The LAT editorializes this morning in favor of a plan that passed the California Assembly to place on the ballot a proposition which, if successful, would authorize a state run health plan to provide health insurance coverage for some Californians who don't already have it. The main problem is it will cost $14 billion a year and the only way to raise that is with a tax increase, mostly on businesses, as if Californians were not already taxed enough. And, California's 2007-2008 budget already has a $14 billion hole in it.
Democrats control both houses of the legislature and the governor, nominally a Republican, sides with Democrats. Therefore, the proposition will surely make the ballot, presumably next November.
Democrats, like other socialists, believe in compelling people to do things, which means the plan will have lots of costly mandates. The people who will be forced to pay will not be the people who will benefit from the plan. Since there will be more of the latter than the former, the plan could well pass, with the result that more businesses will leave the state and many high earners will too. Will enough remain in California to pay the additional $14 billion? That is the question.
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