Governments need to be paid for somehow. Democracy has income taxes for financing when they reach a certain size. Lincoln invented the first income tax to pay for the civil war. If a state has plentiful free assets it may have no need of an income tax-yet with oil being gone permanently more or less from high price value globally the days of free government are likely over. So legislators lust after the Permanent Fund. It is a matter of learning if the government eats the people's Permanent Fund before becoming sober and responsible?
With new forms of value theory, government, resource use and so forth it might be possible to have a self-financing government with very low income tax, yet the PFD is itself an efficient way to let the people have financing for inventive personal interests.The PFD should be spared being the main course for cannibalism by legislators not yet adjusted to the new financial reality.
There is no harm in letting the people of Alaska have an annual stipend for entrepreneurial and survival finance. If the government is funded by Wall Street alternatively, with the Permanent Fund, it would then be corporatist rather than a Democracy or Republic; a device of global oligarchs.
With new forms of value theory, government, resource use and so forth it might be possible to have a self-financing government with very low income tax, yet the PFD is itself an efficient way to let the people have financing for inventive personal interests.The PFD should be spared being the main course for cannibalism by legislators not yet adjusted to the new financial reality.
There is no harm in letting the people of Alaska have an annual stipend for entrepreneurial and survival finance. If the government is funded by Wall Street alternatively, with the Permanent Fund, it would then be corporatist rather than a Democracy or Republic; a device of global oligarchs.
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