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Even if a large quantity of the workers are foreign, they do spend truckloads of their fat paychecks in the US. Or what you are saying is that trickle-down econ
by princekolt 9y ago
Even if a large quantity of the workers are foreign, they do spend truckloads of their fat paychecks in the US. Or what you are saying is that trickle-down economy doesn't apply to foreigners, then?
- grenoire 9y agoTrickle-down economy does not apply to anybody in any case.
- princekolt 9y agoThat's my point. However, this is not what anti-immigration folks usually believe.
- Apocryphon 9y agoDon't be too sure about that. The right-wing populism that's been spreading internationally isn't exactly neoliberal in its outlook. Those agitating against H-1Bs aren't hand in hand with those calling for supply-side economics. There are different varieties of right-wing just as there are different types of left-wing.
- whathaschanged 9y agoI don't ever send money to friends and family in another country. They all do. Which worker benefits this nation more?
- princekolt 9y agoForeign remittances are estimated at around $50B yearly[1]. Trump's proposed estate tax repeal (death-tax) would cost $200B, while his corporate tax reform would cost $3.7T (that's trillion with a T)[2]. It's important to remember that remittances are NOT tax money. Who's whacking the economy again? [1]: http://www.nytimes.com/2013/04/28/us/politics/immigrants-find-it-cheaper-to-send-money-home.html?pagewanted=all&_r=1& http://www.nytimes.com/2013/04/28/us/politics/immigrants-fin... [2]: https://www.nytimes.com/interactive/2017/04/26/us/politics/what-trumps-tax-proposal-will-cost.html https://www.nytimes.com/interactive/2017/04/26/us/politics/w...