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Old 03-30-2017, 07:48 AM  
woj
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Join Date: Jul 2002
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Quote:
Originally Posted by crucifissio View Post
phew the british economy is saved! now the brits will start hiring expensive brits and buying uncompetitive domestic goods! paul markham will return to the UK and spend his pension there...

we all know cheap labor is the enemy of every economy


cant wait for the MAGA and right wing crew to find out that there is no solution to their problem
your line of reasoning would be true under capitalism... under socialism however it's not...


imagine country has 10 people each making $10 = $100 total
50% gets paid in taxes, so government gets $50 for various gov services

now 1 person that is happy to work for $5 immigrates to your country
he replaces 1 of the 10 people that were productively employed, so now total = $95
producers are happy, cause now they pay $95 instead of $100
consumers are happy, cause it drives down the cost of goods, etc

BUT government (tax payers) is not happy, cause now they get $47.50 instead of $50
AND they have to feed the person that got replaced by the immigrant at lets say cost of $5, so government (tax payers) are left with only $42.50

... but $42.50 is not enough, so gov services need to be cut or taxes raised....


so immigration only works well under capitalism, under socialism the net result is certainly debatable, but likely negative like described in the simplified example above...
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