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Shortsighted greed

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Posted: Wednesday, October 24, 2012 12:00 am | Updated: 11:39 am, Mon Jan 21, 2013.

Oct. 20, 2012

To the editor:

If the oil companies want the privilege to develop Alaskans’ oil, they should pay their fair share of taxes.

Oil will just get more valuable in the future. I remember not long ago, when we sold our oil for $25 per barrel. Looking back, it seems foolish we didn’t slow down a little. If this proposed unnecessary tax-giveaway becomes law, not only will most of us lose out, but future generations will also look back at us with disappointment.

If we give a tax break to these thriving companies now, we will probably never be able to rescind the law in the future. The candidates the oil companies have contributed to will no doubt be happier and wealthier, but Alaskans, who will be paying for these giveaways, will be sadder and poorer and will resent our shortsighted greed.

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