The benefits of the Permanent Fund shared equally have had a very positive effect. Because of the dividend program, income disparity in Alaska is the lowest of any state. It provides for many low-income and workingclass families. and we have achieved a higher degree of social justice because of it. It is projected to produce $4 billion annually in four years if we protect it.
Gov. Bill Walker and Lt. Gov. Byron Mallott have begun forming our new government — like Abe Lincolns, and like the mugwumps who, down to the 20th century, fought corruption and robber baron control.
What’s a mugwump? Someone who is independent of party politics. The new Alaska Cabinet is being appointed without regard to party. Good luck getting our quite Republican Legislature to confirm them.
We now face a great civic task: deciding the referendum on whether to strike down Senate Bill 21, which slashes state revenues from the oil industry by about a billion dollars a year. Which side do you believe?
What Gov. Jay Hammond actually wrote may not be exactly what Sen. Peter Micciche remembered at his town meeting last Friday in Homer.
The senator said he agreed with Hammond that 66 percent of oil income belonged with government. Of course, with ACES, the escalator clause has raised the state take, reduced the industry percentage below one-third and had no affect on federal taxes. What big oil and the senator advocate is reducing the state share one or two billion a year.