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Strategies & Market Trends : Universal basic income (UBI)
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To: Glenn Petersen who wrote (426)12/31/2022 9:42:08 AM
From: Kirk ©  Read Replies (1) of 455
 
I think these data sets need to be adjusted for recent immigration, both as legal refugees and illegal aliens. The numbers are so large they could be blamed for most of that 2% change.

Illegal aliens who get to vote in sanctuary cities like SF because the politicians say they pay taxes so need to say where those dollars will be spent.
The share of U.S. aggregate income held by lower-income households edged down from 10% to 8% over these five decades, even though the proportion of adults living in lower-income households increased over this period.

The US has about 333 million residents and we're adding significantly to that number every year.
Authorities encountered more than 2.76 million migrants crossing the border illegally last fiscal year, the largest number ever recorded, according to newly released U.S. Customs and Border Patrol (CBP) data.

The record number of crossings during the fiscal year, which ended on Sept. 30, topped the 1.96 million migrant encounters the previous year, a sharp rise CBP attributed to an increased number of migrants fleeing authoritarian regimes in Venezuela, Nicaragua and Cuba.

That is only counting illegal crossings encountered there was for sure many more.
thehill.com

In three years, we could easily have added 2% to our population via illegal immigration and they sure didn't come in with a lot of money.

Here is California the cities that were once uncrowded are being forced by the state to build high density, under parked housing faster and yet it still can't keep up with the migration adding more low income people.

President Clinton thought so much of the problem he spoke of the "illegal alien" problem during one of his SOTUs

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