A new online tool is shedding light on a subject that has long fueled political tension in Alaska: the reduction of the Permanent Fund Dividend (PFD). The website, PFD Doomsday Clock, allows Alaskans to quickly calculate how much money they and their families have lost since the state government stopped paying out full statutory dividends in 2016.
Developed by concerned Alaskan Phil Izon, the tool uses publicly available data to estimate the gap between what residents would have received under the traditional PFD formula and what they actually received each year. Users simply input the number of eligible family members, and the site instantly displays a cumulative total of lost income.
For a family of four, the losses since 2016 can amount to more than $20,000, money that, under the original formula, would have been distributed directly from the earnings of the Alaska Permanent Fund. Instead, The Bill Walker Administration and legislatures have capped or restructured the payments, using portions of the fund’s earnings to cover perceived state budget shortfalls.
The site presents the information starkly, with a running counter and breakdowns by year. It’s a powerful visual reminder of how deeply the dividend issue cuts across Alaska’s political and economic landscape.
Since Gov. Walker’s Administration first reduced the PFD payout by half in 2016, critics have argued that the state has violated the intent and statute that governs the dividend program, which was created to ensure that all Alaskans benefit from the state’s resource wealth. Proponents of the reduced dividend argue it’s a necessary measure to maintain essential services amid fiscal challenges.
The release of the calculator arrives at a time when the current Legislature has reduced the dividend to just $1,000 in 2025. public pressure is once again mounting for lawmakers to return to the statutory formula. As debates continue.
With elections approaching in 2026 and budget debates ongoing, the PFD remains a potent symbol of what Alaska once was, and what it has become. Alaskans have a clear window into just how much it has cost them and their children.
It’s not over yet. It never will be until the legislature has it all, corpus included.
After that comes a state income tax followed by a state sales tax.
Republicans have always stood for personal responsibility, and that includes paying your own way. But lately you all have a”nothing for anyone else DOGE attitude”, while at the same time wanting someone else to pay the cost for your government.
Republicans also stand for the rule of law.
The Permanent Fund was created by law, and the Dividend payments to the residents of Alaska are to be calculated using the formula in the statute.
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Which the legislature has not been doing.
Yeah Trump is a fine exemplar of the Rule of Law. Subverting an election, pardoning J6ers, being convicted himself, and a host of unconstitutional Executive “orders”, taking a 747 from Qatar. Sickening.
Dog, please try to stay focused. You entertain me, much like any simpleton would, but you can’t seem to focus on one issue for more than a few seconds. Please at least try to stay within the conversation.
Seriously? I thought you never bothered to read my comments.
Once again, proving your word means nothing.
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And, last time I checked, Donald J. Trump was a democrat for the entirety of his life. Simply changing his political party does not change his mental make up. He still acts exactly like a democrat. Your little list proves it.
Huh?
It is consistent to insist that all pay their own way and tax dollars not be spent on people, who cheat, defraud or abuse the system. So what is your point?
There are delineated functions of government (national defense, infrastructure, law enforcement, regulating interstate commerce, education here in AK). You make it sound as if Alaskans have a totally free ride, which is incorrect. While we do not pay any personal state income tax(yet everyone does pay federal income tax), there are gas taxes, property taxes, payroll tax, vehicle registration fees, tire disposal fees, corporate income tax, fees for fishing/hunting licenses, taxes on cigarettes and alcohol, sales taxes in several jurisdictions…….
Should the state and local governments not live within their means, instead of appropriating funds that are rightfully each Alaskans, especially considering that they are already entitled to half of those funds?
If you want to give your dividend back to the state treasury nobody is stopping you.
Some people always scream that it is “our oil”, but apparently the dividend from that oil isn’t ours but the legislature’s alone….go figure.
Republicans have always stood for personal responsibility, and that includes paying your own way. But lately you all have a”nothing for anyone else DOGE attitude”, while at the same time expecting someone else to pay the cost for your government.
You’re delusional again have you contracted rabies? the point of DOGE was to stop paying for stupid crap that served only to to redirect taxmoney into thewallets of Democrat cronies since when was public money supposed to be fed into leftists’pet projects and personal acvounts??? As opposed to paying for public good
Maybe the solution is to dissolve the PF, paying it out in equal shares along with returning subsurface mineral rights to all Alaskans similarly in equal shares. Cheers –
I supported this plan for a long time. Take the corpus, split it in half, with one half to the state and the other to be equally distributed to each Alaskan. Return mineral rights to the individual property owner. Part of this agreement needs to include a caveat that no personal income tax can be established and all future royalties and taxes will go to the state for the purpose of running government. Then the sole owner of the PFD will be there state and all this bellyaching and time wasting every session will end.
“……..Return mineral rights to the individual property owner……….”
Oh, brilliant. Who are these “individual property owners”? As if I can mine all the gold under my five acre homesite? Native Corporations, currently (and for the forever foreseeable future) the only big private landowners in Alaska, will be the only beneficiaries of your genius idea, and they’re already mining their lands. And what about the folks currently and over the past half century mining gravel here in the Valley and sending it to Anchorage by the trainload? Have you been getting a PFD check from that?
Try dropping the silliness and try thinking for a while. Alaska isn’t Texas and it never will be.
Reggie, why should we put up with pure socialism (as in owning resources collectively via the state). Fundamentally freedom and liberty stem from property ownership and the ability of the individual to make their own way and choices in life within the confines of the law.
I would like to see them resolve the PFD mess Walker and the supreme court left us with once and for all. It sucks all the air out of the room for most of the session and the legislature seems to get nothing done until they have absconded with the largest chunk of change they think Alaskans will tolerate.
Not sure what that gravel has to do with the PFD, unless they pay royalties to the state. Can you elaborate, please.
“………Not sure what that gravel has to do with the PFD, unless they pay royalties to the state. Can you elaborate, please………”
It’s YOUR false “mineral rights” argument, not mine. You claim that “mineral rights” have been illegally or immorally withheld from residents. Well, what about the Valley gravel miners? The stuff has been hauled to Anchorage, quite literally, by the trainload for well over three-quarters of a century. Have they been paying royalties to the state? Have you gotten paid for “your” gravel (from private lands)?
And that is so horribly complicated that you need “elaboration”?
Here it is:
No, your “mineral rights” have not been stolen. The oil (or gold, or gravel) under state or federal lands are state or federal resources, and any found under your lands (all half acre of it) is yours to profit from.
Again you make assumptions not in evidence. Gravel isn’t in the same category as oil, gold or rare earth metals, so you are grasping. Not all gravel is made up of quartz (a mineral). Unfortunately the subsurface rights in Alaska are not as straight forward, as you seem to think. I strongly suggest you do some googling.
Fair enough, but only if counterbalanced by the Rapture Report of how much we’ve kept in our possession by not paying state taxes.
Sure, but money “kept in our possession” cannot include that spent on cheap Chinese junk or winter vacations to Maui or Disneyland.
Why?
Fundamentally ALL funds you earn are yours. By societal contract a portion is withheld for community needs like roads, police, fire etc. The dividend is part of that income.
More informative would be a report/audit to see what government has done with the portion of YOUR and MY money, they have received from our earnings.
“……..Why? Fundamentally ALL funds you earn are yours……..”
And all funds spent on non-durable junk is no longer yours immediately upon spending it, and all funds you save or invest remain yours. Thus, monies mailed out to be spent on dope, alcohol, Chinese consumer products, Maui vacations, etc is gone, gone, and gone. It’s no longer yours. But all monies invested and bringing back returns is still yours, yours, and yours……..and growing. It’s a pretty simple reality that somehow continues to elude folks like yourself………or is steadfastly rejected.
It’s called freedom of choice when or where I spend my assets that I worked to earn. Taxation is theft. Try harder.
You didn’t earn a PFD by working. You earned by breathing Alaskan air for 182 days per year.
Freedom, taxation is NOT theft. It is the contractual obligation we as a society have made to finance functions of government. That being said, excessive taxation to keep a bloated bureaucracy, bloated entitlement programs or punitive taxation towards one individual or entity in an industry group is unacceptable and should always be vigorously opposed. I have always been a fan of the flat tax, as a large portion of population in this country in the end pay no federal income taxes.
This is where elections are so important and why there are so many efforts to manipulate that process with things like RCV.
Reggie, who anointed you god and king???
Why should everyone have to live by the decree of Reggie Taylor?
What folks do with the funds they receive is entirely theirs to decide. You are deliberately obtuse to the fact that initially all funds belong to the person, who earned it. It is their money to use as they see fit. It’s called Life Liberty and the Pursuit of happiness, you may have heard of it.
While I am speaking in general, you nevertheless take it upon yourself to make assumptions not in evidence, regarding my personal investment habits or consumer purchasing (which are also none of your business).
For the record even invested funds are subject to capital gains taxes, brokerage fees and transaction/maintenance fees etc, so not all of those funds are yours, yours, yours……just saying
“………Reggie, who anointed you god and king???…….”
I haven’t, and neither have you.
“…….Why should everyone have to live by the decree of Reggie Taylor?…….”
They don’t, and they don’t have to live under yours. We all have to live under the law, and the Supreme Court has ruled on PFD distribution amount schemes. It’s just another appropriation and subject to the legislative process. Period. So buy your cheap Chinese goods while the Legislature blesses you with free money and before Trump steals it with 75% tariffs. Time is short……..
Sadly your are sooo in denial!
Your railing against people, who chose to buy goods is really something. You deem everyone as stupid and inept, yet you steadfastly refuse to distinguish between the welfare (medicaid, SNAP) and an investment the state made for all who live here called the Dividend.
Have a wonderful day!
“…….Sadly your are sooo in denial!………”
It’s you in denial. Again, the fact is that the PFD amount issue is over. The Supreme Court has ruled. It’s just another legislative appropriation. The real issue, being clouded by simpletons like yourself, is continued PFD’s while simultaneously instituting new taxes to support the HUGE level of social spending on personal entitlements (as if just mailing out cash wasn’t enough). If you think that a “reduced” PFD amount is a difficult freebie to keep, wait until the working class is that they’ll be taxed on their incomes while the state continues to mail you cash so you can send it to China. Yeah, Mr. “Taxpayer”, the goo is about to hit the fan. Better spend your next free check on a good pair of Helly Hanson rainwear, cuz it’s about to get messy…………….
Why are you so angry?
Why are you assuming I send any of my cash to China or engage in consumerism?
I find it interesting that while (according to your post)you used the PFD from your kids to invest for them, you are not at all interested in giving others that chance. You apparently had no problem taking that “freebie”.
our legislative body is all about them and their pet projects to get reelected. they have no regard for the statute or the people. Vote ALL of them out and let’s start over.
The majority of the members of the legislature need to be prosecuted and punished for grand theft. And while you’re at it, throw in Governor Walker and the State Supreme Court. I’m sick of these people.
Clearly, the PFD has been sacrificed for more government in Alaska. That’s what are leaders have supported, starting with the disgraced Bill Walker. Now, more than half of the legislators believe in socialism. They don’t want the people to have their own power of the pocketbook. The only way we can defeat this kind of radical socialism, and the people in office who support it, is to vote their *sses out. Period.
Thieves. Giessel, Stedman, & company are in felony territory.
That’s right MRAK – feed the rage. Right on brand. Never mind the inconvenient little fact that the money went to support your government, whose services you and all other Alaskans so richly enjoy.
Alaska would have been far better off to follow the Norwegian GPFG model, where the accumulated oil revenue was used to pay old-age pensions instead. At least that would have eliminated the incessant b*tching about not getting a bigger annual check. Geez.
What a bunch of spoiled, entitled whiners.
i do not want more government. If you actually read anything I wrote here on MRAK, that would be obvious. The less money the State legislature gets from me, the better off I am.
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There has never been a politician, on either side of the political aisle that did not insist on spending other people’s money on luxury items that make them more electable. And, that crap needs to stop.
You benefit in ways you don’t even comprehend. You can try anarchy, but you won’t like it.
Please stop saying things on MRAK that you do not actually mean. If you are going to claim you do not read my comments, stop actually reading and responding to them.
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As to your “reply” I comprehend very well what benefits government provides. And, unlike you leftists, I also know where the government’s responsibility ends.
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But, you do you. Keep pushing for the government that provides you everything you want. Sheep like you are exactly what they want.
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Remember, the sheep are taught by the shepherd to fear the wolf their entire life, but eventually end up being eaten by the shepherd. Then again… I doubt that metaphor will actually mean anything to you.
“…….Alaska would have been far better off to follow the Norwegian GPFG model……”
Hear! Hear!
Dog comments here at MRAK on a continual basis, but never contributed a dime. He would prefer that someone else pay the bill. Typical free-loading socialist POS. Yeah…..YOU, Dog.
Well I’ve paid well into seven figures in income tax so far in my lifetime. That ain’t nuthin. How about you, mate?
You can actually give freely any amount of your money you desire to the government Dog. Go for it. Taxation is theft.
I disagree.
Taxation is not theft.
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What do you call it when someone takes the fruits of your labor without your permission, and uses them to benefit themselves? That is slavery, not theft.
“……..Taxation is theft……..”
Unless it’s a negative tax. Then it’s a gift……… not an entitlement………
Cool.
Now tell us how much you have taken out of the system.
Zero public funds.
Bull.
And you know it.
The democrats of Alaska have found a way to STEAL FROM THE PEOPLE.
After that, then the taxes
Every Alaska Politician is a liar and a thief, Why do we have a Governor if these people can over ride a veto and steal the PFD with no Consequences?
Vote all of them out.
The Permanent Fund corpus is currently valued at @ $83 billion.
Since 1980, the Permanent Fund Dividend program has distributed over $21 billion. That money is gone. It bought no infrastructure or anything else that represents investment. It represents a quarter of the current corpus, not including the returns it could have been accruing over the years like the Norway Oil Fund has been doing, making the nation of Norway the richest on Earth.
Our current budget just passed through much legislative strife (including a $1000 PFD, which will total $740 million, or 3/4 of a billion) totals $14.2 billion. Just $2.9 billion of that is the capital portion.
The PFD program has been a 45 year party of retail and winter vacation waste. Any further growth In the Permanent Fund corpus will be a miraculous accident. The race is on to determine who will suck the rest of it dry like a leach; government (who provides “programs” for residents) or residents (who provide money for retail or entertainment business entities).
Reggie, you bemoan that Alaskans spent their checks on stuff and vacations (not that that is any of your business) keeping businesses in operation and providing jobs for fellow Alaskans. More likely the funds went to car repairs, school supplies and fuel oil for the winter.
Yet you seem to give our government a total pass here. What did they do with THEIR share of the dividend? Did the build new roads where they had not been any? Did they build new bridges or create first rate educational opportunities for our children?
No they did not. They wasted money on growing government, boondoggles and pet projects, while continuously undermining the industrial base providing the funds for their largess.
So frankly, I am tired of this centralized politburo absconding with every penny they can to pay themselves bigger pensions and hire more people (to pay more union dues) and create more roadblocks for the ones footing the bill.
“……..More likely the funds went to car repairs, school supplies and fuel oil for the winter………” You write as if I haven’t been here since well before the first PFD payout and haven’t actually witnessed what it has been spent on. When the first PFD payout occurred, I had a tenant who didn’t have a job and who took his entire family’s collective PFDs and bought a pound of weed to sell “and get rich”. Yeah, in addition to the cheap Chinese junk and Maui vacations, a lot of it has been spent on dope. You aren’t replying to a resident of Delaware here, Dude………
“…….Yet you seem to give our government a total pass here. What did they do with THEIR share of the dividend? Did the build new roads where they had not been any?………”
Obviously, you either never drove the Glenn Hwy out to the Valley pre-oil, did you? Don’t remember Mayor Tony Knowles “Accelerated Road Project” out to the metropolis of Eklutna………and Valley residents continuing on single lanes back and forth for another 20 years? Or the Glenn “Highway” out to Glennallen? Or how about the Parks Highway, completed in 1971 (before oil flowed, but after discovery and part of the preparation)?
Or how about the hundreds and hundreds of airports (to every village out there)?
Yeah, it’s all there. Not like the cheap Chinese junk now filling our landfills (more infrastructure), if people even bother to throw their junk away rather than simply letting it pile up around their hovels.
Again, what people spent their checks on is absolutely none of your business.
Frankly “pre-oil” road projects are not what I am talking about here. I am also not talking about improvements to EXISTING roads.
I am looking at the oil wealth and the costs for the 50+ years of study of the Knik-Arm Cook inlet bridge, the inability of the state to build a road from King Cove to Cold Bay or extend in a meaningful way long existing road miles, laying rail or building a road to Nome, connecting by land villages to larger urban centers, you know things that would move the state forward and support commerce, safety, better services to all Alaskans etc.
Remember the fish plant, the Point Mackenzie Dairy project, or the airport rail road depot….boondoggles all of them. Waste of money…..and these days we are going back to defined benefits and loaded down education budgets with no reform solely serving government, uncaring that it will bankrupt the state.
You seem to have no problem when government splurges, but I guess Alaskans having a little fun with the pittance they get for “their oil” is just not acceptable for you.
“…….Again, what people spent their checks on is absolutely none of your business………”
It isn’t my business. It’s my point, and it’s obvious that you don’t like it. It’s public money that has been. converted inefficiently into waste. It’s every bit as a public concern as welfare money spent on jewelry.
You repeatedly try to refocus on government waste and boondoggles, and I agree they exist. However, that doesn’t justify another, larger one. Forty five years of PFD distribution has benefited lots of retail businesses in this state, and it certainly benefited my kids. I saved their money for them. One kid wasted hers immediately after it was turned over upon her becoming an adult. Gone in months. The next still has his in a trust, and it has grown handsomely. The third bought her home with hers. That’s the power of investment, and the foolishness of consumer spending. You want to advocate consumer spending funded by classic Marxist socialism? Fine. I want to advocate sound public infrastructural investment, even if you don’t like it.
Oh, BTW Mr. Taxpayer, unless you’re paying a professional tax, the only taxes you’re paying to the Great State of Alaska is a gasoline tax at the pump, which is the lowest state gasoline tax in the nation. The state is actually paying YOU a negative tax to be here, and some of us want a tax break on that one.
Sadly another example of lack of understanding what a “DIVIDEND” is!
Cutting the PFD in half or more is a TAX on my income from the oil I communally own with my fellow Alaskans. I know it’s hard to get the concept, but try to keep up.
BTW there are a myriad of fees and property taxes paid to the state or local governments, so your claim does not really hold water.
“…….Cutting the PFD in half or more is a TAX………”
Correct; it’s less of a NEGATIVE TAX. Econ 101, Dude: ‘https://en.wikipedia.org/wiki/Negative_income_tax#Further_reading
In this case, it isn’t a negative INCOME tax. It’s pure socialism; common ownership of public resources, right out of The Communist Manifesto. It has most recently been called Universal Basic Income by 2024 Democrat POTUS candidate Andrew Yang who wants to use it as the basis of the New Welfare System, just as many here in Alaska try to use the PFD as a lame argument of it being some sort of welfare necessity because they “pay bills” with it.
No, you aren’t paying property taxes to the state. You (and I) are paying them to local government. The only state tax you pay is a gasoline tax at the pump, and Alaska’s gasoline tax is the smallest of all 50 states at 8.95 cents per gallon. Even if you’re an employer, most payroll taxes are actually insurance premiums (unemployment, accident, and medical) and are paid on the behalf of your employees, not everybody else. So if you want to whine about your local taxes, try not to insert it into your demands for huge state NEGATIVE taxes.
The PFD is NOT a refund or a welfare grant or a welfare check from the government. Negative taxation is based on income of the individual filer.
Andrew Yang is truly misguided thinking that $1000/ year will keep anyone in house and home. I agree with you that the underlying concept of shared ownership is idiotic and socialistic. That being said, investing earnings of the resource into an investment vehicle that pays dividends to grow your capital and receive distributions is clearly capitalism.
The PFD IS A DIVIDEND!
(Def per Webster: an individual share of something distributed:
such as a share in a pro rata distribution (as of profits) to stockholders. Profits are distributed to shareholders as dividends.
A share of surplus allocated to a policyholder in a participating insurance policy)
The same dividend you would get if you invested in Vanguard or Fidelity. It is income to the individual Alaskan from an investment managed by an agency associated with the state, funded by a commodity we jointly own. If the state takes a cut off the top along with their own share, that’s a real tax, as it is not based on income or any other factors. So if the PFD coming to each Alaskan is $3000 and the state takes $2000 away and gives you $1000, we all have just been taxed.
“……..The PFD is NOT a refund or a welfare grant or a welfare check from the government………”
That’s exactly what it is every time somebody like you advocates taxes while still distributing a PFD because ending it is “an unfair tax on the poor”.
Oh on another note, you complain that property taxes are not state taxes. While technically you have a point, over 50% of the property taxes we pay in this town go to the school district. Education is clearly a state funding responsibility and so one can argue that the school district part of the property payment supports and pays a state function.
“…….over 50% of the property taxes we pay in this town go to the school district. Education is clearly a state funding responsibility……….”
In Mat-Su, education consumed as much as 95% of tax receipts, but now is closer to 85%……..and like the Kenai Peninsula (but unlike Bush villages or Anchorage), much of that is bus transportation. But no, primary education has been a local responsibility of local government nationwide for the first century and a half of our national experience, and only got consumed by state governments AFTER the Scopes Monkey Trial so government could take over the minds of our children. It worked like a bad dream, too.
If you can’t afford to live in Alaska without a government subsidy, maybe you shouldn’t be there.
Totally agree! Let’s reverse the medicaid expansion, limit snap to 1 year and forget about housing assistance all together….
Or stop the PFD. Watch the state population dive by a good 15% or more, and the precise people who would leave are exactly the ones we need to leave. Ever hear somebody proclaim that they’d leave if “the state stole all my PFD”? Next time you hear that, take a good look at the proclaimer. Think about it…………
Reggie, you are correct. There are individuals in this state, who are here because of the check. I have met them.
The problem as I see is the collective ownership of the resources by all individuals in the state. If there is individual ownership then there needs to be individual remuneration of some sort. If instead we had declared the state as the sole owner of the resource(not just the administrator), we would have a different discussion.
You may think it is semantics, but it makes all the difference. People as part owners have a right to reap some of the earnings of the oil wealth.
I personally have no problem doing away with the PFD. Distribute the existing funds between the state and the people and declare the state the sole owner entity or allow individual property owners to manage resources on their land.
Either way this idiocy has to stop.
“…….You may think it is semantics……..”
That’s exactly what it is, and we can thank Wally Hickel for that silly semantic slip. Precious minerals and commodities under state land are state resources, and the Supreme Court has ruled on its appropriation. Period. And no, the Permanent Fund corpus is not going to be handed out any more than huge “dividends”, either. The socialist payday is dying. I’d suggest trying Venezeula, but it didn’t last long there, either…………..
Sigh…never mind.
You must work for the state, nothing else explains your recalcitrant inability to reason.
Venezuela nationalized everything they could get their hands on, to make Hugo Chavez and his buddies filthy rich and to heck with the impoverished masses.
Kind of like the old Soviet Union, where politburo members were more equal and deserving than others……
Greed is very obvious here in our legislature too, where Giessel and company have never met a dime they did not want for more government ….instead of making cuts and budgeting with the funds they do have available.
“……..You must work for the state, nothing else explains your recalcitrant inability to reason………”
I’m retired. Asset rich, income restricted. If I lose my assets, I end up in a tent on public property. I can’t afford to be stupid. Life isn’t about cheap Chinese junk. It’s about wise investments and prudent consumption. Catch the clue. Reject stupidity. It’s deadly.
I totally agree, life is not about cheap Chinese junk and I never made a claim to the contrary.
My point is simple:
You decide what works for you. Everyone else gets the same right and you don’t get to harangue them about their choices.
Out of idle curiosity if everyone in this state invested their share of the PFD and did not spend it on “cheap Chinese junk” would you still be opposed to the distribution?
15,112$ per man woman and child. Taxation of children? They want the whole enchilada, let’s put it to a vote of the people. It won’t pass a 75/25 split they want.
Phil, Thanks for keeping track of the numbers as a reminder for concerned residents.
Hopefully there will be another site or similar accounting of how those dollars were spent and what the results of those funds spent. Such as funding public education institutions that are not competent enough to send graduates out into the workforce with the skills required to learn a trade where simple math and reading comprehension is required.
Another accounting of who voted for what in the legislator during election season would be helpful info as well.
Senator Dunleavy – who as a majority member of finance, wrote the state budgets as we churned through 16 billion in savings/failed to replace revenue when the bottom fell out of our oil income in the early-mid 2010s; ran for Governor on the promise that only the Governor could restore full PFDs.
How’s that going, Governor?
The fact that people are willing to allow this criminal theft to go on is a testament to the fact the judiciary are in on the theft of YOUR rights. Our “government” has been corrupted and taken over by the bureaucracy and we will never get it back, short of civil war. The bureaucratic tyranny running our government, from local to federal, will never willingly give it up.
You are correct.
The oath taken by elected leaders to uphold and follow the laws are being so blatantly ignored.
As the present PFD diminishes, the legislature should enact a 2ndary back-up PFD program called the “Hammond Bond”. It would be far cheaper than the present PFD program (at least to begin with). The proposed “Hammond Bond” is a mirror image of Governor Jay Hammond’s original 1980 PFD program that he signed into law on April 15, 1980. The 1980 PFD law favored long-term Alaska residents. The longer their residency, the bigger the check. Unfortunately, it was challenged in the U.S Supreme Court, and was replaced in 1982, by the current PFD statute. The “Hammond Bond” fixes those legal issues, but still ultimately favors long-term Alaska residents.
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Google “Hammond Bond 1980 PFD” for a picture of the bond certificate, and explanation.
“……Unfortunately, it was challenged in the U.S Supreme Court, and was replaced in 1982, by the current PFD statute……..”
What do they say about repeating the same mistake multiple times?
Socialist schemes appear to have no end, even after they’ve been ended.
$105,784 stolen from my family. To top it off they unlearned my 6th grade daughter how to do long division, instead teaching how to be “nice” and “kind”.
$105,784. How is this not a tax?
Larry Legend. “A cut in the PFD” is not a tax, because the definition of a “true tax”, is when the government takes money from a person who individually owns that money. In other words, out of his pocket or bank account.
A “cut in the PFD” involves money that was never individually owned. Once a person’s name is written on a PFD check and then sent to that person, then that is the portion of money that becomes “individually owned”.
And when the federal government comes around and taxes a portion of that PFD check, then that is an example of a “true tax”.
The Alaska Permanent Fund, as well as other state assets (roads, bridges, trooper cars, filing cabinets, road graders, etc.) are “collectively owned” by the Alaskan people.
I once bought a “collectively owned” filing cabinet at a University of Alaska surplus auction for $10. I then “individually owned” it.
Randy. Cuts that should have never happened.
Full PFD or My subsurface mineral rights back.
Simple.
“……Full PFD or My subsurface mineral rights back……..”
It’s really time to put this silly claim to rest. So Larry, please explain to us what valuable minerals under your land has been taken from you. Then explain how Valley landowners have been selling gravel to Anchorage developers over the past 75 years. Yeah. Gravel. Dirt.
Do you know the difference between minerals and ‘dirt’? If not then go put your head back in the sand.
Just wait, this battle gets worse. They want to institute income snd sales taxes. Then only the unemployed get away scot free.
It IS a tax. It is paying for the mistakes of a fiscally irresponsible government, who actively ignores the will of The People.
Bill Walker is a coward. So are all the spineless, merry-go-round, politicians hiding in Juneau.
Thank You all for using my calculator / clock, it is an unfortunate reality that the government has the power to change the PFD law, instead they just don’t bother because it is inconvenient for their reelections.
They would rather play a game every year acting like they are broke while simultaneously being unhinged on spending.
They know exactly what they are doing. The Unions and Arabella Advisors created this. Unions donated money to Arabella through the 1630 Fund, 1630 Fund and Arabella Network worked on ballot measures to push Automatic Voter Registration, Ranked Choice Voting, and Minimum Wage Increase.
You can guarantee that Kendall & Co. have their hands all over the current legislative agenda. All brought on with RCV, which now eliminates accountability for our politicians so we can’t remove them.
Phil Izon
Russell Vought, Director of the Office of Management and Budget, notable quote: “For years I’ve been beating the drum on waste in our government. It is beyond time for our federal government to start taking responsibility for this reckless and irresponsible approach to spending.” DOGE uncovered billions in waste and fraud in the federal government.
The Alaska budget process which includes reckless and irresponsible spending must be stopped. Municipality of Anchorage budget process which includes even more reckless and irresponsible spending must be stopped. Billion dollar question is how? Voting system is rigged and average citizen has no voice that can be heard!
What is done in secret behind closed doors needs to be brought out into the light! Time to move Alaska Capital from Juneau and past time for MOA to open doors to REAL PUBLIC COMMENT including actionable items.