Therefore, too much money is being collected by the state.
Rather than issue checks, just eliminate one of the forms of getting revenue: the one in question is the property tax. The Constitutional measure goes up for a vote on June 12 to eliminate that tax.
The State still has 33 other major taxes to get revenue, among those an extraction tax on oil, sales taxes, and fuel taxes. Those other taxes will be sufficient to run the State. The State also gets oil royalties from production on State lands.
In short, no one is getting a free ride, just a reduced fare.
Back to your acreage tax. It isn't growth friendly. You can't grow without food.
Like I said I'm against taxes on all these things. I would have 0% corporate tax, 0% tax on everything but income and acreage. The jobs would come rushing back to this country if we made it business friendly again, and taxes only on income and acreage would be as business friendly as one can get and still fund the government.
In short, no one is getting a free ride, just a reduced fare.
Why should the fact there is oil in ND reduce your fare? Like I said your using other people's prosperity to get a freer ride.
Back to your acreage tax. It isn't growth friendly. You can't grow without food.
Farms would still be in private hands. Food prices factor in all the subsidies we pay now, so put in the acreage tax and eliminate all the subsidies and food prices may even go down when all angles are considered. This simplified tax plan would result in an onrush of jobs bringing prosperity to all. And like it is said, a rising tide raises all ships and I believe Americans would pay the extra for high quality US-produced goods even if prices went up a little.