Re:Jack Dorsey is giving Andrew Yang $5M to build the case f...
by luckylion on Friday May 22, 2020 @03:00AM
(#23269373)
Yeah, and to increase it 5 or 10 times would certainly require new taxes. I don't know whether oil and mining will still be profitable with a ten-fold increase in royalties, taxes and fees, but I have a feeling that it won't.
The APF is funded by severance taxes on oil & mining. I suspect that most people are entirely fine with that tax model.
The problem is that it only supports a small benefit.