Immigrants as a source of support to America’s aging population
The usual rubbish below. Because they usually work at the bottom end of the labor market, very few Hispanics would have to pay tax even if they wanted to. So saying that they are important as a source of tax revenue, now or in the future, is a lie and a fraud. Approximately 95% of American tax revenue comes from people of ABOVE average income and very few Hispanics are going to move into that bracket any time soon.
Australia has just put its official retiring age up from 65 to 67 and that is how America also will cope with its aging population in due course. And with the drain of providing medical and education services to illegals, the age in America might even have to rise to 70
Reports released by the Social Security and Medicare Boards of Trustees this week have re-focused public attention on the deteriorating financial condition of the nation’s main health and retirement programs. These reports underscore not only the severity of the current recession, but also the demographic crisis confronting the nation as the native-born population ages. The coming wave of retiring Baby Boomers reminds us of the increasingly important role that immigrants play in the U.S. economy as taxpayers, workers, consumers, and homebuyers.
In an IPC report, demographer Dowell Myers of the University of Southern California has succinctly analyzed this looming demographic crisis and the role that immigration can play in overcoming it:
* Over the next 20 years, the number of senior citizens relative to the number of working-age Americans will increase by 67 percent.
* This means that more and more retirees “will transition from being net taxpayers to net recipients of health and pension benefits, and they will be supported by a smaller workforce that is struggling to meet its own needs.”
* These “mass retirements” will not only strain the Social Security and Medicare programs, but will also drive labor-force growth “perilously low – perhaps below zero in many states – which will depress economic growth as a whole.”
Moreover, “seniors are also net home sellers, and accordingly, there will be 67 percent more people in the selling ages relative to the younger adults who are likely to be buyers. Thus the mass sell-off launched by aging poses a great hazard for all home sellers and their home values in the two decades ahead.”
The aging of the native-born population will leave the U.S. economy short on workers and taxpayers just when more workers and taxpayers are needed to support the increasing number of retiring Baby Boomers. Immigrants can help fill this gap. And, as the IPC points out in a recent compilation of economic data, sensible immigration reform would maximize the economic contributions of immigrants, which will shore up not only Social Security and Medicare, but the U.S. tax base and the U.S. workforce as well.
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Posted by JonJayRay on May 15, 2009 9:01 pm
» Filed Under Amnesty/Immigration reform, Border Control/Homeland Security, Economy, Fraud/misrepresentation, Illegal Aliens/Immigration, News, Politics As Usual, Propaganda, Recession/Depression, Revisionism, Socialism, Taxes, Welfare
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One Response to “Immigrants as a source of support to America’s aging population”
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Illegal immigration is going to impact health care or visa versa. Because American taxpayers have been burdened with paying for emergency medical care by law for anybody who slips across the border. Illegal immigrants are going to have a monolithic impact of the distribution of this now privileged health services, on all citizens and legal residents–IF WE STILL HAVE TO PAY FOR ALL THE UNEDUCATED, ILLITERATE THAT CIRCUMVENTS OUR IMMIGRATION LAWS. When our government estimates that 48 million people are uninsured, a good portion is that they are illegal immigrants and families. American can only afford to approve health care for our legal population, otherwise we will have a continuous stream of hospitals and clinics closing or going into bankruptcy, because Federal mandate say we must give emergency care to the uninsured–mainly the millions of illegal aliens squatting here. Our nation has become a irresistible attraction looking for free benefits from Americans.
$Billions a year paying for education, health care, housing, prison cells, that includes a matrix of federal and state benefits. The Emergency room is a misnomer, as they use the hospital-in patient for any minor or major affliction. The taxpayer pays for everything including dialysis to major surgery, whereas the employer pays nothing towards his illegal charge. In recent years even Europe with a single-payer government program, without the financial bleeding of Insurance companies have been severely damaged by illegal labor. Today under President Obama we have but–ONE CHANCE– for all legal Americans to have Universal health care–and WE MUST DEMAND IT. WE HAVE THE POWER! USE IT! Call your Senator or Representative. DON’T LET THE MEGA INSURANCE COMPANIES PERVERT THIS CHANCE, WITH THEIR PROPAGANDA TV & RADIO ADS. Demand a permanent E-Verify workplace extraction tool, utilizing ATTRITION in the workplace. Learn much more at NUMBERSUSA, JUDICIALWATCH.