Skip to main Content
Letters to the Editor

Letter: Wasteful spending

  • Author: Karl Schroeder
    | Opinion
  • Updated: January 11
  • Published January 11

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


Have something on your mind? Send to or click here to submit via any web browser. Letters under 200 words have the best chance of being published. Writers should disclose any personal or professional connections with the subjects of their letters. Letters are edited for accuracy, clarity and length.

Local news matters.

Support independent, local journalism in Alaska.