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maybe we could learn a lesson from circular
when the royal dutch shell code reagan got stock on the rocky shores alaska new
year's eve
the people at st were paying theory close attention
and it wasn't just cuz they worried about the potential for another
environmental disaster their back yard it was because they pay attention
very closely to the states will industry in general
because they all make a lot of money from it
alaska is unique in that they have cycle the alaska permanent fund
believing that all residence the station profit off the resources that are
naturally below their feet alaska
takes the money the big oil corporations pay them and well leases in royalties
invests that money and then distributes the return on those investments to each
and every resident of the state
so every year
every single man woman and child in alaska gets a check for between two
thousand two thousand bucks on average
so if your husband wife with two kids eagerness
much as
eight thousand dollars
at the end of the year
asap i could change your working family trying to make it
during this republican great
recession
it's a group of republican great depression
thanks the supplemental income to each resident alaska state enjoys the third
highest median income in the nation
and is also the second-most equal state in the nation
it's a system that works
it's been embraced by both democrats and republicans
even
sarah
so what does the rest the country
hi we actually sort of already do apply to the rest of the country but
only billionaires in
they don't get the checks right now our entire economic model largely controlled
by the billionaire class depends on enriching the lives of shareholders and
business owners but not every working
class
americans
from wall street a big loyal to the for-profit health insurance industry
businesses asians are always made
in the context of what's going to increase the wealth of the shareholders
and taylor force for the richest americans and you'll see
uh... a list of billionaires eclick most of the money in the form of nine labor
dividend income
from things that they alone
like businesses stock land
infrastructure
purcell gets a steady stream of dividend checks her family's hotel business a
coke brothers get their regular checks in the mail courtesy the massive energy
conglomerate their dad built up knows coke industries miranti continues to
collect his checksum bain capital
good to be a shareholder corporate honoring capitalist american that salt
well and good
but are we all shareholders in our commons just like the alaskans are
and being such generally collect dividends every democrat mins turns a
profit for others
just like alaskans
in alaska though or ill but that the money that well corporations pay to lisa
extract on public lands
is distributed to all alaskans equally
so nationally
the money from oil and gas extraction
could be distributed to americans equally to
in two thousand seven the u_s_ government collected nine billion
dollars royalty payments and big oil unjust
the drilling done
in the gulf of mexico
just the drilling in the gulf of mexico
in reality we should collect a lot more but the u_s_ ranks ninety third in the
world and how much revenue we get from oil and gas extraction
compared to those
profits that the industry's njoy the system to do with ronald reagan
from nineteen fifty four eighty three the average lease for federal land was
two thousand two hundred and twenty four dollars an acre but after reagan
from eighty three two thousand eight the average lease which is two hundred and
sixty three dollars name
not two thousand
two hundred
now why that happened as a whole nother ramp which we will get into some of the
time but let me just suffice to say
it all began with reagan dot com
uh... or it all started a reaganite but still nine billion dollars royalties
from just the gulf of mexico is a considerable trying to change and if we
were going to be distribute or lemon equally all-americans like they do in
alaska and it's about thirty bucks a person
now when you consider that everybody has a sense uh... is not
too much money but when you throw in the leases in royalties paid everywhere else
around the nation coupon that which is the gulf of mexico
woodrow like crazy all over the place plus for polling gas on the ground like
there's no tomorrow yet coal mines
is called vitez drew drilling platforms frackie wells appalachian coal mines or
oil derricks the midwest indexes you at all that stuff up and if we did what
alaska does your target serious money
now at the commish money is put into our common military to defend the interests
of big oil abroad
to make sure that the shipping lane stay open in the oil spill it keeps flowing
people should contribute a fee for that service
which can also be added to this common and permanent fund to be shared by all
americans
and when i make a big will pay for the pollution of the comments
kappa trade system
which forces polluters to pay for how much carbon they jump into the
atmosphere great start
can raise even more money for our commons permanent fund to be shared by
all of us
by the way
nancy pelosi passed such a thing not that their money we shared a cap and fun
a cap and trade
system for
carbon fuels
arab begat pastoralize represented said more than fifty votes the senate
republicans filibustered it either
reason why we need filibuster for
but i digress
the point is
our commons belong to all of us our mineral wealth belongs to all of us
it should be in reaching all of us and not just the billionaires who
planted their flags in the ground
annisten savages doyle
wall street
relies heavily on our comments too
our markets are regulated by common government and forced to come in courts
and fueled by workers who were educated yaar commons are public school system
sata small financial transaction tax on every single trait just a fraction of a
penny
so that we as shareholders in this nation also get to see gains from a
booming market
or better yet
as odd return defender the commons pure barnes proposes
we shall get a cut every time a company goes
barnes argues quote
when a company like face book herb rule goes public its value rises dramatically
experts call this liquidity premium is generated not by the company but by
society
is socially created wealth now flows mostly to a small number of americans
listen we required public companies deposit one percent of their shares the
common fund for ten years
object over ten percent in due time to come in front of a diversified portfolio
worth trillions of dollars
sadness i wouldn't be taking privately that while we take
now consider the enormous profits the radio t_v_ entertainment companies
receive use their common aaron infrastructure
or publishers are common copyright laws are authors i'm one of them
i make money off the copyright laws
i think i should be sharing that with everybody the country cuz you know the
color copy ripple laws are part of the commons
in terms of my mind attack
they too should be paying the common fund
add together all these rents for use in our commons and we the people who raise
quite a bit of money for our common permanent fund
if you go a long way to supplement any annual incomes of millions of americans
who desperately need a bit more cash
somehow as capitalism is left the run amok in america
over the last few decades
we forgot
important or comments complain original all of our lives
presidency he owes and billionaires pain as the user collins where water dictator
military missions explorer markets hijack related to the airwaves
dollar flipped upside down and we end up paying bama
williams subsidies tax breaks for usage
we need a national permanent fund
but still it's certainly linda