Search Results for: wealth tax – Page 34
California
Real meaning of Brown’s ‘open letter’
Gov. Jerry Brown last Monday released “An Open Letter to the People of California,” in which he called for the state’s taxpayers to approve tax-raising initiatives to “fix” the state’s structural deficit. Here is the letter and my interpretation of what Brown really meant to say: Brown: When I became ...
California
Professors at legislative hearing push more government
The rich are getting richer and everyone else is losing wealth. This phenomenon supposedly would justify more aggressive government policies redistributing wealth. At an Assembly hearing Wednesday about whether the state of California should be actively pursuing additional wealth redistribution policies, Legislators and academics said that the highest degree of ...
Health Care
Medicare Is Increasingly A Benefit Enjoyed By The “One Percenters”
The Congressional Budget Office just released a major new investigation into household income trends over the last three decades. Researchers found that while the total amount of benefits paid out by government social safety-net programs rose between 1979 and 2007, the share going to the poor actually shrank. In other ...
California
‘Think Long’ report short on serious ideas
Would California be in better shape if former governors Arnold Schwarzenegger or Gray Davis, or former Assembly Speaker Willie Brown, were back in power? That’s an odd question given the fiscal mess that those politicians helped create, or at least were powerless to fix. These politicos had their chance at ...
Business & Economics
Pension funds should get real on rate of returns
When the taxpayer is backing up the entire liability for the pensions received by members of the California Public Employees Retirement System, then CalPERS officials are exuberant about the stock market. They insist that a predicted rate of return of 7.75 percent is perfectly realistic. When their own funds are ...
Business & Economics
California Dreaming: Money for Nothing in the Golden State
California, a left-coast state, shows its isolation from common sense in many ways, including the latest developments at the California Institute for Regenerative Medicine (CIRM), the state’s taxpayer-funded institute for stem cell research. Created by Proposition 71 in 2004, CIRM is spending $3 billion in bond money on the embryonic ...
Health Care
Health Insurance Exchanges: What If They Issued 347 Pages of Regulations and Nobody Cared?
The U.S. Department of Health and Human Services has issued regulations governing Health Benefits Exchanges and Small-Business Health Options Exchanges under the Patient Protection and Affordable Care Act (PPACA). These regulations are poorly defined, confirming that the exchanges will empower state functionaries to reduce choice and competition in health ...
Commentary
Washington’s Medicaid Reform Could Benefit Every State in the US
Its a short law with big potential: SB 5596, signed by Washington Gov. Christine Gregoire at the end of May, is only three pages long. Nevertheless, it puts Washington state on a path to Medicaid solvency and sets an example for California and the nation. Remarkably, the law, sponsored by ...
Business & Economics
It’s about free markets, not Texas
As California’s budget battle continues, Republicans and Democrats have engaged in a rhetorical battle regarding the relative merits and demerits of our lovely state and one of the nation’s other growing megastates —- Texas. This debate started after a legislative delegation made up mostly of Republicans went eastward in April ...
Commentary
The education victimizers in chief
When masses of unionized school teachers recently stormed into the state Capitol to protest in favor of higher taxes, they painted themselves as victims of Sacramento politics. Behind this scripted and bombastic street theater, the reality is that powerful and wealthy teachers unions are the victimizers in chief in the ...
Real meaning of Brown’s ‘open letter’
Gov. Jerry Brown last Monday released “An Open Letter to the People of California,” in which he called for the state’s taxpayers to approve tax-raising initiatives to “fix” the state’s structural deficit. Here is the letter and my interpretation of what Brown really meant to say: Brown: When I became ...
Professors at legislative hearing push more government
The rich are getting richer and everyone else is losing wealth. This phenomenon supposedly would justify more aggressive government policies redistributing wealth. At an Assembly hearing Wednesday about whether the state of California should be actively pursuing additional wealth redistribution policies, Legislators and academics said that the highest degree of ...
Medicare Is Increasingly A Benefit Enjoyed By The “One Percenters”
The Congressional Budget Office just released a major new investigation into household income trends over the last three decades. Researchers found that while the total amount of benefits paid out by government social safety-net programs rose between 1979 and 2007, the share going to the poor actually shrank. In other ...
‘Think Long’ report short on serious ideas
Would California be in better shape if former governors Arnold Schwarzenegger or Gray Davis, or former Assembly Speaker Willie Brown, were back in power? That’s an odd question given the fiscal mess that those politicians helped create, or at least were powerless to fix. These politicos had their chance at ...
Pension funds should get real on rate of returns
When the taxpayer is backing up the entire liability for the pensions received by members of the California Public Employees Retirement System, then CalPERS officials are exuberant about the stock market. They insist that a predicted rate of return of 7.75 percent is perfectly realistic. When their own funds are ...
California Dreaming: Money for Nothing in the Golden State
California, a left-coast state, shows its isolation from common sense in many ways, including the latest developments at the California Institute for Regenerative Medicine (CIRM), the state’s taxpayer-funded institute for stem cell research. Created by Proposition 71 in 2004, CIRM is spending $3 billion in bond money on the embryonic ...
Health Insurance Exchanges: What If They Issued 347 Pages of Regulations and Nobody Cared?
The U.S. Department of Health and Human Services has issued regulations governing Health Benefits Exchanges and Small-Business Health Options Exchanges under the Patient Protection and Affordable Care Act (PPACA). These regulations are poorly defined, confirming that the exchanges will empower state functionaries to reduce choice and competition in health ...
Washington’s Medicaid Reform Could Benefit Every State in the US
Its a short law with big potential: SB 5596, signed by Washington Gov. Christine Gregoire at the end of May, is only three pages long. Nevertheless, it puts Washington state on a path to Medicaid solvency and sets an example for California and the nation. Remarkably, the law, sponsored by ...
It’s about free markets, not Texas
As California’s budget battle continues, Republicans and Democrats have engaged in a rhetorical battle regarding the relative merits and demerits of our lovely state and one of the nation’s other growing megastates —- Texas. This debate started after a legislative delegation made up mostly of Republicans went eastward in April ...
The education victimizers in chief
When masses of unionized school teachers recently stormed into the state Capitol to protest in favor of higher taxes, they painted themselves as victims of Sacramento politics. Behind this scripted and bombastic street theater, the reality is that powerful and wealthy teachers unions are the victimizers in chief in the ...
