Leaders Misunderstand Economics 101
Commentary. We find it revealing that the current mindset of Alaska elected leaders seems to be: 1) Raise taxes on those who supply major source of money and jobs for Alaska, then 2) witness a dimishment of money and jobs, then 3) ponder about how to give incentives for improving the investment climate but only if an employer will guarantee that incentives will be spent in a certain way. (Note: this is the characteristic of a government that wants to control the 'means of production', not a government that wants [...]