This article sums it all up pretty well. Sarah's been touring the lower 48 railing against the evil socialist agenda for a while now, meanwhile she's the direct beneficiary of the biggest socialist state in our union! Thats right, Alaska has implemented a working model of socialism. The people of Alaska own the resources of Alaska - they were not ceded to private interests as they were in say, Texas. No, Alaska's constitution (Article VIII. Section 2. General Authority) specifies that
"...all the natural resources of Alaska belong to the state to be used, developed and conserved for the maximum benefit of the people."
- a decidedly socialist agenda. Realizing that the oil fields of Alaska were becoming a lucrative asset, the people of Alaska decided in 1976 to establish the Alaskan Permanent Fund which place 25% of "all mineral lease rentals, royalties, royalty sale proceeds, federal mineral revenue-sharing payments, and bonuses received by the State" into a permanent fund, the principal of which is used to fund income-producing investments. The amount of money this translates into varies based on the return on investments but on average it means a yearly government check for every Alaskan of about $2,000 a year - not enough to retire on, but certainly better than paying $2,000 a year in state taxes. 2009 wasn't a good year - each person took in only $1,300. The Alaskan model, based on the
"democratic constitutional equal right to natural resources"
may be an enlightened philosophy which ensures that all citizens benefit from the natural resources of their state but it is an actual, real, working bit of socialism in practice. Perhaps being governor of a truly socialist state (especially a successful one) would have been just too hypocritical even for Mrs. Palin.