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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Bill C. who wrote (72053)3/13/2001 11:47:22 AM
From: Doug  Read Replies (2) | Respond to of 99985
 
B.C: Just to keep the record on immigration straight. The Indians who immigrated to the U.S in the past 50 years created more wealth /head than any other single group in the post war period. In the past 10 years over 20% of new Companies were started by Asian Immigrants. They have given employment to millions.

If you study Civilizations , you will observe that it is not the newest Immigrant who is the problem. It is the oldest one who has become complacent. Thats how all civililizations fall.!



To: Bill C. who wrote (72053)3/13/2001 11:57:46 AM
From: jmootx  Respond to of 99985
 
Bill here is the problem:

I worked in three different service industries while working my way through college. Here are some points:

The recent census count puts the entire number of Latino Americans at 38 million, supposedly including all persons legal and illegal.
I estimate that this is an undercount by about 5-10 million and that is conservative. Consider this as a conservative number which is illegal, and here is what I learned many of them do:

1.Most of the ones who work as nannys and maids get paid in cash. No tax base.
2. A single immigrant with a valid work permit often has two or more persons carrying a fake of that card and as well as a copy of the Social Security Card. The IRS perceives that one individual working three jobs since the weely earnings come in often at up to 140 hours a week. (60,000 annually) All three alias' claim the maximum number of dependents on their W2. Again, little tax base. But very productive work, even awesome work. Happy homebuilders, restaurant managers, Alan Greenspan, etc. So do they spend? Nope, most in this category don't want citizenship, they are packing this money away so that they can support their family on minimum needs either here, Mexico, or elsewhere.

So my point is there is incredible productivity by some very dependable persons. But if the majority of the earnings from 10 of 30 back of house workers workers at any busy restaurant USA does not go to our tax base OR get spent at Mall USA, that is a deflationary element to our economy.
They do spend on clothing and apparel needs, it is no wonder why that sector remains strong, as well as discount retailers.

And these numbers are conservative. Anyhow, given this is sensitive political talk to some, it likely does not factor into Fed policy. As for me personally I don't care I owe it to these folks for supporting me as a manager in service while in college.



To: Bill C. who wrote (72053)3/13/2001 12:29:10 PM
From: c.hinton  Respond to of 99985
 
America is the land of immigrants,made by immigrants,the so called scum of the world.We need them as much or more than they need us.They are our lifes blood.