SERVING THE QUANTITATIVE FINANCE COMMUNITY

ppauper
Posts: 63983
Joined: November 15th, 2001, 1:29 pm

### Re: California: Here comes Ahnoooold!

ppauper
Posts: 63983
Joined: November 15th, 2001, 1:29 pm

### Re: California: Here comes Ahnoooold!

ppauper
Posts: 63983
Joined: November 15th, 2001, 1:29 pm

### Re: California: Here comes Ahnoooold!

ppauper wrote:

calexit leader a russian stooge
Louis Marinelli has received support in Russia from a far-right nationalist group that wants to break up the United States. Former intelligence officials say that association raises serious questions about his intent.
(snip)
He's the leader of the Yes California campaign, also dubbed Calexit. Marinelli is an American who lives in Russia, but his movement is getting a lot of attention stateside.
(snip)
We reached out to the FBI to see if Marinelli was under investigation, but the wouldn't comment.

ppauper
Posts: 63983
Joined: November 15th, 2001, 1:29 pm

### Re: California: Here comes Ahnoooold!

Cuchulainn
Posts: 52282
Joined: July 16th, 2004, 7:38 am
Location: Amsterdam
Contact:

### Re: California: Here comes Ahnoooold!

California, The Sanctuary State.
http://www.datasimfinancial.com

"Science is what you know, Philosophy is what you don't know" Bertrand Russell.

ppauper
Posts: 63983
Joined: November 15th, 2001, 1:29 pm

### Re: California: Here comes Ahnoooold!

ppauper
Posts: 63983
Joined: November 15th, 2001, 1:29 pm

### Re: California: Here comes Ahnoooold!

ppauper wrote:

berkeley offers a different date when no students are around

The university had previously announced Wednesday that it was canceling Coulter’s appearance following several political protests in Berkeley that turned violent. But on Thursday, the university said it had found a venue where it could hold the speech on a different day, May 2, instead of the original April 27 date.
Coulter and the group arranging her event said they are rejecting the new invitation.
In a series of tweets Thursday night, Coulter criticized the university, saying Berkeley officials were adding “burdensome” conditions to her speech. She said she had already spent money to hold the event on the original April 27 date and is not available May 2. She also pointed out that May 2 would coincide with a reading period before final exams, when there are no classes on campus and a fewer students around.

ppauper
Posts: 63983
Joined: November 15th, 2001, 1:29 pm

### Re: California: Here comes Ahnoooold!

ppauper
Posts: 63983
Joined: November 15th, 2001, 1:29 pm

### Re: California: Here comes Ahnoooold!

Universal care dead in California...

Lara and Atkins had described the bill as a work in progress when it passed the Senate earlier this month without a funding plan. A legislative analysis pegged the cost at $400 billion. by comparison, the entire california state budget is I believe about$100B, so universal healthcare would require state taxes to be 5 times the current level

is that math right?

Alan
Posts: 9109
Joined: December 19th, 2001, 4:01 am
Location: California
Contact:

No, that sounds too high. A little googling turns up this, with 2009 figures. It pegs health care spending in the state at around 12% of GDP. Current Calif. GDP, according to google is around $2.6 trillion, so that puts current health care spending at say$312 billion. Then, you have to subtract federal reimbursement for medicare and medi-cal, which the link pegs at 39% of the spending. That leaves 60%, say $180 billion, which would have to be made up by people's contributions, business contributions, and new taxes. But I will guess however you do the math, it would require significant state tax hikes. It sounds like a juvenile effort so far. I will guess they will revisit it once the feds settle on the medicaid (= medi-cal) reimbursement, the fall-out of the revision to ObamaCare become clearer, and there is a new federal tax policy in place. Alan Posts: 9109 Joined: December 19th, 2001, 4:01 am Location: California Contact: ### Re: California: Here comes Ahnoooold! Alan wrote: No, that sounds too high. A little googling turns up this, with 2009 figures. It pegs health care spending in the state at around 12% of GDP. Current Calif. GDP, according to google is around$2.6 trillion, so that puts current health care spending at say $312 billion. Then, you have to subtract federal reimbursement for medicare and medi-cal, which the link pegs at 39% of the spending. That leaves 60%, say$180 billion, which would have to be made up by people's direct contributions, business direct contributions, and new and old state taxes.

But I will guess however you do the math, it would require significant state tax hikes. It sounds like a juvenile effort so far. I will guess they will revisit it once the feds settle on the medicaid (= medi-cal) reimbursement, the fall-out of the revision to ObamaCare become clearer, and there is a new federal tax policy in place.

ppauper
Posts: 63983
Joined: November 15th, 2001, 1:29 pm

### Re: California: Here comes Ahnoooold!

if your figure of $180B is correct rather than the$400B quoted in the article, even that is roughly double the current state budget, so taxes would have to triple

Traden4Alpha
Posts: 22609
Joined: September 20th, 2002, 8:30 pm

### Re: California: Here comes Ahnoooold!

ppauper wrote:
if your figure of $180B is correct rather than the$400B quoted in the article, even that is roughly double the current state budget, so taxes would have to triple
But health insurance premiums paid by individuals and companies would go to zero. Most insured people would see a net increase in disposable income, some uninsured people would see a decrease in disposable income, and -- depending on the exact nature of the tax -- some high-wealth individuals might see a significant decline in disposable income.

ppauper
Posts: 63983
Joined: November 15th, 2001, 1:29 pm

### Re: California: Here comes Ahnoooold!

that's what they said about obamacare also
the tax details haven't been worked out, but it seems more likely that this will hurt the middle class as well as the rich

ppauper
Posts: 63983
Joined: November 15th, 2001, 1:29 pm

### Re: California: Here comes Ahnoooold!

the single-payer plan in california has been put on hold because they couldn't figure out how to fund it

Death threats directed at Assembly leader over universal health care bill
 ABOUT WILMOTT

Wilmott.com has been "Serving the Quantitative Finance Community" since 2001. Continued...

 JOBS BOARD

Looking for a quant job, risk, algo trading,...? Browse jobs here...