k-12 Tax & $pending Climate: California Pension Crisis

Chamath:

California will be bankrupt by 2030.

If you’re expecting a state pension, it is at risk.

If you don’t believe it, check Grok or Gemini and explore how California politicians changed the reporting rules on your pension so they could hide how underwater it is.

The middle class citizens of California will soon be asked to pay a huge price to bail out the state.

Why them?

Because that is where most of the wealth of California resides. It’s easy to single out “billionaires” but there aren’t many of them and they can and will all leave before the bottom falls out. They are leaving in droves already.


Fast Lane Literacy by sedso