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Old 02-13-2010, 01:27 AM
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Cannon Shell Cannon Shell is offline
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Quote:
Originally Posted by dalakhani
No secret plot. Palin knows big business like the back of her hand...wait...front of her hand.

Anyway, regardless of your attempt at spin, the idea is socialistic. Now, are you a Republican or a Conservative? Obviously, this paragraph shows that you aren't too much of a conservative.
This is hardly socilistic.

Almost all Alaskan oil production is on state-owned land, so the state receives revenue from four different sources: production tax, property tax, royalties and corporate tax. In 2006 alone, the state will get $3.4 billion from oil and gas. Those revenues go directly into a general fund to be used for roads, health care facilities, schools and other social services. However, at least 25 percent of all mineral royalties is deposited into the Alaska Permanent Fund, a kind of savings account for future generations of Alaskans
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