To the editor: We should not have a $3,000 PFD this year. While I realize that the PFD is critical for low-income residents, so are state services enjoyed in common. This push by the political right to make the PFD the No. 1 priority for funding is a cynical effort to bankrupt the entire Alaska Permanent Fund and destroy it for future generations while lavishing its benefits on current residents. Getting rid of the fund has been a decades-long goal of extreme libertarians who view it and our state Constitution as communist documents. They must not be allowed to hack away at the very foundation of the state, which seeks to protect both common societal goals and individual enterprise.
Originally, the PFD was limited to $50 for each year of residency, topping out at a maximum payment of $1,000 after 20 years. The recent argument that the first priority of the state should be handing out escalating amounts of money to the residents while impoverishing education, public safety and health, transportation, etc. is insane. No other nation, state or business could operate on such a basis.
Please vote for a lower PFD that will preserve the fund for the future as well as allow sufficient funds for vital state services.
And, for next year, say “yes” to a modest income tax. Grown-ups, realize we have to pay for goods and services. There ain’t no such thing as a free lunch.