Taking $200,000,000 out of the income of Alaskan earners is not a solution to the problems the State is facing.  If you don't believe the State should spend that $200,000,000 out of savings,  then the State needs to reduce spending by that amount.  Reducing the standard of living of residents, while increasing their cost of living is no incentive to remain earning, building, and spending in the State for the sectors of the economy who actually contribute and are the engine of the overall economic activity of Alaska.