Substitute ‘vice tax’ for school property levy
I read The Morning Call article about the results from the work group meeting on property taxes (“Retirement tax still on table to lessen property tax load, Pennsylvania lawmaker says”). The only way to get this off the ground is a new revenue stream.
It’s time to create a new revenue stream dedicated to producing the $15 billion needed. A vice tax produces new and shifts revenues that come from recreation dollars. This is money
citizens choose to spend.
The money spent on alcohol, cigarettes, gambling and cannabis use is the starting point.
Branding is everything, so maybe a vice tax label is too harsh. It could be labeled a recreation tax. The bill could be called, “The Elimination of the School Property Tax by Recreational Taxation.”
The percentages need to be worked out. It may be that some tax shift is required to fine-tune the final amount these taxes produce.
Cannabis use will produce the greatest amounts, but requires recreational legalization and an infrastructure to avoid problems experienced in California and Colorado.