Maybe California actually is working on creative ways to reduce it’s $1.3 Trillion budget deficit? So who’s financial visionary responsible for a new digital idea? …Nancy Pilosi?…Gavin Newsome?…Maxine Waters? No, it’s the DMV! The Golden State’s favorite place to hang out early in the morning…has come up with a new way to transform a $21 stamped metal vehicle license plate and turn it into a brand new electronic $700 luxury tax with a small recurring revenue component that offers itself the future potential for display advertising revenue (when the vehicle is parked).
What are it’s main advantages?
- Electronic Registration & Renewals
- Electronic Transfer of Ownership
Motorists who choose to buy the plate can register their vehicles electronically and eliminate the need to physically stick tags on their plates each year. They also may be able to display personal messages — if the DMV decides to allow that.
What’s the price tag on this cutting edge technology…that already has stoke up concerns about privacy and safety? A cool $700 (plus a monthly fee of about $7)…though not available through the DMV.