Forbes Releases List Of 11 "Death Spiral" States
FOX News: A writer at Forbes Magazine has identified a phenomenon called the â€śdeath spiral states.â€ť The category includes 11 states where private sector workers are outnumbered by people who are dependent on the government. That number would include state workers, and people who are receiving welfare or pension. For example, in California the ratio of â€śtakers versus makersâ€ť is bigger than one. If you own a software company that employs 100 people, youâ€™re supporting 139 other people in the state who are on the â€śtakersâ€ť list.