Ravenous wolves are circling our Stash of Cash.
En garde mes Amis, Protect our P.F.D.
“Quite a trick to blow through Alaska’s savings, then propose a dividend cap.” Clem Tillion, ADN Jan. 25th 2016 You Agree? They have spent over twice the value of our fund and now want to spend even more. They do not know when, or how to stop spending. Starting with OUR Dividends they want access to our Permanent Fund itself. What?
“Alaskans beware: Government will never defund itself.” Jim Crawford ADN Feb. 6th 2016. He goes on to write; “Don’t fix the public budget by breaking the backs of Alaska families. A bloated bureaucracy won’t sustain Alaska’s economy. A stable and private sector will.”
Gov. Bill Walker himself says that it is time for us all to pull together to raid the People’s fund. Ref: ADN Friday, Jan. 21st 2016. Yes, Bob Kaufman, you and all the others, are all Thieves, Robbers and Rapists. Having, down the years, overspent our oil income $Billions, would you now rob the Peoples Permanent Fund too? It is time to become aware that our minds are being pre-conditioned, by one commentator after another. We are being brainwashed, Herr Gobbles style, by lying propaganda published regularly via the ADN and other local media into accepting the idea that we must allow our state access to our Pot of Gold, Our Permanent Fund. En garde mes Amis, Protect Your P.F.D. from the ravenous wolves who greedily circle our Stash of Cash. Frau McGuire is even better than Herr Gobbles. See ADN Sunday March 6, 2016 “There’s a way to keep PFDs, balance our budget, limit government.” Is that so? Well, I may be Irish, but my eyes are not green.
The Dirty Bastards club is very strong here in Alaska. First they had to rid us of Alaska’s Leading Lady, our ex-Governor Sarah Palin. Then that traitor in our midst, Sean Parnell, helped get rid of ACES and gave the $Billions we were getting as our clear and equitable share of oil taxes, to the oil companies. We need her back to lead us forward. Come back Sarah Palin to Alaska, your home. Come fill our coffers again, with $Billions as you formerly did, when you gave us ACES, before you were driven out of here, by the Dirty Bastards, who hate your guts. They hate our guts too and will gladly shear us naked. We need you again to subvert those treacherous Bastards. They will ignore the law, avoid putting the matter to the people and raid our fund. They will not contain their spending within the limits already allowed by the fund. They now want a percentage of the very fund itself, not just the earnings reserve account.
ALASKA CONSTITUTION ARTICLE VIII – NATURAL RESOURCES
Section 1. Statement of Policy. It is the policy of the State to encourage the settlement of its land and the development of its resources by making them available for maximum use consistent with the public interest.
Section 2. General Authority. The legislature shall provide for the utilization, development, and conservation of all natural resources belonging to the State, including land and waters, for the maximum benefit of its people.
All monies produced from our Natural Resources, belongs to the State of Alaska. Therefore the legislature shall provide for the utilization, development, and conservation of all natural resources belonging to the State, including land and waters, for the maximum benefit of its people.
The Permanent Fund does not belong to our State Government. It belongs to the People of Alaska State. All this propaganda babble is just that. Babble. We The People, can of course, lend money from the Fund to the State against receipt of Non-Redeemable, Tax Free State Bonds @ let’s say 10%. These bonds could be issued to the Permanent Fund Corporation who could hold them on behalf of a citizen or they could distribute them to each citizen, who can then sell them on the bond market if desired. Once sold however, they would become taxable.
Borrowing fund monies can and must be done at commercial rates beneficial to the Fund.
Herr Kaufman is correct, in that small cuts in the budget are not going to make any difference to our state expenditures. So then, Privatize Education. Wow. Have you got the guts to face the music? Privatize the city police forces. Privatize the fire brigades. Privatize our jail system. It is way past time to get rid of SB21 and bring back our ACES form of taxation on oil. It is time to get rid of all Oil Tax Credits. The privatization of Govt. services will eliminate the need for taxes.
No pressure should ever be brought to bear by any government officials upon the Permanent Fund Trustees to buy or sell any investments. The Trustees need to be able to act totally independent of government interference to make good financial decisions.
It’s no secret that most of the politicians in Juneau look longingly at the Alaska Permanent Fund to solve the current budget crisis. The reality is that politicians whose election campaigns are paid for by the wealthy few don’t represent the folks for whom the PFD is such an important, even critical part of a family budget. Thank you Governor Hammond. Our Governor now, needs to obey our Alaska Constitution and the people of Alaska who have already voted by an almost 90% vote on this PFD matter.
That’s one reason Gov. Jay Hammond wanted a dividend. Defending that dividend means defending the fund. Rally Rround and Roar at the Robbers who would Raid our Stash of Cash.
Now the introduction of a sales tax at just 3%, while maintaining all other taxes as they are, is a No Deal. Ist nicht gut, mein Herr, nein, nein, nein. No new taxes to rape and rob the people. The Fund can lend the State money against 10% tax free bonds. Most of us have to pay much more than 10% ON OUR CREDIT CARDS. If the State wishes to spend money it does not have, then it too like unto us, should have to pay for the privilege. Yes Governor, let’s all pull together, but let’s not destroy the People’s Fund. We the people will gladly lend you money to keep you financially viable against the security of AK State Bonds @ 10% interest, non redeemable. All you have to do is make a profit by charging for your services and pay the interest due on the bonded loan, Or Rescind SB21 and Re-enact our ACES Tax act.
John J Kiernan Goldbeard84@gmail.com Cell# 907-441-2964
Thursday, April 27, 2017
Tuesday, April 4, 2017
Re-enact ACES Taxes. Rescind SB 21.
Give away of Our ACES Oil Tax Revenue?
Then as a Budget Solution, attempt a PFD Theft!
Wolves are howling Folks. Rally round and protect our Fund.
Our AK Permanent Fund is not a part of the Constitutional Budget Reserve Fund. It never was. The two funds are totally separate. One provides for State Government expenses. The other provides a Nest Egg for all of the People of Alaska, both current and future residents. We the People own all of Alaska's resource wealth. Our AK constitution says so.
Our AK Permanent Fund is not a part of the Constitutional Budget Reserve Fund. It never was. The two funds are totally separate. One provides for State Government expenses. The other provides a Nest Egg for all of the People of Alaska, both current and future residents. We the People own all of Alaska's resource wealth. Our AK constitution says so.
Republican Governor Wally Hickel coined the term, "Owner State" inspired by our state constitution and in particular two of its provisions:
Article 1, Section 1: Inherent Rights. This constitution is dedicated to the principles that all persons have a natural right to life, liberty, the pursuit of happiness, and the enjoyment of the rewards of their own industry; that all persons are equal and entitled to equal rights, opportunities, and protection under the law; and that all persons have corresponding obligations to the people and to the state. [emphasis added]
Article 8, Section 1: Natural Resources, Statement of Policy. It is the policy of the State to encourage the settlement of its land and the development of its resources by making them available for the maximum use consistent with the public interest.
The Owner State model was born out of Alaska’s colonial roots; Our resources being extracted by outside fishing interests. That evolved into a flimsy protection holding the line against the oil companies today.
“[R]esources must be used for the maximum benefit of the people,” Wally Hickel’s son, Jack, told Anchorage Daily News columnist Shannyn Moore in 2012. “Not for the maximum benefit of an oil company or for a government official, but for the maximum benefit of you and me, equally.”
No one has the legal authority to take money from the Alaska Peoples Permanent Fund without a referendum vote from “WE the People”.
The Fund was set up in 1976 by an amendment to our constitution not by the Legislature, but by a public vote of “We the people”, as the Alaska Permanent fund. Then in 1980, the current dividend program was created by statute, mandating roughly 50% of the earnings from the fund be distributed to all Alaskans Annually. 50% of the Fund’s earnings, were legally mandated by Statute, to be paid out to the people. The other 50% has been yearly re-invested in the fund to counteract inflation. This 50% could simply be invested in 10% Ten year Tax exempt AK State bonds and thus while continuing to counteract inflation, yet provide the Governor with emergency, budget funds, if needed.
When in 1989, then governor Tony Knowles asked permission of the people to use money from the fund for government expenses, 84% of the people roared NO!
Since then our really excellent Ex-Governor Sarah Palin filled our coffers to overflowing with our new ACES form of oil tax revenue. To get rid of ACES, Sarah Palin had to be driven out of Alaska. The dirty oil bastards club members saw to that. Sean McCain too was also instrumental. Then treacherous Sean Parnell almost immediately had
ACES replaced with SB 21, and thus the state is almost bankrupt.
Having been elected Governor on the promise that he would not touch the Permanent Fund, in June of 2016 Governor Walker illegally used his veto powers to overrule laws already legally enacted in 1976 and 1980, to cap the fall’s dividend at $1000. Essentially (he says) saving the fund $666 million in dividend payouts. He took $1000 from many poor Alaskan’s, and again in 2017 and again in 2018 he imposed a capitation tax on monies all legally mandated to be paid out. The Governor has broken our 1980 State Law without authority from Congress or the Public. He has broken State Law. His veto power does not extend to enacting a new law. He is our elected governor, not our King, nor Dictator. Congress alone has authority to Enact new law. He should obey all State laws already passed, and obey Article 1 Section 9 of the USA constitution which reads: “No Capitation, or other direct, Tax shall be laid”. By Governor’s edict, he has applied a direct Capitation tax to everyone in AK and stands in contempt of our USA constitution.
1. Now, with ACES and Governor Sarah Palin out of the way, he wants the Fund to pay $700 million back to the oil companies. We can’t afford those oil tax credits now on SB 21 tax revenue, AND HE JUST HASN’T GOT THE GUTS TO VETO THEM OUT OF EXISTENCE AND CANCEL THEM ENTIRELY. He wants you and me to pay for them out of the Fund, no less. Why are we continuing to pay Oil Tax Credits?
We will take most unkindly to theft from our fund. We did not elect a gang of Mafia Robbers to the legislature. We elected Senators and Representatives most of whom instead of representing us, have betrayed us by giving away our ACES income form of taxation to the oil company giants. Let us no longer continue to subsidize those Giants with Oil Tax Credits and only obtain reduced taxes under SB 21? When SB 21 was being promoted by then Governor Parnell, all sorts of oil production promises were made which have failed to materialize. Very well then, they failed to keep their promises, so the simple solution to our Alaskan financial situation is to rescind SB 21 and re-enact ACES, automatically backdating it to the implementation of SB 21. If those Oil companies cannot work without State Welfare Tax Credit subsidies, then Goodbye folks! All others welcome. Do not re-introduce those Oil Tax subsidies.
Now the state Legislature and our Governor are looking around in desperation, they only have a small Constitutional Budget Reserve backup fund with less than $5 Billion. From over $20 billion to less than $5. Where did that money go? When will they ever learn to stop spending OTHER PEOPLE'S MONEY? Before their oil revenue in the CBRF is exhausted they are attempting to attack our Permanent fund.
Article 1, Section 1: Inherent Rights. This constitution is dedicated to the principles that all persons have a natural right to life, liberty, the pursuit of happiness, and the enjoyment of the rewards of their own industry; that all persons are equal and entitled to equal rights, opportunities, and protection under the law; and that all persons have corresponding obligations to the people and to the state. [emphasis added]
Article 8, Section 1: Natural Resources, Statement of Policy. It is the policy of the State to encourage the settlement of its land and the development of its resources by making them available for the maximum use consistent with the public interest.
The Owner State model was born out of Alaska’s colonial roots; Our resources being extracted by outside fishing interests. That evolved into a flimsy protection holding the line against the oil companies today.
“[R]esources must be used for the maximum benefit of the people,” Wally Hickel’s son, Jack, told Anchorage Daily News columnist Shannyn Moore in 2012. “Not for the maximum benefit of an oil company or for a government official, but for the maximum benefit of you and me, equally.”
No one has the legal authority to take money from the Alaska Peoples Permanent Fund without a referendum vote from “WE the People”.
The Fund was set up in 1976 by an amendment to our constitution not by the Legislature, but by a public vote of “We the people”, as the Alaska Permanent fund. Then in 1980, the current dividend program was created by statute, mandating roughly 50% of the earnings from the fund be distributed to all Alaskans Annually. 50% of the Fund’s earnings, were legally mandated by Statute, to be paid out to the people. The other 50% has been yearly re-invested in the fund to counteract inflation. This 50% could simply be invested in 10% Ten year Tax exempt AK State bonds and thus while continuing to counteract inflation, yet provide the Governor with emergency, budget funds, if needed.
When in 1989, then governor Tony Knowles asked permission of the people to use money from the fund for government expenses, 84% of the people roared NO!
Since then our really excellent Ex-Governor Sarah Palin filled our coffers to overflowing with our new ACES form of oil tax revenue. To get rid of ACES, Sarah Palin had to be driven out of Alaska. The dirty oil bastards club members saw to that. Sean McCain too was also instrumental. Then treacherous Sean Parnell almost immediately had
ACES replaced with SB 21, and thus the state is almost bankrupt.
Having been elected Governor on the promise that he would not touch the Permanent Fund, in June of 2016 Governor Walker illegally used his veto powers to overrule laws already legally enacted in 1976 and 1980, to cap the fall’s dividend at $1000. Essentially (he says) saving the fund $666 million in dividend payouts. He took $1000 from many poor Alaskan’s, and again in 2017 and again in 2018 he imposed a capitation tax on monies all legally mandated to be paid out. The Governor has broken our 1980 State Law without authority from Congress or the Public. He has broken State Law. His veto power does not extend to enacting a new law. He is our elected governor, not our King, nor Dictator. Congress alone has authority to Enact new law. He should obey all State laws already passed, and obey Article 1 Section 9 of the USA constitution which reads: “No Capitation, or other direct, Tax shall be laid”. By Governor’s edict, he has applied a direct Capitation tax to everyone in AK and stands in contempt of our USA constitution.
1. Now, with ACES and Governor Sarah Palin out of the way, he wants the Fund to pay $700 million back to the oil companies. We can’t afford those oil tax credits now on SB 21 tax revenue, AND HE JUST HASN’T GOT THE GUTS TO VETO THEM OUT OF EXISTENCE AND CANCEL THEM ENTIRELY. He wants you and me to pay for them out of the Fund, no less. Why are we continuing to pay Oil Tax Credits?
We will take most unkindly to theft from our fund. We did not elect a gang of Mafia Robbers to the legislature. We elected Senators and Representatives most of whom instead of representing us, have betrayed us by giving away our ACES income form of taxation to the oil company giants. Let us no longer continue to subsidize those Giants with Oil Tax Credits and only obtain reduced taxes under SB 21? When SB 21 was being promoted by then Governor Parnell, all sorts of oil production promises were made which have failed to materialize. Very well then, they failed to keep their promises, so the simple solution to our Alaskan financial situation is to rescind SB 21 and re-enact ACES, automatically backdating it to the implementation of SB 21. If those Oil companies cannot work without State Welfare Tax Credit subsidies, then Goodbye folks! All others welcome. Do not re-introduce those Oil Tax subsidies.
Now the state Legislature and our Governor are looking around in desperation, they only have a small Constitutional Budget Reserve backup fund with less than $5 Billion. From over $20 billion to less than $5. Where did that money go? When will they ever learn to stop spending OTHER PEOPLE'S MONEY? Before their oil revenue in the CBRF is exhausted they are attempting to attack our Permanent fund.
As the dividends increase each year there would be more and even more money available to purchase new State Bonds. Government budgeting expenditures plus interest payments on bonds already issued, would just need to be limited to 50% of the PFD's earnings related account within the Fund. Thus we’d have an endless supply of cash serving the Government and the public. The money just needs to be passed around as planned and paid for, by 10% Tax exempt State bonds.
If the Government fails to pay interest due on the Bonds, the fund could simply refuse all further government loan applications. Thus our fund needs to function totally independent of the Governor and the State Legislature and we could thus place a limit on Government spending. The Fund need not be robbed, but its purpose, in fact, enhanced.
If the Governor needs money desperately, then let him issue 10% Tax Exempt State Bonds which will enhance the fund and help it counter inflation. Rescind SB21 and Re-Enact the ACES oil taxes system. Stop giving away our tax revenues to rich Oil companies. Remember the original deal was 1/3 of net revenue to each of Big oil, the FEDS, and AK.
Our AK Permanent Fund is not part of the constitutional Budget Reserve Fund. You've had your Constitutional Budget Reserve Fund and your 75% share of the revenue. We the People, have our Permanent Fund and our 25% share. Our Permanent Fund monies belong to “We the People” of Alaska. Let’s keep it that way. Pay the People their due dividends as legally enacted. Pay Up. Obey all laws as enacted. Let us all remain a law abiding people. Alaska will thus grow from a well off, to an extremely wealthy State of the Union.
But this DBC club based upon, you scratch my back and I'll scratch yours and the secret good-fellow handshake has to be ended. M.AK.G.A. Bring back ACES.
If the Government fails to pay interest due on the Bonds, the fund could simply refuse all further government loan applications. Thus our fund needs to function totally independent of the Governor and the State Legislature and we could thus place a limit on Government spending. The Fund need not be robbed, but its purpose, in fact, enhanced.
If the Governor needs money desperately, then let him issue 10% Tax Exempt State Bonds which will enhance the fund and help it counter inflation. Rescind SB21 and Re-Enact the ACES oil taxes system. Stop giving away our tax revenues to rich Oil companies. Remember the original deal was 1/3 of net revenue to each of Big oil, the FEDS, and AK.
Our AK Permanent Fund is not part of the constitutional Budget Reserve Fund. You've had your Constitutional Budget Reserve Fund and your 75% share of the revenue. We the People, have our Permanent Fund and our 25% share. Our Permanent Fund monies belong to “We the People” of Alaska. Let’s keep it that way. Pay the People their due dividends as legally enacted. Pay Up. Obey all laws as enacted. Let us all remain a law abiding people. Alaska will thus grow from a well off, to an extremely wealthy State of the Union.
But this DBC club based upon, you scratch my back and I'll scratch yours and the secret good-fellow handshake has to be ended. M.AK.G.A. Bring back ACES.
John J Kiernan 907-441-2964 Goldbeard84@gmail.com
3550 W Dimond Blvd, No. 211 Anchorage AK 99502-1555
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