September 13, 2008

QOTD:

Alaska is sometimes described as America’s socialist state, because of its collective ownership of resources—an arrangement that allows permanent residents to collect a dividend on the state’s oil royalties. It has been Palin’s good fortune to govern the state at a time of record oil prices, which means record dividend checks: two thousand dollars for every Alaskan. And because high oil prices also mean staggering heating bills in such a cold place—and because it’s always good politics to give money to voters—Palin got the legislature this year to send an extra twelve hundred dollars to every Alaskan man, woman, and child.