so let me get this straight; constitutionally mandating that a portion of the royalties from oil leases must be set aside and saved so that you end up with a huge rainy day fund that insulates Alaskans from the prospect of those oil revenues shrinking or disappearing some day, so large in fact that they can even pass on a percentage of the excess earnings directly to the people so they can do with it what they please, and not blowing it on billion dollar international airports for every city of 500 people, this is now what is considered socialism? holy cow, sign me up then for some of this Alaskan socialism.
The truth is this program sounds more like sound fiscal conservatism. the private oil companies make a profit, Alaska funds their general fund through the taxes, they provide for the future by saving the royalties, while sending a dividend from the royalties to the current residents (not means tested either).
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