Sunday , March 24 2019
Home / Mish's Global Economic / Trump Makes Case for Wall, Pelosi Says No, Ron Paul Says We Don’t Need It

Trump Makes Case for Wall, Pelosi Says No, Ron Paul Says We Don’t Need It

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No. 1-25Nathan8C5 hrsMish, you need to live in CA or TX to see how the system gets cheated. Only Ron Paul is on the right track. These illegal immigrants come in because there are free money!! First, they get all kinds of government aids or social welfare from religious institutes legally or illegally. Since a huge percentage of the government workers at all ranks were illegal immigrants at one point, they help out their own countrymen by faking documents, or telling them how to fake IDs, etc. to obtain the government aids. Then, you think they are hard workers and pay taxes?? No, they only work for CASH by doing handyman/cleaning work, etc. That way, their reported income can stay at zero for maximum government aids. Their way of living surely boost consumption, but other legal

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No. 1-25

Nathan8C

Mish, you need to live in CA or TX to see how the system gets cheated. Only Ron Paul is on the right track.

These illegal immigrants come in because there are free money!! First, they get all kinds of government aids or social welfare from religious institutes legally or illegally. Since a huge percentage of the government workers at all ranks were illegal immigrants at one point, they help out their own countrymen by faking documents, or telling them how to fake IDs, etc. to obtain the government aids. Then, you think they are hard workers and pay taxes?? No, they only work for CASH by doing handyman/cleaning work, etc. That way, their reported income can stay at zero for maximum government aids. Their way of living surely boost consumption, but other legal residents here who have lower income would never be able to live like how these illegal immigrants live.

They obviously don't pay into healthcare system, nor auto-insurances, nor social security systems. The only thing that they pay into is the sales taxes.

If we abolish all income taxes, and move to all sale taxes, it will make illegal immigrants to pay a fair share. That way, whether the job was paid in cash or other methods, it doesn't matter. Government will not have the incentive to hunt and track all the cash movement. They simply need to enforce sales tax at the business levels, which is so much easier than tracking down every individual. If you learn from Taiwanese government, what they do for this enforcement is by making every sale receipt as a government-sponsored lottery ticket. People are incentivized to ask for receipts and indirectly enforcing every sale tax, big or small. Tracking down the big sales/transactions at business is a lot easier than tracking down millions of small transactions.

In any case, once you remove the financial incentives to come into USA, the flow of illegal immigrant will stop automatically, without ANY walls, which historically will never work 100%. Sure, they can still come. BUT they must knowingly come in with their own financial resources and prepare to work hard to survive.

If they come in, getting all the foodstamps, and welfare dollars illegally, and work only for cash, they actually enjoy a higher standard of living than the welfare system is designed to do. What must happen is an extremely high penalty for cheating the welfare system, either from inside workers, or out. Or maybe simply abolish all social welfare entirely.

Mike Shedlock
Mike Shedlock (Mish) is a registered investment advisor representative for SitkaPacific Capital Management (http://www.sitkapacific.com/). Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

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