New Mexico Funding

I make two observations below:
  1. Generally speaking, residents of New Mexico want more government services, and want improvements in existing government services. However, they tend to not want to pay for those services (new or existing).

  2. Generally speaking, residents of New Mexico want (on average) a wealthier citizenry and a more robust economy. However, they tend to not want the environment degraded and/or adversely impacted.
If these two observations are true, then New Mexico residents need to abandon their mutually exclusive requirements and pick one: they must either pay more taxes, or stop wanting some government services--- it's one or the other: it is not possible to do both. The same is true of the economy: New Mexico residents must choose in favor of either more revenue among residents and the state, or protecting what is left of the environment. Again, it's one or the other: it is not possible to do both.

My propositions:

  1. Legalize cannabis and tax the shit out of it. Evidence suggests [1] New Mexico residents travel to Colorado to buy cannabis, and I would much rather see them surrender taxes on cannabis to New Mexico and not to Colorado. New Mexico will also benefit from "cannabis tourism," attracting visitors from other states. These tourists I presume will stay in local hotels and vacation rentals and spend their money in the state--- which will also add state revenue via taxation.

  2. Give "good neighbor" incentives for renewable energy businesses to build and operate in New Mexico: this includes factories for photovoltaic cells and panels, wind turbines, and geothermal. This includes requiring new "client businesses" to pay an approximately 44% tax rate on the profit these businesses make, with a 1:1 ratio tax relief for every dollar the businesses spend on improving New Mexico's infrastructure up to a tax relief rate of 19%. That means these new businesses can reduce their tax burden to 25% if and when they spend some of their profits on improving New Mexico's infrastructure.

  3. Implement a "good neighbor" 1:1 ratio tax relief incentive for every dollar these renewable energy "client businesses" spend on their employee's wages above the state's minimum wage. Generally speaking it is better for employees to pay taxes, not businesses. In other words, businesses should be invited to operate in New Mexico and pay their employees a living wage: in return the businesses have a reduced tax burden. The tax reduction rate must not be greater than resulting in less than 25% of each business' profits.

  4. Implement a "good neighbor" 1:1 ratio tax relief incentive for every dollar these renewable energy "client businesses" spend on their employee's child care services, either at the business' facilities or elsewhere, up to 4% of their profits. In other words, these businesses can reduce their tax burden to 21% if they also provide child care for their staff and employees in addition to agreeing to #2 and/or #3 above.

  5. Make New Mexico the "solar power capital" of the United States. Ask businesses to produce solar energy technologies at or near Gallup, Albuquerque, Grants, and elsewhere in the state where toxic disposal waste facilities already exist.

  6. Produce hemp in the southern part of the state, where fresh water is available and/or can be made available. Offer hemp businesses the same "good neighbor" incentives that renewable energy businesses are offered. This includes growing hemp as well as rendering hemp in to cordage, packaging, bags, cooking oil, stock food, and everything else hemp is good for.

  7. Require every fossil fuel "energy extraction" businesses to pay New Mexico 75% of the profit generated from selling coal, oil, natural gas, and uranium extracted from New Mexico's public lands.

[1] http://www.kob.com/albuquerque-news/medical-cannabis-provider-says-demand-outpacing-supply/4473140/