> That left a roughly $20 billion annual shortfall in California’s health-care budget. … In response, one of the state’s largest health-care-employee unions teamed up with a group of progressive economists and lawyers to come up with a way to make up the difference: impose a one-off 5 percent wealth tax on California’s billionaires.
It’s wild how dominant this proposal is. Not reducing costs. Not cutting benefits. Not a broader tax increase. Not a combination of ideas. Just “f*k these guys in particular.” If this is what passes for governance in California I’d leave too.
We asked you only a few days ago to observe the guidelines. HN is for curious conversation, not political battle. We have to ban accounts that keep posting like this. https://news.ycombinator.com/newsguidelines.html
It’s wild how dominant this proposal is. Not reducing costs. Not cutting benefits. Not a broader tax increase. Not a combination of ideas. Just “f*k these guys in particular.” If this is what passes for governance in California I’d leave too.