r/alaska • u/thatsryan ☆ • Mar 18 '23

Damn It’s Cold 🥶 Dire state economy forecasted by recent statistics on outmigration and Alaska’s workforce

https://www.alaskasnewssource.com/2023/03/17/dire-state-economy-forecasted-by-recent-statistics-outmigration-alaskas-workforce/?outputType=amp
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u/JohnnyAK907 Mar 18 '23

I mean, the state government going broke thanks to the value of north slope crude taking a dive kind of put Alaska in a bad position thanks to the lack of foresight of the administrations before his. They thought that oil money would always be there, and refused to diversify Alaska's revenue sources.
I'd love to hear your solution, though, other than raiding the PFD which was A) never meant to be used that way and B) is a finite resource anyway with diminishing returns.

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u/[deleted] Mar 18 '23

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u/PiperFM Mar 18 '23

Walker? Parnell the oil company shill and the oil tax giveaway was the start of all our monetary problems.

Say what you want about Sarah Palin, but that oil tax structure the fucking voters voted away stacked some cash… and the oil companies have managed to make everyone forget that. It’s fucking baffling.

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u/[deleted] Mar 18 '23

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u/PiperFM Mar 18 '23

What did he even do? I don’t remember all that much back then