PFD cuts are about one thing only: protecting the Top20%, #NonRez & #OilCos from the costs of #akleg spending.

Rather than spreading the impact broadly, PFD cuts instead focus the burden almost entirely on middle- & lower-income #AKfams. https://alaskalandmine.com/landmines/brad-keithleys-chart-of-the-week-they-dont-really-object-to-free-money-they-just-want-more-of-it-to-flow-to-their-pockets-instead/

When PFD's are cut, the "free money" doesn't disappear. The benefit just transfers to the bank accounts of #NonRez, #OilCos & upper-income #AKfams.

Who pays for that? Middle- & lower-income #AKfams. #akleg

https://buff.ly/Y8K07jZ

The expectation by the Top20% & #OilCos of free govt services (maintained by PFD cuts) is a cancer that has infected Alaska's political system and, as a result, is slowly killing the state. The entitlement mentality it has created is sickening. #akleg https://buff.ly/s4aoAyt
ALL of the #akleg POMV draw is "free money." The PFD largely benefits middle & lower-income #AKfams; the portion used to fund govt (substitute for taxes) largely benefits #NonRez, #OilCos & #UpperIncome. PFDcuts simply shift more "free money" to the latter. https://alaskalandmine.com/landmines/brad-keithleys-chart-of-the-week-alaskas-super-socialists/
Economically, the "free money" from PF earnings is used either to fund PFDs or to shield #NonRez, #OilCos & the Top20% from taxes to cover add'l govt spending. Those pushing PFD cuts just want to use more as a tax shield for the protected class. #akleg https://buff.ly/A7Az3TZ
Some claim the PFD was a temporary program until the govt "needed" the money. False. It is a way of permanently splitting the commonly owned "free money" 50/50 b/w 1) middle & lower-income #AKfams on one side, and 2) upper-income, #NonRez & #OilCos on the other. #AKleg PFDcuts just give more and more of the wealth to the second. https://alaskalandmine.com/landmines/brad-keithleys-chart-of-the-week-they-dont-really-object-to-free-money-they-just-want-more-of-it-to-flow-to-their-pockets-instead/
Permanent Fund earnings are the return on Alaska's commonly owned wealth. Current law divides them 50/50 between 1) middle & lower income #AKfams, and 2) the Top20%, #NonRez & #OilCos. Ignoring that, the #akleg is tilting them more and more to the latter. https://alaskalandmine.com/landmines/brad-keithleys-chart-of-the-week-they-dont-really-object-to-free-money-they-just-want-more-of-it-to-flow-to-their-pockets-instead/
Some self-proclaimed "fiscal conservatives" are, instead, fiscal plutocrats, more interested in using the "free money" from the Permanent Fund to shield the Top20%, #NonRez & #OilCos from govt costs than fairness for middle & lower-income #WorkingAKfams. #akleg #cronycapitalists
The core of any Alaska fiscal proposal is how it deals with the "free money" from PF earnings. PFD shares below 50/50 disproportionately benefit the Top20%, #NonRez & #OilCos over MIDDLE & lower-income (80% of) #AKfams. #akleg #plutocratic https://buff.ly/ZGoc6eJ
There's no "ambiguity" around the PFD statute. It's clear and so is the fact that the #akleg has repeatedly violated it to shield the Top20%, #NonRez & the #OilCos to help pay for the costs of govt. https://buff.ly/PBCOBEO