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Politics : Mainstream Politics and Economics
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To: TimF who wrote (14003)3/29/2012 1:57:05 PM
From: koan1 Recommendation  Read Replies (2) of 85487
 
<<Without the oil it wouldn't be such a big deal.

Yes a fund can help other states as well, you mention Texas as an oil heavy state and it is, but Texas has three dozen times as many people as Alaska. Cut the permanent fund in to that many pieces and give Alaska just one of them, and how much help would Alaska be getting from the permanent fund? A bit, but it wouldn't be nearly so significant.>>

Texas has been pumping oil and gas for 100 years. How much would be in there over that amount of time?

But here our revenue pays for everything with money left over. Without that fund we would be in big trouble now to!

The fund has tax revenue, without the fund structure the state sill would have had all that tax revenue.
The fund does stabilize things a bit, it can restrain overspending in good times, and give some money when things are rough, so it is useful, but it is useful mainly as a control on politicians. If they where disciplined you could get by just fine without the fund (but with all the revenue that flows in to the fund). Of course they aren't disciplined so the fund is useful, but since they aren't disciplined that's just one more reason to not give them more power by making government bigger.

Huh? that paragraph makes no sense to me at all?

The fund has little impact on politicans or state budgets except when oil prices were low. I did state budgets for 30 years.
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