SparrowHawk
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- Joined
- Nov 30, 2009
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There is a difference between things like 57 states or misspelling potato due to the pressure of the moment and perverting history for political gain. Ford was clumsy. I am sure all presidents not to mention the general public has had their moments as well. The fact that you seem to be incapable of discerning the difference between the two is a bit surprising but it does explain a few things.
But again you did side step the issue. Is it OK to add a windfall tax to the oil companies or not? Palin supported it during her 1.2 term as governor. Not so sure she will admit it now. She might very well pull a Romney and not talk about that slight 'tax increase' indiscretion. Sounds like another case of 'bad when your guy does it but good when mine does it' syndrome. AKA hypocrisy.
I will say this and I think this was the point for implementing the tax. Since before the Robber Baron's, mineral rights have been an interesting part of the law, one where philosophy hits reality square in the face. Take the widespread use in Appalachia of the Broad Form Deed as an end around to secure mineral rights from unsuspecting citizens. Talk about a scar upon the land and sadly you'll never see Rand Paul come out and lead the charge against the Broad Form Deed that is used by corporations to screw the common man. We see abuse in sweetheart deals granted by Feds as well over mineral rights on native American reservations. IIRC, Indians only own the land not the minerals under it in most cases.
So what really is at issue is who really owns the minerals. In the case of Alaska I believe the state owns the land and under most current legal doctrine that includes the minerals. Unless you're some poor dumb white guy in Appalachia or an Indian then you can be swindled out of your mineral rights by energy companies. All under the watchful eye of Local, State & Federal Governments. Now back to Alaska.
In this case the oil belongs to the state and they lease the land to the oil companies at a fair market rate. Since the people AND those they elected to serve THEIR best interests control in entirety the Assets, it is perfectly legal and desirable for the state to impose any rules, regulations and taxes they see fit as it is a corporation that gains the economic benefit from the sale of the mineral, in this case oil. The fact that it's tied to the selling price of oil is a stroke of genius on Palin's part. She squeezed every dollar of revenue out of the sale of a non renewable resource the citizens owned. The citizens elect Governors and the like to represent their best interests, Sarah Palin did just that, she maximized her citizens return on Investment. That was her job pure and simple.
That's why states like North Dakota and soon others have state budget surpluses, unemployment under 4%, a booming real estate market in Western ND. They leverage their resources to actually represent the people that elect them. Now that's hope & change we can all profit from.