Talk about spreading the wealth check out what Gov. Palin did at your expense.
After Alaska Governor Palin ask for and received a Windfall Profit Tax on Big Oil, Alaska collected an estimated $6 billion from the new tax during the fiscal year that ended June 30, according to the Alaska Oil and Gas Association. That helped push the state's total oil revenue — from new and existing taxes, as well as royalties — to more than $10 billion, double the amount received last year.
While many other states are confronting big budget deficits because of the troubled economy, Alaska officials are in the enviable position of exploring new ways to spend the state's multibillion-dollar budget surplus.
Some of that new cash will end up in the wallets of Alaska's residents.
Palin's administration last week gained legislative approval for a special $1,200 payment to every Alaskan to help cope with gas prices.
That check will come on top of the annual dividend of about $2,000 that each resident could receive this year from an oil-wealth savings account.
Since Big Oil passed that tax on consumers, everyone (over 98% in the lower forty eight) now pay 6 Billion more for gas. Net effect, we (lower forty eight) are subsidizing Alaska to the tune of $6 billion.
Nice to know our higher gas prices gave each Alaska a big fat check.-all thanks to Governor Palin.
Robin Hood would be so proud!
Sarah really knows how to spread the wealth, at least for Alaskians:)
