Kirk Feely @KirkFeely

California public policy and economics. #CABudget advisor. Former @LAO_CA. @USC, @LSEnews Alum. Sacramento, CA Joined March 2011

Tweets

379
Followers

357
Following

1K
Likes

2K

Rob Pyers @rpyers

a day ago

Potentially 17 propositions on California's November ballot: ● Voter ID ● Limit health care executive compensation ● Require community health clinics spend 90% of revenue on program services ● Restrict political spending by health care unions ● CEQA reform ● Make temporary 2012 millionaire tax permanent ● Billionaire wealth tax ● Taxpayer protection act ● Prohibit retroactive tax ● Prohibits new state taxes excluded from state spending limits ● Immunology research bond ● Create middle-income home loan program ● $11.25B affordable housing bond ● Strengthen rainy day fund ● Voting thresholds for tax measures ● Public campaign financing ● Recall election reform

Rob Pyers @rpyers

a day ago

JUST IN: The second of two initiatives submitted with the intent of neutering the proposed billionaire wealth tax has enough valid signatures to be eligible for California's November ballot.

3 19 47 63K 8

28 91 255 204K 110

View Details

Kirk Feely @KirkFeely

2 months ago

Well observed: "I can be trusted with that... And that's the temptation of power - always."

Greg Lukianoff @glukianoff

2 months ago

Why does free speech have a “branding problem”? Part of it is simple. Once an institution becomes ideologically one-sided, it stops needing free speech and starts seeing it as a threat. That’s what I watched happen on campuses. A slow-motion train wreck.

41 475 2K 142K 342

0 0 2 43 0

View Details

Kirk Feely @KirkFeely

2 months ago

@Handre Can you please provide your data sources and inputs? Conceptually this seems spot-on; I'm just a data nerd. Thank you.

0 0 0 34 0

View Details

@

2 months ago

Norway is reversing its mistaken 2016 decision to give every student an iPad, which damaged education immediately. Many countries are going back to books and handwriting. I hope many American schools will go back to analog next September, and let's see if that works for us too:

@

57 years ago

0 0 0 0 0

29 1K 5K 312K 587

View Details

Joshua Rauh @joshrauh

3 months ago

Let this sink in. California wealth tax architect Saez admits it here: he would let 80% of billionaires leave CA, liquidating Silicon Valley and its jobs, for an extra $2 billion per year in revenues. This is in a state that spends $325 billion per year, up by 68% since 2019.

563 912 5K 1.3M 928

View Details

Joshua Rauh @joshrauh

3 months ago

California's billionaire tax proposal has not survived "first contact" with billionaires. - It's a money loser for the state - It is exporting wealth and jobs, not improving inequality or opportunity - It worsens CA's structural fiscal problems My debate with the architects👇

Stanford Institute for Economic Policy Research @SIEPR

3 months ago

This just in: Our recent @SIEPR Economic Summit featured a spirited debate over the proposed Calif. "billionaire tax" b/w 2 experts who know the pros/cons better than anyone: @joshrauh of @StanfordGSB and UCB's Emmanuel Saez. You don't want to miss this: video👇 #billionairetax

9 11 54 93K 28

30 105 750 102K 193

View Details

Nicholas Kristof @NickKristof

5 months ago

It's astonishing to witness the improvement in public education--reading, math, attendance, grad rates--in Alabama, Louisiana and Mississippi. But we're busy fighting culture wars rather than scaling up what these three states have done. Please do read: nytimes.com/2026/02/09/opi…

334 977 4K 593K 824

View Details

Kirk Feely @KirkFeely

a year ago

@CaucusRedux @AsmBuffyWicks @CASenCaballero 😅

0 0 0 78 0

View Details

Kirk Feely @KirkFeely

a year ago

@JonErlichman Appreciating that the label clarifies it's an "Electronic" computer 😀

0 0 0 37 0

View Details

Jake Tapper 🦅 @jaketapper

a year ago

On Dec 3, 2020, I asked President-elect Biden, about reports that Trump was considering preemptive pardons. He said “it concerns me in terms of what kind of precedent it sets, and how the rest of the world looks at us as a nation of laws and justice” transcripts.cnn.com/show/se/date/2…

3K 3K 15K 933K 976

View Details

E.J. Antoni, Ph.D. @RealEJAntoni

2 years ago

Nonfarm payrolls have never recovered to their pre-pandemic trend but for over a year they were at least growing at the same rate as pre-pandemic; now, that's not even true as the labor market adds fewer and fewer jobs, especially after downward revisions are considered:

7 88 160 11K 13

View Details

E.J. Antoni, Ph.D. @RealEJAntoni

2 years ago

Employment level is more than 7 million below its pre-pandemic trend:

178 1K 4K 314K 393

View Details

Jessica Riedl 🧀 🇺🇦 @JessicaBRiedl

2 years ago

Updating some charts: Interest is now set to pass defense this year, Medicare in a few years, and Social Security in 18 years to become the biggest federal program - consuming nearly half of tax revenues. And even that's with interest rates permanently remaining below 4%. 😬

20 113 233 33K 39

View Details

Alec Stapp @AlecStapp

2 years ago

Biomedical innovation is miraculous

63 1K 9K 959K 571

View Details

Legislative Analyst @LAO_CA

2 years ago

All else equal, this means the budget problem would grow by $15 billion: from $58 billion to $73 billion. (4/6)

2 14 22 16K 2

View Details

Legislative Analyst @LAO_CA

2 years ago

Recent revenue collections data reflect even further weakness relative to those estimates. Our forecast is now about $24 billion below the Governor’s budget across 2022-23 to 2024-25. lao.ca.gov/LAOEconTax/Art… (3/6)

1 5 8 4K 1

View Details

Kirk Feely @KirkFeely

2 years ago

The nonpartisan LAO now forecasting tax revenues will be $24B less than the Gov's budget assumes through June 2024. Just a few weeks ago LAO forecasted a $15B difference. (Note revenue forecast is not the same as the deficit forecast.) #CALeg

California Economy & Taxes @LAOEconTax

2 years ago

We just posted the latest update to our revenue forecast. Our updated forecast continues to suggest significant downside risk to revenues relative to the Governor’s Budget. Specifically, our forecast is about $24 billion below the Governor’s Budget. lao.ca.gov/LAOEconTax/Art…

2 10 10 5K 1

1 0 3 191 0

View Details

Julia Pollak @juliaonjobs

2 years ago

Like Tolstoy's unhappy families, each of the metro areas that is losing jobs fastest is doing so for its own reasons in its own way.

1 1 2 355 0

View Details

Julia Pollak @juliaonjobs

2 years ago

Why did employment grow fastest in these 10 metro areas in 2023? - Several are the 5th-, 6th-, or 7th-biggest cities in their states, great for business and affordable for families - Several are important college towns and research centers - Several are tourist hotspots

2 3 4 929 1

View Details

Kirk Feely @KirkFeely

2 years ago

@juliaonjobs It wouldn't seem that Salinas, CA, fits into any of those categories, with the possible exception of an affordability advantage relative to the Bay Area. Any more insight into the story there?