But why fight about theories? My solution takes care of everyone! End the dividend with a final $3000! Start a low income tax of approx 1%. A head tax of $100/year. We inflation proof the PF, balance the budget, and compromise.
"It all comes down to the fact that State Income is Income. The earnings from the Permanent Fund and all other income are treated the same. Thus there is no "dedicated fund" from oil earnings and PF earnings. So there is no public purpose for the tax other than to pay dividends. This is disqualified as a "public purpose" since the IRS has declared the Dividend is "Income". There is no public purpose."