Sarah the Socialist? - Mountain Buzz
 



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Old 10-30-2008   #1
 
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Sarah the Socialist?

In the final days of this campaign, Palin has been calling Obama "Barack the Wealth Spreader."

Just for fun, here's Palin describing how things work in Alaska:

"We can afford to share resource wealth with Alaskans and to temporarily suspend the state fuel tax," she said.

"And Alaska we're set up, unlike other states in the union, where it's collectively Alaskans own the resources. So we share in the wealth when the development of these resources occurs."

Collectivism. Share the wealth. State-owned resources. Hmmm....

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Old 10-30-2008   #2
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Quote:
Originally Posted by DurangoSteve View Post
In the final days of this campaign, Palin has been calling Obama "Barack the Wealth Spreader."

Just for fun, here's Palin describing how things work in Alaska:

"We can afford to share resource wealth with Alaskans and to temporarily suspend the state fuel tax," she said.

"And Alaska we're set up, unlike other states in the union, where it's collectively Alaskans own the resources. So we share in the wealth when the development of these resources occurs."

Collectivism. Share the wealth. State-owned resources. Hmmm....
She's speaking of oil/mineral wealth distributed equally to all through the Alaska Permanant Fund Dividend rather than the confiscation of wealth earned from the sweat of anothers brow.
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Old 10-30-2008   #3
 
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Sounds to me like she's redistributing the oil companies' money...
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Old 10-30-2008   #4
 
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Theo, although i generally agree with you, I have to disagree on this one. Alaska is taking profit before it gets to the company and redistributing to the citizens. Ultimately the company has to collect this in fees and pass on to customers through charges.
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Old 10-30-2008   #5
 
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Old 10-30-2008   #6
 
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Nice try of blocking for Palin on this one Theo, but even Mr. C can see through it enough to call bullshit on you for this one.

And as for Mr. C's statement:
Quote:
Alaska is taking profit before it gets to the company and redistributing to the citizens. Ultimately the company has to collect this in fees and pass on to customers through charges.
You make it sound like those resources belonged to the oil companys in the first place and they deserve them free of charge simply for the effort of drilling them. The land's resources belong to the (get ready for this word you hate) State, which is, as some radicals once said is a "government of the people, by the people, and for the people."

Those independent, rugged Alaskans who consistently vote for the most conservative Republicans and don't need no government handouts but who each get a "spreadin' the wealth around" check from the government for $3K every year and ALSO happen to get almost more federal money per capita than the citizens of almost every other state in the Union. Here in Colorado we want the oil companys to just pay a tax that's lower than that collected in any other states around us and those rugged R's are howling about how much it'll hurt their buddies in the oil companys.

What a crock of shit and a great example of hypocrisy of folks like Flailin' Palin, Ted Stevens and Murkowski as they suck up to the oil companys and push that "rugged independent who don't need no handout" crap.
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Old 11-04-2008   #7
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Let me give you a one over the world how the Alaska Permanent Fund Dividend (PFD) works.

The mineral resources of Alaska are owned by all Alaskans. In return for extracting those resources the oil companies pay the state a portion, a tax if you will, on each barrel of oil they move down the pipeline to the shipping port of Valdez. That tax is affected by the market price of a barrel of oil.

The proceeds from that tax on the oil companies is invested in the PFD. The PFD is invested in the markets globally in various sectors of the economy much like any diverse investment fund. If not one more barrel of oil comes out of Alaska there is enough dividend reinvestment revenue in the PFD to last into perpetuity. Each year a small portion of the PFD's gains are distributed to the share holders - the people of Alaska in the form of a dividend check.

The state has a fuel tax because believe it or not there are no motor vehicle fuel refineries in Alaska. There is only one very small heating oil refinery. All gasoline in Alaska is shipped to California as crude oil, refined into motor vehicle fuel, and shipped back to Alaska. Retarded? Yup.

This is an elaborate set up by the Federal government to keep Alaska under their thumb of control lest they become too independent.

As you can guess, when market oil prices were sky high the state made a windfall off of the price per barrel and therefore has enough excess in the fund to suspend the states portion of the fuel tax on it's citizens.
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Old 11-04-2008   #8
 
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Originally Posted by Theophilus View Post
Let me give you a one over the world how the Alaska Permanent Fund Dividend (PFD) works.

The mineral resources of Alaska are owned by all Alaskans. In return for extracting those resources the oil companies pay the state a portion, a tax if you will, on each barrel of oil they move down the pipeline to the shipping port of Valdez. That tax is affected by the market price of a barrel of oil.

The proceeds from that tax on the oil companies is invested in the PFD. The PFD is invested in the markets globally in various sectors of the economy much like any diverse investment fund. If not one more barrel of oil comes out of Alaska there is enough dividend reinvestment revenue in the PFD to last into perpetuity. Each year a small portion of the PFD's gains are distributed to the share holders - the people of Alaska in the form of a dividend check.

The state has a fuel tax because believe it or not there are no motor vehicle fuel refineries in Alaska. There is only one very small heating oil refinery. All gasoline in Alaska is shipped to California as crude oil, refined into motor vehicle fuel, and shipped back to Alaska. Retarded? Yup.

This is an elaborate set up by the Federal government to keep Alaska under their thumb of control lest they become too independent.

As you can guess, when market oil prices were sky high the state made a windfall off of the price per barrel and therefore has enough excess in the fund to suspend the states portion of the fuel tax on it's citizens.

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Old 11-04-2008   #9
 
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Originally Posted by Theophilus View Post
The state has a fuel tax because believe it or not there are no motor vehicle fuel refineries in Alaska. There is only one very small heating oil refinery. All gasoline in Alaska is shipped to California as crude oil, refined into motor vehicle fuel, and shipped back to Alaska. Retarded? Yup.

This is an elaborate set up by the Federal government to keep Alaska under their thumb of control lest they become too independent.
Actually there is no federal conspiracy theory regarding the building of refineries in Alaska. It's just a conspiracy of economics. Oil companies would have little financial incentive to refine Alaskan oil in Alaska. Refining is far more cost-effective at the point of consumption than the point of production. That's why Mideast countries generally ship the raw stuff to us as well rather than the refined product. Because Alaska has such as small population, its cheaper for an oil company to put the raw crude on a boat, ship it to a refinery in the lower 48, then ship the finished product back to Alaska than to just build and operate some small rinkydink refinery just to satisfy Alaska's gasoline needs. One set of pipelines, one set of boats, one set of storage facilities = cheap.

Bear in mind that refineries produce far more than just gasoline. Raw crude is fractionated into a variety of different fuels, including different grades of gasoline, diesel, JP-4 jet fuel, fuel oil, and organic chemicals for the chemical and plastics industries. You may also have to add fuel additives that may be manufactured elsewhere. Once you refine it, you have to keep it all separate, and ship it all separately. If you refine at the point of production, that means you have to maintain and opperate a fleet of boats and storage facilities shipping each separate product which is produced at different rates, and sent to different corners of the world. Trust me, its far cheaper to do this near the point of consumption than production. That is why there are no, and never will be any refineries in Alaska.
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Old 11-04-2008   #10
 
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Theo,
You need to read the quote by Falk below. You are demonstrating a text book example.
So if I simply moved to Alaska and became a bum living in a Eurovan, I'd get the $3700 check, right? Please explain away the hypocrisy.
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