Spend and spend and elect and elect.
The “Free Health Care” California Democrats want to give away to all residents including those who have no legal right to be in the U.S. would require over $400 Billion, which is double the state’s annual budget for everything, including crappy roads and terrible schools.
That’s a low-ball estimate, when have Government welfare programs ever cost the same or less than original estimates? If people perceive something as being free, they inevitably demand more of it.
About half the bill would come from state and Federal (meaning, people in other states) funding, but California would have to raise the rest through tax increases, such as hiking the sales tax from 7.5% to 9.8 and taxing businesses 2.3% of all of their income; not profit, income. And/or a 15% payroll tax is also an option.
But having the state in charge will make it cost less right? I mean, look at higher education. That’s become cheap and affordable since the Federal Government started underwriting it. And as for socialized health care, look no further than the Veterans Administration for a sterling example of Government efficiency and high quality services.
Government-run health care is the holy grail of Democratic Socialist policy because it makes everybody dependent on the Government forever.
Illinois is determined to beat California to complete fiscal insolvency — (they just had their debt lowered to one step above junk bond status) — is proposing to tax financial management services at 20%. They’re calling it a “Privilege Tax.” They figure this will raise $473 million a year and there’s absolutely no way financial managers would relocate out of Chicago to other states to avoid the tax because Chicago has great pizza.