Live data from Hacker News

California Considers Doubling Its Taxes

taxfoundation.org

71–80 of 363 posts

Re: California Considers Doubling Its Taxes

#72

> 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…

Families with kids w/ under 200k combined income pay > 10% of their income in health insurance. Premiums for a decent plan with 2 adults + 1 kid is $20k a year.

Re: California Considers Doubling Its Taxes

#73

> A proposed constitutional amendment (ACA 11) in California would increase taxes... However literally true that might be, the chance of the amendment being passed by voters seem neigh-zero. And the article seems to carefully avoid that subject. So file this one in the "if we had a metal which could easily contain the temperatures and pressures needed for economical hydrogen fusion..." bin.

These same voters that kept Newsom from being recalled?! Good luck, Californians. I'm sure they'll spend this money wisely!!!!

Who knows what's next. Perhaps this will help the bullet train reach Fresno, Merced, or maybe Modesto. By 2050. Maybe.

Re: California Considers Doubling Its Taxes

#76

Earlier quoted context omitted.

They really aren't. 100 people moving to a town in Idaho makes a big impact on that town in Idaho but is not felt at all by California.

38% decrease in people moving to California 12% increase in residents moving out of state last year. In San Francisco Bay Area, it's even more stark. There was a 45% decrease in entrances from other states to the Bay Area and a 21% increase in residents leaving for other states.

https://www.capolicylab.org/pandemic-patterns-california-is-...

Re: California Considers Doubling Its Taxes

#77

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…

Seems like every other first-world country in the world should be sufficient experimentation.

Re: California Considers Doubling Its Taxes

#78

> 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.

I live in CA and according to my W2 box 12 DD, my cost is much more than this. Sure, maybe under this tax proposal my personal expense would go up but judging by my W2 and a quick scan of ACA estimated costs for a 22yo, the aggregate cost of this is much lower than what we're collectively paying today.

Re: California Considers Doubling Its Taxes

#80
post #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.

It works in the sense that I go to a private clinic when I have an issue. Likewise with the great public school system, where families pay 30k per year so they can avoid a public school
Post reply on HN