#akfams — Public Fediverse posts

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

The most insidious #akleg position of the past decade -spread mainly by the Top20%- has been that PFDs are spending and PFDcuts are spending cuts. In fact, under current law, PFDs are income designated for #AKfams, and, by w/holding & diverting that income to govt, PFDcuts are taxes on that income.

At its core, Rep. Zack Fields' proposal to means-test the PFD is just another proposal to protect the Top20%, #NonRez & #OilCos from paying a proportionate share of the costs of increased spending by taxing middle and, by reducing the level, even lower-income #AKfams instead. #akleg https://buff.ly/hh5OTJg

Not prioritized? #WorkingAKfams. #akleg

By failing to propose a more equitable revenue approach, Dunleavy continues the policy of using PFD cuts to fund growing govt spending from the pockets of middle & lower-income #AKfams, while letting the Top20%, #NonRez & #OilCos go scot-free. https://www.adn.com/opinions/2024/12/13/opinion-here-are-my-priorities-for-alaska-in-the-proposed-state-budget/

𝙁𝙖𝙘𝙩: Cutting PFDs to fund govt takes 𝙢𝙤𝙧𝙚 $$ from mid & lower-income #AKfams than would taxes. The 𝙤𝙣𝙡𝙮 beneficiaries are the Top20%. https://bit.ly/3zoomJt

Those claiming to rep #WorkingAKfams but who knee-jerk "no taxes?" Puppets of Top20% plutocrats. #akleg