But what if our natural resources are in private hands? Are we rich in natural resources if the Jed Clampetts own the land under which our natural resources reside?
Or are we rich in privileged people, whose trickling down the rest of us must be content with?
A significant share of Alaska's oil revenue flows to the state and to the Alaska Permanent Fund because the oil sits under state-owned land. But in the lower 48, our oil is on privately owned property, or under corporate property, and the revenues flow not to the American people, or to the people of one of our states, but to private portfolios.
Is this consistent with the notion that we hold it to be self-evident that all men are created equal? Discuss.
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