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CA defaults on $18.6B debt! (www.zerohedge.com)

posted 1 year ago by BerlinWallCrosser 1 year ago by BerlinWallCrosser +65 / -0

California Defaults On $18.6 Billion In Debt, Saddling Employers With The Expense

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

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– repeatoffender 2 points 1 year ago +2 / -0

The employment tax goes up 0.3% per year or about 10% of an annual raise. Employers are not going to pay this, employees in California will pay it via slightly lower raises.

It may become even more financially attractive to find work in another state.

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