« September 14, 2008 - September 20, 2008 | Home | August 2, 2009 - August 8, 2009 »

Week of October 19, 2008 - October 25, 2008

Redistribution of Wealth in Alaska


There is a lot being made by the McCain Palin campaign about the redistribution of wealth as proposed by the Obama tax plan. What seems to have gone unquestioned in the discussion on this question is the redistribution of wealth that occurs in the State of Alaska. This year every man, woman, and child that is a resident of Alaska will receive a redistribution of wealth from taxes on oil revenues of over $3000 each.  A family of four will receive a distribution of over $13000. Palin, was apparently instrumental in increasing that distribution this year by about $1200 a person. It is noteworth that Alaskan's do not pay income or sales tax.

It might also be tempting to call this redistribution of wealth a rebate, but logically for it to be a rebate the recepient must have, at least theoretically, contributed to the orginal tax to begin it. It is the closest thing we have to a welfare state or socalism. McCain and Palin should be required to explain how this clear redistribution of wealth is fine for Alaska, but much more milder and traditional means of taxing proposed by Obama is not.  They should be asked if they are prepared to denounce the redistribution of wealth that occurs in Alaska.
« September 14, 2008 - September 20, 2008 | Home | August 2, 2009 - August 8, 2009 »

svjim

user-pic

Following:
Followers: 1

Posts
Comments & Recommends


Favorites

All Reader Posts
How to use myTPM

Advertise Liberally
Share
Close Social Web Email

"To" Email Address

Your Name

Your Email Address