INESCAPABLE COLLAPSE OF TOP 5 US STATES The States and their Economies that will

INESCAPABLE COLLAPSE OF TOP 5 US STATES
The States and their Economies that will collapse during this cycle of ‘correction’:

– California (LA, SF, SD axis)
– Illinois (Chicago and Region)
– New York (NYC)
– New Jersey (NYC-Philadelphia Extended Region)
– Connecticut (NYC Region, Hartford-New Haven Region)

Over-reliance on taxes from a small number of high earners.
Over Estimation of the flexibility of concentration ( limited diversity) of the economy.
Over-promising Pensions and government wages.
Over Estimating Demographic ‘Stickiness’. Spending, Income Tax, and other Contributions leave with the most mobile young people leaving states with the expenditures.

There is nothing that can be done other than defaulting on Pensions that never were possible and should never have been permitted.