21–30 of 363 posts
This is insane. People are already leaving the states in droves. If this passes they are literally shooting themselves in the foot.
I can't imagine something like this working out well here. In the current environment, I'd imagine a big chunk of the tech force that can work remotely will simply leave the state. This would devastate the states income tax collection.
The healthcare system in the United States is debatably one of the worst in the world. Cheers to California for trying to find a way to guarantee that all Californian's have access to the worlds worst healthcare system.
I assume it would also be restricted to Cali without procuring a reciprocity agreement with a national insurer.
If Dems managed to repeal the SALT deduction cap OR Cali just codes it to get around it (payroll tax direct to company only, and independent contractor business tax), this would be a much better idea.
> to fund a first-in-the-nation single-payer health-care system. This is key here. So instead of paying this out to a private insurance company I pay it in taxes, there by my actual change is net zero, in most cases. I have a feeling most reactions might be headline driven here. I think it’s worth doing the math on how much it costs you in healthcare coverage before really judging a book by its cover here. If my comp…
Do you actually pay that much a year in insurance premiums? I don't live in CA, but I sure don't and my health coverage is pretty good. Keep in mind, this is also just the insurance premium, there's no talk of what co-pays or deductibles would be. In addition, your employer now has to pay more based on their gross receipts and if you make more than 150k a year you are paying even more.
> to fund a first-in-the-nation single-payer health-care system. This is key here. So instead of paying this out to a private insurance company I pay it in taxes, there by my actual change is net zero, in most cases. I have a feeling most reactions might be headline driven here. I think it’s worth doing the math on how much it costs you in healthcare coverage before really judging a book by its cover here. If my comp…
How is the high speed train project coming along?
This part seems insane. Any business with slim profit margins and out of state competitors is screwed.
Also, does this mean multi-state/multi-national companies have to pay 2.3% of their nation/world-wide revenues to California? That's obviously absurd...
> to fund a first-in-the-nation single-payer health-care system. This is key here. So instead of paying this out to a private insurance company I pay it in taxes, there by my actual change is net zero, in most cases. I have a feeling most reactions might be headline driven here. I think it’s worth doing the math on how much it costs you in healthcare coverage before really judging a book by its cover here. If my comp…
It’s very hard to do the math here. It’s largely invisible to me how much my employer is paying in health insurance premiums and it’s unknown that they will add that sum to my salary.
If this happens, I will most certainly leave the state. I mean this is ridiculous. These people have consistently shown that their ability to spend our tax dollars is literal dog shit. People and companies are leaving the state in droves. And their response is to literally double taxes?
Looking at housing availability hard to believe there is an actual net outflow from CA
Mathematically, the extent to which it happens and the duration don’t make much sense to me.