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by Ajay-p 932 days ago
Because Alaska is unique, AFAIK the only state in America that sells something. Everything else is income redistribution. The money has to come from somewhere. It's a very fine line, I agree, but the permanent fund only exists because the state can generate that income from something other than increased taxes, redistribution, or reducing spending some place else.
1 comments

What if, instead of oil, the revenue came from solar energy? Or gains in automation, or land value taxes, or CO2 caps...

The point I think is that, it doesn't mind where it comes from, but debunks the main argument against, that "people don't work".