“With respect to immigration, let’s allow anyone who wishes to move here with the provision that they are ineligible for tax-funded government benefits. Presto: armies of foreign-born ‘net tax producers.’ Keeping immigrants out will also cost us liberty as well as money. What invasions of privacy are we willing to countenance in order to prevent people from living and working here? We’re slowly and steadily crushing businesses under ever-heavier regulatory burdens. What will happen when we tell them ‘here’s a new stack of immigration rules’? Immigration restrictions might be good populist politics, but they are lousy economics.”
http://www.forbes.com/sites/artcarden/2013/09/06/what-you-dont-know-about-immigration-can-hurt-you/
Related posts:
Bitcoin: Open source money whose time has come
The Tide of Power
Two Cheers for the Coming Collapse of the U.S. Economy!
Jim Rogers: Need to own real assets in India
Bill Bonner: Trump’s Not Like Ike
Bill Bonner: Debunking the Fed’s Credit Propaganda
Manning Show Trial Exposes the Fraud of Representative Democracy
Peter Schiff: Detroit Broke City
Google's 'principles' on AI weapons, mass surveillence, and signing out
Herding the Sheeple into Government-Controlled Health Care
Life-Saving Third-World Remittances Smothered by Anti-Money-Laundering Laws
California’s New Democratic Supermajority is the Path to a Smaller America
Electronic Walls, Property and Government
Michael Scheuer: U.S. leaders’ fingerprints are on the detonators
Cyprus and the reality of banking: Deposit haircuts are both inevitable and the right thing to do