Alaska, one of the most reliably Republican state in our union is also THE most Socialist.
Alaska has a Republican governor and two Republican senators. It's home to Sarah Palin. They reliably vote Republican in presidential elections.
YET....Alaska is THE most SOCIALIST state in our union, by far.
As of 2019, the fund was worth approximately $64 billion that has been funded by oil revenues and has paid out an average of approximately $1,600 annually per resident (adjusted to 2019 dollars).[5] The main use for the fund's revenue has been to payout the Permanent Fund Dividend (PFD), which many authors portray as the only example of a Basic Income in practice.
https://en.wikipedia.org/wiki/Alaska_Permanent_Fund
Socialism for me not for thee.
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under capitalism, proving it's extremely possible. That's just one of many possible methods.
What's CRITICAL for those who want a better share to know is that capitalism produces FAR MORE WEALTH to share around than the weak economic engine of socialism ever could. Further, that the costs of sustainable industry are the same for both capitalism and socialism, only the amounts of wealth produced very different.
Democrats in the 1930s used various methods to create broad prosperity and an ever-growing middle class by sharing the profits of capitalism, their "New Deal." Fifty and sixty years later voters were suckered into obligingly helping or just allowing their efforts to be dismantled, starting in 1980. So we have to do it all over again.
But another CRITICAL BUT REALLY GOOD piece of information for people who want a bigger share is that, thanks to greatly increased production technology, our nation also already has far, far, far more wealth to redistribute than in 1980. It's more than quadrupled and far more than we need to retool to sustainability and still be widely prosperous. That new wealth is where the new centimillionaire and billionaire classes we have to legislate out of existence came from. (Note Pelosi on that below.)
Please keep reminding DU - these are very important distinctions.
Alaska has oil wealth up the wazoo, but very little commerce and almost no manufacturing base. Their tax base is tiny compared to the lower 48 states. The income redistribution program works well in Alaska because of the relatively small population it needs to support, and the absence of ultra-wealthy one-per-centers who constantly scheme to steal it.
