Just the Facts, Ma'am: A Compendium of Liberal Fiction Message Board

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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction

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To: mph who wrote (53530)	11/15/2006 5:59:33 PM
From: Peter Dierks	Read Replies (1) of 90947

I said close to 100%. If you want true statistics, they are probably in the public domain. I have seen recently that the percentage of immigrant income remitted as expatriate support payments is down considerably from historical highs. That is not a quantifiable answer. Yes some income is remitted to foreign relatives for support. Some is circulated through networks of other illegal workers doing off books services. (Note that is true for citizens as well; try remitting a form 1099 to the guy who didn't file a building permit on your bathroom remodel and watch him scream.) My point was that this demographic slice does not save. Saving is very bad for economic stimulation. Illegal immigrants almost always spend very close to 100% of their disposable income and seldom save. You can dispute that untaxed income spent will generate multiple iterations of taxed transactions. You might as well argue that a 5% reserve ratio doesn't produce M1 of about 20 times cash in circulation. Neither is intuitive until you grasp the whole relationship of money and how it flows through the economy.

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