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View Diary: Palin's Socialism in the Snow (48 comments)

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  •  Well she certainly CAN'T claim credit for the PF! (1+ / 0-)
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    That was set up by Jay Hammond. One of the cooler things about the PF is that it is one of the few instances of actual intergenerational equity concerns being addressed in a resource management context. Let me unpack that: if oil and gas belong to the state, then they shouldn't just belong to residents of the state "right now". Rather, they belong to all residents, both current and yet-unborn. The way to share the wealth from a non-renewable asset is to invest it so that the proceeds can be shared over time.

    It's really not so different from thinking about sustainable management of the wealth generated by ecosystem services (e.g. timber, fish).

    While some lament that the PF proceeds are distributed as checks, rather than investments in health care (say), there's a nice thing about it: it yields a much flatter income distribution in the state than you'd otherwise expect. The PFD's are CRUCIAL for many in Bush Alaska; they pay for the winter's heat, or transportation -- no small matter.

    •  It's still a state run program to expoit state (1+ / 0-)
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      resources for investment by state authorities and paid to individual citizens equally to all.

      All derived from the state collecting huge amounts of cash from private business.

      None of this is a proper example of free markets.  "Why can't Alaskans invest it for themselves?" the "free marketeers" might well ask.  You know, like privatized social security.

      My purpose, AA, is not to indict the APF.  It's a good thing for the people of Alaska, I'm sure.

      My purpose is to point out the towering hypocrisy of Palin and her ilk.  Please don't take it personally.

      We are not exempt from history.

      by MrJayTee on Tue Oct 21, 2008 at 12:24:41 AM PDT

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      •  I hear you (1+ / 0-)
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        and I certainly don't take this personally. But I don't think the APF makes Palin a hypocrit.

        First, she didn't set it up.

        Second, it isn't wealth redistribution. Again, the PF isn't like a big fund created through taxation. A better analogy: it's a "trust" created through proceeds from "lease payments" on property that the state starts off owning. What we have is the state acting in a commercial capacity, managing a resource that is owned in common. The comment of "edg", below -- that the PF is more communism than socialism -- isn't quite right because the state doesn't control the means of production; we're just the landlord.  

        I'd argue that it is an EXCELLENT example of free markets.

        The damn problem is that most conservatives have a much too narrow view of what's acceptable in terms of "free markets".

        Still, the big oil tax increase of recent vintage is a different story altogether.

        •  No, she didn't set it up. (0+ / 0-)

          But has she ever given it public scrutiny in the context of her putative small government, free-market ideas?

          The recent tax increase is more compelling, I agree, but APF is at least a cherry on top.

          Again, the purpose is to use both instances of state control/intervention/taxation to demolish her arguments.

          We are not exempt from history.

          by MrJayTee on Tue Oct 21, 2008 at 12:49:07 AM PDT

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