The Alaska Constitution, as it relates to natural resources isn't very conservative, however, that's the framework all the governors had to work within.
Prior to Palin, the governors decided to screw the people, keeping the spoils for themselves.
Palin changed that, spreading the spoils around to everyone.
To someone like you, that may not be fair, but the citizens of Alaska thought otherwise, and they are the ones who count.
When you wish to be wrong why not go whole hog, the state has been handing out well fare checks to its people for years, they mismanaged the funds and used them all up. That is why they came up with an increased redistribution deal.