I don't blame you for being confused - it is an 8-legged octopus. It certainly is no falsehood. If you have to tax people's incomes to raise $500 million/year, and then pay out IRS taxable cash to the tune of $0.7 billion-1.4 billion/year for the dividend - you are unquestionably violating the fundamental principles of our State Constitution. What is truly false is your equivalence that reducing the dividend is a "tax". You can argue about social justice and wealth re-distribution all you want but taxing to help pay the dividend is unconstitutional. This will probably not be settled until the Alaska Supreme Court rules on the issue - similar to what happened in the Zobel case in the 80's.