According to my rough math, if this is a $50 billion project, instead of a property tax of about $1 billion per year, Dunleavy is proposing an alternative tax of about $76 million per year, a reduction of about 92 percent. Most of the $75 million would go to the North Slope, Denali, Mat-Su and Kenai boroughs.
Read MoreThose claiming the Permanent Fund must be doing something wrong because it has not matched the gains of the S&P 500 in the past few years are missing something.
Aside from acting as if perfect hindsight is a roadmap for the future, they are also blind to the need for diversification, which lowers the risk during those periods when specific targets, including the S&P 500, collapse in value.
Read MoreIn a letter to constituents, Sen. Lisa Murkowski says “It is now the duty of Congress to define the scope of this conflict and require the President to present his case for this action in full and transparently.”
Read MoreKeeping the Permanent Fund permanent means reducing the amount we withdraw from it each year.
Instead of taking our 5 percent a year, put a schedule in place to reduce it to 4.5 percent by 2033. Keeping more money in the fund is the best way to improve the chances of future growth, a lesson we should have learned years ago from the Norwegians.
Read MoreRep. Nick Begich the Third went on at length in his speech to the Legislature about his tax-free dividend bill, the text of which has not been released, without ever confessing that this is a campaign gimmick designed to fool the gullible that has no chance of passing.
Read MorePresident Trump’s decision to start a war with Iran is a “strategic master stroke,” according to a press release Gov. Mike Dunleavy got the Wall Street Journal to publish.
Right. It was brilliant to go to war with Iran without a plan to deal with Iran blocking oil shipments through the Strait of Hormuz, starting a regional war with a growing death toll and disrupting the world economy.
Read MoreThe payments to the four public trustees of the Permanent Fund—$400 for each meeting day—have remained the same for nearly 45 years. This is one aspect of the Permanent Fund structure that needs an examination as we mark the 50th anniversary of the constitutional amendment that created the fund.
Read MoreAt a 20-year reunion in 1976 of delegates to the Alaska Constitutional Convention, Katherine Nordale asked one of the convention's key advisers, John Bebout, what he thought of the plan to create the Alaska Permanent Fund that year.
She said she was shocked to hear him say, "You are establishing a fourth branch of government."
She later wrote Rep. Clark Gruening, a key legislator who helped create the rules for the new fund, to warn him against allowing the enterprise to exercise too much control over the state.
"Unless it is managed very carefully and vigilant scrutiny is exercised every step of the way, the people of Alaska may reap little benefit, but millionaires may be created to the detriment of the general welfare of Alaska," she wrote Gruening.
Read MoreSen. Dan Sullivan voted last summer for the so-called One Big Beautiful Bill Act that cuts Medicaid by nearly $1 trillion over a decade and provides $1 trillion in tax benefits to the richest 1 percent of Americans.
A Sullivan support group is now claiming that Sullivan worked to strengthen Medicaid.
Read MoreThe Pearl Creek charter plan will exacerbate the growing gap in public education between the haves and have-nots.
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