Back in November, Forbes magazine did a study of the top 10 (11) states which investors should not invest money, or build a new business in, and that have welfare rolls so vast, they have more takers than earners to provide for the system.
Below is the list in order of best of the worst, to cash out now.
Number 11 - Ohio Taker ratio: 1.00The battleground state has a fiscal standoff between takers (people collecting welfare, a government salary or a government pension) and makers (private sector employees).
Number 10 - Hawaii Taker ratio: 1.02Dark clouds over Waikiki Beach: Hawaii has slightly more takers than makers.
Number 9 - Illinois Taker ratio: 1.03Dubious ex-gov Rod Blagojevich personifies what's wrong with this state: Too many goodies promised to insiders. Unfunded pensions contribute to the balance of 103 takers to every 100 makers.
Number 8 - Kentucky Taker ratio:1.05Twilight in Lexington. People drawing from government slightly outnumber people chipping in with private-sector jobs.
Number 7 - South Carolina Taker ratio:1.06Riptides on Folly Beach.
Number 6 - New York Taker ratio: 1.07Blackout in the Flatiron district after the hurricane. Manhattan still has a vibrant financial sector. Manufacturing there is extinguished. Causes: taxes, unions, regulations and cheap apparel workers abroad.
Number 5 - Maine Taker ratio: 1.07
Casco Bay, Portland. This is a state with a beautiful coastline and a ratio of 107 drawers from the public fisc to every 100 contributors.
Number 4 - Alabama Taker ratio: 1.10
Cityscape seen from the Vulcan statue in Birmingham.
Number 3 - California Taker ratio: 1.39
California is generous to a fault, at least to state employees and the needy. To private sector employees, who are outnumbered, it is not so hospitable.
Number 2 - Mississippi Taker ratio: 1.49
Flooding near Tunica in May 2011. The state ranks second to worst on the list of states burdened by a high ratio of takers (welfare recipients and state employees) to makers (private sector workers).
And The Worst State to live in or lend to is...
Number 1 - New Mexico Taker ratio: 1.53
Wildfire near the Los Alamos Laboratory in June 2011. In our taker/maker ratio, federal employees are excluded from the taker count since their cost is not borne locally. That doesn't save this state from having the worst ratio in the nation.