Skip to content
 
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(Anchorage Daily News)   40 years ago Alaska lawmakers decided they would get rid of income tax and let oil finance most of the state budget. Looking back, that wasn't very smart   (adn.com) divider line
    More: Followup, Tax, Income tax, state budget, Income, oil production, Tax refund, Public finance, Progressive tax  
•       •       •

3024 clicks; posted to Politics » on 05 Dec 2020 at 10:25 AM (5 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



89 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest


Oldest | « | 1 | 2 | » | Newest | Show all

 
2020-12-05 7:21:42 AM  
The only thing exceptional about Alaska is the parts not touched by the oil industry.
 
2020-12-05 8:04:49 AM  
Taxing the hell out of the oil companies is ALWAYS smart.  We should do it more often.
 
2020-12-05 8:44:54 AM  
Alaska: "We won't pay you to live here anymore"
 
2020-12-05 10:29:49 AM  
They can always get subsidized by the tax payers from California and NY and Mass, while voting in republicans and denouncing liberalism.
 
2020-12-05 10:29:55 AM  
Short term gains at the expense of long term growth and stability has been most corporations' MO for the longest time before they fail. We should not mimic that failed policy with running the government.
 
2020-12-05 10:30:15 AM  

Marcus Aurelius: Taxing the hell out of the oil companies is ALWAYS smart.  We should do it more often.


Giving them tax-paid subsidies is so much smarter.
 
2020-12-05 10:32:50 AM  
Well it worked out for the GOP in the sense that Alaska always goes red because of it but it did not do much for people actually living in Alaska over the long term.
 
2020-12-05 10:33:08 AM  
State filled with people who hate socialism allows everyone to share in the oil wealth.
 
2020-12-05 10:33:24 AM  
They did have tourism as their second industry, how is that working out?
 
2020-12-05 10:34:57 AM  
*clears throat*

Womp womp.
 
2020-12-05 10:36:57 AM  

Marcus Aurelius: Taxing the hell out of the oil companies is ALWAYS smart.  We should do it more often.


skyotter: Marcus Aurelius: Taxing the hell out of the oil companies is ALWAYS smart.  We should do it more often.

Giving them tax-paid subsidies is so much smarter.


Tax the church while your at it.
 
2020-12-05 10:38:54 AM  
My favorite bumpersticker from bar in Sidney, Nebraska.

Fark user imageView Full Size
 
2020-12-05 10:39:00 AM  
Looks like the oil hit the anus.
 
2020-12-05 10:39:09 AM  

Prank Call of Cthulhu: State filled with people who hate socialism allows everyone to share in the oil wealth.


I hated many, many things about Alaska. This was near the top of the list.
 
2020-12-05 10:39:15 AM  
step1)sell them back to russia
step2)profit!
 
2020-12-05 10:39:24 AM  
While I won't fault the premise of basic income, the Perpetual Fund has raised up a generation of idiots who expect it to go towards their next snowmobile. Given the source of that wealth is causing rapid destruction of their environment at a faster pace than other parts of the world, Alaskans are essentially being paid to look the other way.
 
2020-12-05 10:40:50 AM  
Alaskazuela.
 
2020-12-05 10:42:43 AM  

theteacher: My favorite bumpersticker from bar in Sidney, Nebraska.

[Fark user image image 372x135]


Retro-Murder some dinosaurs?

The whole thing is silly. If God added/killed more dinosaurs it would probably alter the current time line. Crazy talk.
 
2020-12-05 10:45:14 AM  
Awwwwww, look at the newborn baby troll.
 
2020-12-05 10:45:43 AM  
Alaska: The Alberta of the States
 
2020-12-05 10:45:59 AM  
One reason Venezuela is a shiathole is that they let one commodity, oil, be the foundation of their entire economy.  You know, Venezuela, the country that the GOP constantly claims Dems are trying to turn the US into?  So what did Alaska do?  The same thing Venezuela did.  And were the Dems in charge of Alaska when they did that?

Projection is everywhere.
 
2020-12-05 10:46:26 AM  

theteacher: My favorite bumpersticker from bar in Sidney, Nebraska.

[Fark user image 372x135]


Well, given that fracking has become what it is (and is going to end up causing some BIG problems), i'm not sure that's gonna happen.

"No, the aquifer won't get contaminated if we put the proppant-contaminated wastewater BELOW the aquifer"
 
2020-12-05 10:47:15 AM  
Lots of things might not make sense unless you remember that Sarah Palin is still the spiritual leader and messiah of most Alaskans.
 
2020-12-05 10:47:54 AM  
22 hours old and already Farkied. I think that's a record. fark off.
 
2020-12-05 10:47:59 AM  

Conservative Evangelical Millennial Cyclist: Awwwwww, look at the newborn baby troll.


needs a diaper change already
 
2020-12-05 10:48:24 AM  

Armchair_Invective: Lots of things might not make sense unless you remember that Sarah Palin is still the spiritual leader and messiah of most Alaskans.


Hence the "undereducated" description in the article.
 
2020-12-05 10:50:36 AM  

theteacher: My favorite bumpersticker from bar in Sidney, Nebraska.

[Fark user image 372x135]


In 2019 I drove past the Cabela's HQ or whatever it is by the interstate and thought the parking lot was empty because of the holiday weekend. Until I looked it up, I didn't know it closed and eliminated 2,000 jobs when it merged with Bass Pro Shop.
 
2020-12-05 10:52:00 AM  

BlueLivesMatter: taxing corporations like that if foolish -it allows reckless, spendthrift politicians to erect a liberty destroying 'welfare state' with minimal voter supervision. And why should the voters supervise? They're getting all these "goodies" with 'free money". </snark> Now the bill is coming due. it's time to shrink the government of alaska down to what they can pay for out of tax revenue.


The laziness of "leadership" to not look ahead to the demise of what nature offers - one time - and not use that time to develop other industries or avenues for positive revenue is a fairly global disease. Yes, give it back to Russia - another failing oil state. They are made for each other.
 
2020-12-05 10:54:38 AM  

Aquapope: One reason Venezuela is a shiathole is that they let one commodity, oil, be the foundation of their entire economy.  You know, Venezuela, the country that the GOP constantly claims Dems are trying to turn the US into?  So what did Alaska do?  The same thing Venezuela did.  And were the Dems in charge of Alaska when they did that?

Projection is everywhere.


100% this.  It is exactly the opposite of what Norway did with its oil wealth, which now has an investment fund worth ~1.25 TRILLION dollars (quarter million per person).
 
2020-12-05 10:55:40 AM  
Bill the unknowing:

Unknowingly, Bill fed it.
 
2020-12-05 10:56:31 AM  
The thing to remain aware of is that most of those lawmakers weren't trying to help Alaska.

Hanlon's Razor rarely applies to corporations or governments. Beware of people who seem unharmed by 'unintended consequences' that seem to harm most everyone else.
 
2020-12-05 10:58:23 AM  
Is it too late to give it back to Russia?
 
2020-12-05 10:59:11 AM  

BlueLivesMatter: taxing corporations like that if foolish -it allows reckless, spendthrift politicians to erect a liberty destroying 'welfare state' with minimal voter supervision. And why should the voters supervise? They're getting all these "goodies" with 'free money". </snark> Now the bill is coming due. it's time to shrink the government of alaska down to what they can pay for out of tax revenue.


22 hours ag o huh? Just bored and wanted an alt? Grounded? Mod ?
 
2020-12-05 11:02:51 AM  

BlueLivesMatter: taxing corporations like that if foolish -it allows reckless, spendthrift politicians to erect a liberty destroying 'welfare state' with minimal voter supervision. And why should the voters supervise? They're getting all these "goodies" with 'free money". </snark> Now the bill is coming due. it's time to shrink the government of alaska down to what they can pay for out of tax revenue.


Just 12 hours old. They're so cute in the larval stage.
 
2020-12-05 11:03:29 AM  
"Let's let the oil guys run everything!
What could go wrong?"
 
2020-12-05 11:05:09 AM  

Conservative Evangelical Millennial Cyclist: Awwwwww, look at the newborn baby troll.


Doesn't look like anything to me.
 
2020-12-05 11:18:51 AM  
It was smart at the time, they just were too boneheaded to alter the course as things changed.
 
2020-12-05 11:30:44 AM  
Yabbutt look at all that Freedom they have.
 
2020-12-05 11:31:41 AM  

BlueLivesMatter: taxing corporations like that if foolish -it allows reckless, spendthrift politicians to erect a liberty destroying 'welfare state' with minimal voter supervision. And why should the voters supervise? They're getting all these "goodies" with 'free money". </snark> Now the bill is coming due. it's time to shrink the government of alaska down to what they can pay for out of tax revenue.


Uh huh.
Fark user imageView Full Size
 
2020-12-05 11:33:37 AM  
There Are No Trolls On Fark...and give us money, please!
 
2020-12-05 11:33:41 AM  

kbronsito: They can always get subsidized by the tax payers from California and NY and Mass, while voting in republicans and denouncing liberalism.


One law that desperately needs to be passed is one that bases federal money on your contribution to the fund.
 
2020-12-05 11:41:26 AM  
So Alaska is learning first-hand about the dangers of being a petro-state and having a government dependent on one resource for funding. They also are getting to experience Dutch disease. Becoming dependent on one source of revenue/industry is never good in the long-term.
 
2020-12-05 11:49:14 AM  
I'm pretty confident that if your state capitol building looks like this, you've never been exceptional.  The corporate headquarters of Whataburger has more panache.

Fark user imageView Full Size
 
2020-12-05 11:50:05 AM  

Thank You Black Jesus!: Conservative Evangelical Millennial Cyclist: Awwwwww, look at the newborn baby troll.

needs a diaper change already


Or thrown out with the bathwater
 
2020-12-05 11:51:53 AM  

Conservative Evangelical Millennial Cyclist: Awwwwww, look at the newborn baby troll.


I bet it's momma still licks its butt to get the threadshiat to come out.
 
2020-12-05 11:52:37 AM  
What they ended up was a state full of people that can't make it anywhere else.
 
2020-12-05 11:53:05 AM  

BlueLivesMatter: DarkSoulNoHope: Short term gains at the expense of long term growth and stability has been most corporations' MO for the longest time before they fail. We should not mimic that failed policy with running the government.

[i.imgflip.com image 620x349]


Your user name alone marks you as a boot licking idiot.  Congratulations on receiving the coveted, bright orange, Fark Favorite status.
 
2020-12-05 11:54:53 AM  
People who willingly live in that hellhole aren't smart.
 
2020-12-05 11:55:33 AM  

alechemist: The only thing exceptional about Alaska is the parts not touched by the oil industry.


Not true... the Anchorage Walmart at 3am on a Saturday night is an experience not to be missed!
 
2020-12-05 11:57:15 AM  

vudukungfu: Alaska: "We won't pay you to live here anymore"


Not only that, Alaskans are going to have to start paying. That will be a bit of a cold shower.

Having said this, and NOT to join the tradition of piling on headline writers, but the article says these decisions DID make sense when oil revenue was higher. Heck, it goes so far as to say it can still be done but cut the dividends to the wealthy. On top of that alaskans pay federal taxes on those dividends. So as a non-Alaskan I say keep it up
 
Displayed 50 of 89 comments


Oldest | « | 1 | 2 | » | Newest | Show all


View Voting Results: Smartest and Funniest

This thread is closed to new comments.

Continue Farking





On Twitter



  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.