Companies Should Avoid States With Huge Pension Debts, Warren Buffett Warns

 

When the guy who controls Government Employee’s Insurance Company (GEICO) is warning about dangerous and unsustainable government pensions it’s probably wise to pay attention.

(From Reason)

And when you see what they would have to do—I say to myself, “Why do I wanna build a plant there that has to sit there for 30 or 40 years?” Beause I’ll be here for the life of the pension plan—and they will come after corporations, they’ll come after individuals.

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