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Originally Posted by Cannon Shell
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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Why don't you give it up before you show yourself to be even further to the left than either me, gb or God. I know its late but read what you are typing. And if you don't understand it, you should just anyway.