And what that means is, you build the Permanent Fund as big as you can build it. You take just 5 percent of it every year, that's exactly what the Gates Foundation does, the Ford Foundation does. We take that 5 percent, say if it's a $70 billion Permanent Fund, that's $3.5 billion. You inflation proof and then split the difference between the dividend--and it will be a growing dividend, not a capped dividend--and avoiding taxes.
The Donlin mine will require large treatment facilities for mercury and cyanide coming from the mine's operations. The Y-K Delta would have to be monitored forever, once it ceases operations.
Gov. Walker says he doesn't see the state relaxing monitoring enforcement, even with the budget crunch the last couple of years. Walker's competitors tout other benefits of the Donlin mine. Former Lieutenant Governor Mead Treadwell is running as a Republican. Treadwell praises Donlin's promise to bring more jobs to the Y-K Delta.
"There are mines around the state that employ a lot of people and it's one of the most important things we can do for regional development," Treadwell said.
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The above quotations are from 2018 Alaska Gubernatorial race: debates and news coverage.
Click here for other excerpts from 2018 Alaska Gubernatorial race: debates and news coverage. Click here for other excerpts by Mead Treadwell. Click here for other excerpts by other Governors.
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