Financial expert Robert Kiyosaki is predicting a grim fate for the country’s Golden State. The Rich Dad Company co-founder warned that California is "going bust" amid poor financial management and fleeing residents during his appearance on "The Big Money Show" on Monday. Kiyosaki, who predicted the 2008 Lehman Brothers collapse, said that California is the "lead state" and could potentially bring down other states who follow its progressive agenda.
The financial expert’s comments echo his criticism he posted about the state on "X" in July. Kiyosaki told users that "California is a BELL-Weather state. That means what happens in California happens to the rest of the US.""California will begin raising taxes and cutting subsidies to the poor, to prisons, environmental problems, and teachers unions. That means crime will spread as police will be cut.
Earlier this year, more than 86% of business owners in California said that crime has increased in their area, while 67% from the same survey claimed to be considering moving their headquarters out of the Golden State, according to RedBalloon and PublicSq.’s February Freedom Economy Index. "You know, I think it’s interesting that one of the greatest entrepreneurs of our time, Elon Musk, is leaving. What does that tell you?" he asked.