of AK finances houses at any price, but financing houses at high prices would be better than at low prices.  Both of these are just two more ways that AK and its people are dependant on government handouts.  These handouts have to come from somewhere.

Even though AK has a welfare culture, even more than Maine or Montana, I still rank it 3rd.  

It is true that AK has a very long list of faults; however, it has its good points.

1. The AIP.
2. Many of the people reject Alaska's overall culture of welfare.
3. Alaskans resent the federal government.
4. Low taxes.
5. many personal freedoms.
6. strong LP.
7. good record of electing independents.
8. once had legalized pot.
9. lots of survivalist.
10. some of the worst weather in North America, somewhat helps keep a few of the socialist out.
11. large state with mostly small cities.
12. far more votes for  LP presidential candidate in 1980 than all other states.
13. a great adventure.
14. low population density.
15. large precentage of non-native population.
16. a strong history of independence.
17. low population.
18. high wages.
« Last Edit: May 24, 2003, 11:05:26 am by FreedomRoad »
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Zxcv

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Re:Alaska Petroleum Dividend fund
« Reply #6 on: May 07, 2003, 02:04:55 pm »

OK Robert, that takes care of that problem. It won't matter when the oil runs out, because the fund will still be there.

I guess you could just look at the fund dividends as a compensation for the long Alaska winter!
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AlaskanWoman

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Re:Alaska Petroleum Dividend fund
« Reply #7 on: May 22, 2003, 09:44:37 pm »

The PFD is projected to be even smalled this year.

So peeps  ya need to think up something different.

Cos the fed gov, it ain't goina allow yas'll to sell this oil. Period,

Oh and once it runs out, no more PFD. Think about it.
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BillG

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Re:Alaska Petroleum Dividend fund
« Reply #8 on: May 22, 2003, 10:34:00 pm »

Quote
Both of these points are bad points.  They help keep the people of Alaska addicted to big government.  Maybe this s why Alaska has high crime, high welfare, and a very strong socialist movement.  

Alaska should sell its state lands, all of them.

Do you not see the difference between a dividend from a trust fund sent directly to every citizen (rich and poor alike) never touching a bureacratic hand vs. a welfare check sent to a deadbeat and funded by a tax on people's productive wages?

What if the well was started on private property but drilled at an angle out under the ocean - who's oil is it anyways? the private drilling companies? the property owners? or is it ours (the commonwealth's - yours and mine and that guy over there...not the government) and the extracters have to pay us an economic rent for it's becuase they are keep what is ours from us being able to use it?

If as Bush says the oil of Iraq belongs to Iraq well why not set-up an APF type of structure?

While we are at it - How about we do this for the sky too...

http://www.progress.org/cd26.htm

http://www.usskytrust.org/whatis.html

Since we are talking about natural resources - how about an examination of Land Value Taxation....

http://www.geolib.com/

BillG (not Gates)

http://www.geocities.com/geolibertariangreens/Geo2.html
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Doug R.

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Re:Alaska Petroleum Dividend fund
« Reply #9 on: August 13, 2003, 02:48:17 am »

There is in fact a lot of oil drilling at an angle, but doing so is irrelevant because the landowner on which the well sits does not own the mineral rights beneath.  

I've been here nearly 11 years and I seem to have missed the welfare culture.  Can anyone tell me where it is?
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kbarrett

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Re:Alaska Petroleum Dividend fund
« Reply #10 on: August 13, 2003, 11:44:49 am »

The PFD is projected to be even smalled this year.

So peeps  ya need to think up something different.

Cos the fed gov, it ain't goina allow yas'll to sell this oil. Period,

Oh and once it runs out, no more PFD. Think about it.

Ermmm... do you understand the difference between interest and principle? All of the money collected is still there and invested..... the PFD is a DIVIDEND check.

If Alaska is so awful, then why are you still there?


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Justin

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Re:Alaska Petroleum Dividend fund
« Reply #11 on: August 13, 2003, 01:13:36 pm »

Hehe, she's not here anymore, thankfully.  :)
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Penfist

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Re:Alaska Petroleum Dividend fund
« Reply #12 on: August 13, 2003, 01:32:58 pm »

You ain't kiddin'

Hehe, she's not here anymore, thankfully.  :)
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kbarrett

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Re:Alaska Petroleum Dividend fund
« Reply #13 on: August 15, 2003, 01:30:27 pm »

You ain't kiddin'

Hehe, she's not here anymore, thankfully.  :)


Amazing .... I guess even a yearly check wasn't enough to convince that statist troll not to move Outside. Couldn't handle living near Alaskans, I guess.

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Robert H.

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Re:Alaska Petroleum Dividend fund
« Reply #14 on: August 16, 2003, 05:49:42 pm »

Quote
Both of these points are bad points.  They help keep the people of Alaska addicted to big government.  Maybe this s why Alaska has high crime, high welfare, and a very strong socialist movement.  

Alaska should sell its state lands, all of them.

Do you not see the difference between a dividend from a trust fund sent directly to every citizen (rich and poor alike) never touching a bureacratic hand vs. a welfare check sent to a deadbeat and funded by a tax on people's productive wages?

A very good point.  The Alaska PFD essentially gives the people common ownership of their state's resources, although it would be good to see them granted more rights to the land they own individually.

Best of all, of course, it would be great to see the majority of federal lands given back to the state.
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