David Friedberg

I don't know if you guys know this.

I'll make this one point, very important to know.

They once tried to change the benefits, the pension benefits, and they lost a court case.

And so there's precedent in California state court that you cannot change pension benefits on the date that someone was hired.

You can never change their future benefits.

Really important to know.

So all of the benefits that have been given to every California public employee up to this day or that they've been promised, they are promised for life and you're not allowed to take them out and they cannot be disposed of except for some form of bankruptcy.

And there is no mechanism by which the state can declare bankruptcy.

So fundamentally and functionally, there are two ways that California can be saved.

Number one, you pass an amendment to the constitution to fix this pension liability problem.

And number two is the state has the ability to declare bankruptcy.

Everything else is all about how long are you keeping the state alive for?

They can get past that.

It's not just tech.

It's anyone that doesn't want an establishment governor.

And I think that includes Hollywood.

It includes agriculture.

It includes large swaths of the state's economy.

So let's see what happens.

Even Jason.