Big Business has gone racial with a recent article in the NY Times titled Paper on Immigrant I.Q. Dogs Critic of Overhaul. You may be wondering what an article in the NY Times has to do with Big Business so I’ll tell you. The NY Times isn’t owned, operated and staffed by “hicks” from flyover country but by people whose families have connections. Nearly all of them went to the same schools and attend the same country clubs and cocktail parties as elitists. So realize that when journalists at the NY Times take a position that it’s endorsed by elitists. Those journalists know which side their bread is buttered on.
But let’s take a step back and look at what prompted Big Business to abandon their argument that immigrants “help the economy” in favor of the race card.
As I blogged last month, Dr Borjas, a labor economist from Harvard, released a report titled Immigration and the American Worker. His report showed no economic benefit to America from immigration. Rather, the economic growth resulting from immigration is consumed by the immigrants themselves.
Moreover, the increase in labor supply reduces wages. So immigration is basically a wealth transfer of $400 BILLION per year from employees to corporations. This isn’t just about illegals, either. This is about H1B visas. too. Unless you’re a CEO or a billionaire then part of that $400 Billion comes from your paycheck whether you realize it or not. That’s why Big Business has spent ~1.5 Trillion lobbying for immigration over the last 5 years.
More recently, a report from the Heritage Foundation titled The Fiscal Cost of Unlawful Immigrants and Amnesty to the U.S. Taxpayer shows that amnesty will cost taxpayers $6.3 TRILLION in new entitlements and social programs. Now, bear in mind that the national debt is already over $16 Trillion and increasing by more than a Trillion per year. Amnesty will increase the national debt by more than a third. That, my friends, is the definition of unsustainable.
But the numbers finally caught up with the corporations. They’ve been outed and pwned. So they’ve abandoned rational arguments for smears. The only reason they want to make it racial is because they’ve lost the economic argument.
Don’t fall for it. Don’t let the corporations and their shills bait you into an argument over race. Stay on point and argue the economics. The economics is simple:
1) The impact of immigration on wages transfers $400 BILLION per year from employees to their employers.
2) Amnesty will cost taxpayers an additional $6.3 TRILLION in new spending on entitlements and social programs.
There’s no benefit to America or Americans. The only ones benefiting are billionaires. They’re merely robbing Peter to pay Paul and sticking taxpayers with the tab. It’s just another Wall Street bailout only much, much worse. Because it transfers hundreds of billions from you to them every year, as well as costing trillions in new entitlements. And it will never end or be paid back. Ever.