Tom Bilyeu
👤 SpeakerAppearances Over Time
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when fraud is this rampant.
California's employers, and I know firsthand, now pay a federal payroll surcharge nearly nine times higher than businesses in debt-free states.
And P.S., that's the fallout from unemployment fraud.
There's way more fraud in California than just the unemployment fraud.
Senior officials at the U.S.
Department of Health and Human Services told City Journal that their initial estimate for the Medi-Cal fraud rate is a full 25%.
MediCal's budget is $197 billion.
That means that an estimated $37.4 billion in fraud is leaking out.
Cal Doge's analysis puts the total five-year exposure at $425 billion in fraud and waste.
Now, by quick math, that means that every one of California's 18.75 million taxpayers is responsible for paying $22,000 each just to cover the fraud.
Just to cover the fraud.
Newsom's response, he called the City Journal report information laundering, whatever the hell that's supposed to mean, and accused reporters of making things up.
That is asinine, given that the reporters cited state audits, federal indictments, and congressional testimony.
This problem is so much bigger than people realize.
The fraud in California is gargantuan.
We saw it in Minnesota.
I bet we're going to see it in other states.
America is being plundered.
There is some idea that has taken hold that either no matter the cost, we've just got to get people in here that will vote for Democrats.
And so no matter how blind of an eye we have to turn to the fraud, we will turn that blind eye.