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Article #21314

A Very Expensive Proposition!!!

#21314
From: Rich Greenwood
Date: Sat, 24 Sep 1994 13:23
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Prop 186 is estimated to cost $40,000,000,000.00 intitially.  
After that, it is anyone's guess.

Prop 186 offers us a government run healthcare system.
If you'd like to get your healthcare from a VA type hospital, 
you'll love this.

No one knows how many jobs will be lost when employers are required to pay
additional payroll taxes to cover the cost of their employees and choose to 
reduce the number of employees to help manage their payroll expenses.

The most interesting part of Prop 186 is the definition of "Resident" which
identifies who will be entitled to benefits.  There is currently alot of
room for interpretation.....so much that if Prop 186 is adopted, we could see
the greatest increase in California residents since the Gold Rush days!!!

If you have a better idea than Prop 186, I hope you'll share it!!!!!  
We sure need it!!!!!!!!!!!!

          Richard M. Greenwood, MBA, Professional Financial Planner
                       San Diego, CA  619-438-8932
        NOW is the time to PLAN TO REPLACE YOUR INCOME in the event of
                retirement, unemployment, disability or death
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From: untaxit@access.thegroup.net (Rich Greenwood)
Newsgroups: ca.general
Subject: A Very Expensive Proposition!!!
Date: 24 Sep 1994 13:23:01 GMT
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