Let Americans Too Share In Oil Wealth
Consolidate Student Loans "Share the Wealth in Iraq" (editorial, May 2) notes that all Alaskans receive direct annual payouts last year $1,540 per capita as their share of the state's oil wealth. Great idea for them and for the Iraqis: sharing the profits from the irreplaceable natural resources of their land as the oil is removed and sold. I understand that Norway has a similar program, with set-asides for all citizens from their North Sea oil and gas.
Globalisation is the 'conscious attempt, led by the American ruling class, to restructure the world economy'. Firstly the American ruling class tries to increase the share of wealth going to corporations at the expense of the share going to working people and, secondly, it tries to increase the share of wealth going to American corporations as opposed to any other corporations.
Home Equity Loans Now how about the rest of us a program for all Americans to share oil, gas and coal revenues, as well as proceeds for all other mining on U.S. lands, rather than seeing the proceeds of our irreplaceable natural assets go to a wealthy few "owners" and all those transnational companies that feed off our national treasure while giving the people a tiny "trickle down" share?
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Home Equity Loan Rates Let's do it now: 25% sounds like a reasonable direct-payment share for Iraqis and Alaskans and all other Americans as well. I'm sure President Bush and Congress will jump right to it now that the idea is out. While we're at it, didn't I read that Bush plans a national health-care system for all Iraqis?
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Homeowner Loans Robert W. Lovell
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Equity Loan Rates Los Angeles Times - 5/6/2003
Topic: Petroleum Industry
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