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You are paying for your Dad's pension, and for the Government services consumed by millions of migrants. Those same migrants increase labor supply (thus loweri
by ArkVark 6y ago
You are paying for your Dad's pension, and for the Government services consumed by millions of migrants.
Those same migrants increase labor supply (thus lowering the equilibrium price) and increase demand for land and real estate.
The end result is high taxes and high real estate cost. Of immense benefit to your dad (and other Baby Boomers) who receive risk-free pensions, and supercharged capital gains for their own assets.
- petr_tik 6y agoI don’t understand why you are downvoted. Millions might, not necessarily though, be an overestimate, but I agree with the analysis in principle. Disclaimer: I’m an immigrant.