Thursday, November 29, 2012

Do You Live In one of the eleven Death Spiral States?

Death Spiral states are those where private sector workers are outnumbered by people who are dependent on the government:
Two factors determine whether a state makes this elite list of fiscal hellholes. The first is whether it has more takers than makers. A taker is someone who draws money from the government, as an employee, pensioner or welfare recipient. A maker is someone gainfully employed in the private sector. 
Let us give those takers the benefit of our sympathy and assume that every single one of them is a deserving soul. This person is either genuinely needy or a dedicated public servant or the recipient of a well-earned pension. 
But what happens when these needy types outnumber the providers? Taxes get too high. Prosperous citizens decamp. Employers decamp. That just makes matters worse for the taxpayers left behind.
To see if your state is one of the eleven, read the whole article HERE or watch the related video below:

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