Well at least they have dropped the income tax! Yay! However keep in mind the head tax that Senator Bishop proposed is in actuality a form of income tax. I prefer the pre-oil "school tax" in structure. Nonetheless, any head tax is untenable without first eliminating the Dividend (as currently structured). Despite these gentleman's claims, this plan is neither bold or significant. My plan is bold, significant AND constitutional.
1. $3000 dividend this year the last year of the dividend as we know it. One time fund from reserves. This will allow people time to adjust to a new reality without dividends. Possibly start a new dividend benefit that qualifies as tax-exempt such as individual trust funds for each resident for education, health care etc.
2. Very low (1%) income tax starting in 2018.
3. The old "school tax" (head tax) capped at $100/year. Also start in 2018.
4. End the cash-credit oil investment incentive. Pay off the credits earned quickly.
Future budgets in the black!