Here’s the latest “story” on Calpers. They are just shy of $1 trillion in unfunded liability, which translates into almost $100k per household. I’ll bet the illegals will vamoose back to Beanerland when they find out that they are going to have to pay up, or that those who have the wherewithal to pay the debt refuse to do so which is the more likely scenario.
If the state of California raises taxes to try and cover this $1 Trillion unfunded liability gap, will that force more people to get up and out of the state, thus weakening its income tax and business base?
If so, then California would have shot themselves in the other foot or a little higher, which, to me, is a good thing.