As California moves towards the elimination of the Gas Combustion Engine on its roadways, and given we have eliminated the Corporate Taxes and the Personal Income Taxes, and are probably seeing a wave of people coming home to California, we might as well benefit at the State Level from those not yet entering into the world of electric vehicles.
Californians currently consume a whopping 58 MILLION GALLONS OF GASOLINE AND DIESEL EACH DAY, or approximately 21 Billion Gallons per year. The current Gas Tax in California is 50.5 cents per gallon, and I would suggest simply increasing this amount to a flat $1.00 USD per gallon, which results in about an additional $10 Billion USD in State Revenues.
NOTE: This blog is only for conservational ideas and I have ‘zero point zero’ percent interest in running for any political offices.
The Score so far on State Budget:
Plan One: Eliminate California State Income Tax
· Resulted in $90 Billion Deficit
Plan Two: Decriminalize Prostitution in California
· Resulted in $1 Billion in State Revenues
· Still have a $89 Billion Deficit, but we have no State Income Taxes and we have Decriminalized Prostitution in California.
Plan Three: California Mortgage Tax
· Resulted in $7 Billion in State Revenues
· Still have a $82 Budget Deficit.
Plan Four: California Real Estate Transfer Tax
· Resulted in $30 Billion in State Revenues
· Still have a $52 Billion Budget Deficit.
Plan Five: Ending the California Homelessness Epidemic
· Resulted in increased state spending, followed by State Budget Savings over many years. Total costs, I could not even come up with a guess, but would try to work within the current budget by utilizing current state land owned, governmental facilities, and current government programs. I am calling it “Even Steven”
· Still have a $52 Billion Budget Deficit – but we have a No Income Tax State, Prostitution is Legal, the Wealthy are Paying their Fair Share, and the streets are less cluttered with homeless.
Plan Six: Ending the State Corporate Income Tax:
· Resulted in a loss of approximately Eleven Billion USD in Annualized Tax Revenues.
· $63 Billion USD Deficit
Plan Seven: Increasing the Gasoline Tax.
· Resulting in an additional $10 Billion USD in Tax Revenues.
· $53 Billion USD Tax Deficit. But…… no State Income Taxes, no State Corporate Taxes, Homelessness is under control and we have legal Prostitution.
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About Mr. Steve Muehler, Founder & Senior Managing Member:
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