Death-Spiral States

Debt,Economy,Government,Political Economy,Private Property,Socialism,Taxation,The State

A death spiral state is one in which the parasites outnumber the hosts. In these states, the taker-(public sector workers)-to-maker (private sector workers) ratio is unsustainable.

William Baldwin of Forbes magazine defines a death-spiral state as one that has “more takers than makers,” where “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.”

Charitably, Forbes counts only “11 death spiral states, rang[ing] from New Mexico, with 1.53 takers for every maker, down to Ohio, with a 1-to-1 ratio.”

Consider (or don’t):

Let’s say you are a software entrepreneur with 100 on your payroll. If you stay in San Francisco, your crew will support 139 takers. In Texas, they would support only 82. Austin looks very attractive.


like tweet google+ recommend Print Friendlyprint