What do you think happens to all that money the government "steals"  from you?  Doesn't it get pumped back into the Alaska economy through revenue sharing, education spending, infrastructure building, paychecks of government employees who then spend in the local economy, etc?  Of course some is consumed, but It's not as if when it passes through the hands of the government it all disappears from the local economy never to return.  Government spending is a time-honored way of preventing recessions from turning into depressions.  Private profits on the other hand may or may not return to the Alaskan economy - oil companies, e.g. have stock holders all over the world.