Jon Slavet
👤 SpeakerAppearances Over Time
Podcast Appearances
The train to nowhere right now is about 120 billion over the next 15 years, because we've spent 16.
It's gonna cost over 130.
It's a huge amount of money.
It's 10 to 15 billion a year.
The next area is climate taxes, Chuck.
So it's called cap and invest now in California.
Cap and trade is what it used to be called.
Most citizens don't understand what it means.
It's been about $33 billion in taxes on California residents over the last number of years.
And so the way it works is if you produce energy in California, you get taxed.
So if you emit carbon emissions,
emissions get taxed in California uniquely.
If you produce electricity, you refine petroleum for gas, you name it, those taxes
end up getting passed along to the consumer.
So the energy producers have to mark up their prices to the California customer.
They don't eat it.
They mark it up.
Just like tariffs.
Right.
It's the same thing.