Live data from Hacker News

California Considers Doubling Its Taxes

taxfoundation.org

31–40 of 363 posts

Re: California Considers Doubling Its Taxes

#31
post #7

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

Everyone wants to leave, that’s why houses sell for 2-3m$ clearly

Re: California Considers Doubling Its Taxes

#32

> 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…

This is much cheaper than the cost of my big tech health insurance. It's at about the bottom 25th percentile by total estimated cost of ACA plans for a 22 year old. The article discusses some issues with the details but I'd happily approve a tax increase of this magnitude in exchange for achieving this efficiency of healthcare provision.

Re: California Considers Doubling Its Taxes

#34

I do not believe single-payer is a good idea, but then lots of people DO seem to think it is, and the state is probably the best level at which to conduct an experiment this way. As a Californian, I'll be happy to see the experiment conducted, sad that it happens in my state, and excited to be a guinea pig. My only hope if we do this is that the federal govt or other states do not leap quickly into this and give it a…

Why do you believe single-payer is a bad idea? The model works very well in most European countries.

Re: California Considers Doubling Its Taxes

#35

> 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…

Also, I guess in theory an employer could pass through the savings of paying for your insurance to your salary. Of course, I'm pretty cynical about that.

They won't. They will take the savings from you.

Re: California Considers Doubling Its Taxes

#36
I'm curious to see how a single payer system will work when the entire industry is profit-based. In most countries that with a single-payer healthcare system, all the medical institutions are either publicly funded or owned, or have some sort of cap on profits and monetary incentives. California as a single state with a single-payer funding having to then give all that money to profit-driver medical institutions seems like a very tricky situation.

Re: California Considers Doubling Its Taxes

#37
post #7

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

https://www.nytimes.com/2021/05/07/us/california-population-...

CA lost population in 2020.

Re: California Considers Doubling Its Taxes

#39

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?

No post body was provided.

Re: California Considers Doubling Its Taxes

#40

> 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…

Also, I guess in theory an employer could pass through the savings of paying for your insurance to your salary. Of course, I'm pretty cynical about that.

Can't you see how much of your salary goes to your insurance on your pay slip? In France, I can see how much "I" pay every month for my employer insurance plan (which covers most of the time 10% of the healthcare expenses, the other 90% being covered by the public healthcare system)
Post reply on HN