05 February 2015

Question of the Day, 2015-02-05

With all the talk of corporate tax rates and repatriation of foreign retained earnings, the question arises: which US state is the most overtly Socialist? That is, which state undertakes to "pay" each citizen from the proceeds of private use of public resources? The answer, of course, is Alaska, home of the Tea Bagger in Chief. Each Alaskan gets a cut from the oil patch profits. The oil is, of course, the property of Alaskans, not the oil companies. One might wonder how different the USofA would be today if that approach had been applied to oil reserves dating back to the 1800s? Or any other natural resource, for that matter?

Why should timber or rich farm soil or water or ... be any different?

No comments: