Once again we have more proof the legislature does not have the slightest idea how to repair the damage it caused.

An income tax might raise $200 million per year- just a fraction of the money needed to pay the $800 million in corporate welfare to Big Oil.

What the public does not know is how much fraud is going on with this welfare because the legislature has decided to keep payments- and what we are paying for, secret.  Alaska pays hundreds of millions and Alaska does not even own the gas or oil once it is removed.

You can't make this stuff up.

Alaska owns the gas and oil in the ground.  Then we issue leases.  Alaska then pays hundreds of million in welfare (with associated fraud) to develop the resource.  Then, once the oil and gas is removed, we own nothing, nor share in any of the profits.

Absolute insanity.