In response to a recent letter by Jeremiah Lewis on the dividend: The state has paid out more than $21 billion in PFDs since the beginning of the program in 1980. A conservative estimate of the federal income taxes paid would be in the area of approximately $5 billion.
I would happily forfeit our dividends for a state health care system or tuition-free higher education for residents if it were not for the squandering of our wealth by our elected visionaries. To wit: the failed megaprojects — $227 million for the Susitna-Watana Hydroelectric Project, the agriculture project (including the Valdez grain elevators), the petrochemical project, the Healy Clean Coal Project, the seafood plant that is now a church, the Knik Arm Bridge, the Point Mackenzie Rail Extension and ferry, the Juneau Access Road, and the Ambler Road (ongoing).
— Karl Schroeder
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