Quote:
Originally Posted by bahbahmickey
How do you think we should "make the country more wealthy for all"? You seem fairly liberal so the fact that you seem to value this is a bit surprising.
It is clear and it is clear world wide as well as in the long history of the US.
Wealth is built in a country by growth of GSP creating more opportunities for all.
How does GPD grow?
Through both population growth (which becomes required if gov't are addicted to running deficits and piling on debt) and that population growth fostering new businesses.
Gov't can foster and feed that thru infrastructure spending and other things that make business more efficient and thus foster it.
In the early days of countries population growth can come from birth rates supplemented by a small percentage of immigration.
What you see all throughout the US history is waves of immigrants coming in typically as poor 'discards' from their home country being greatly disparaged by the whoever is already here (even if they too immigrated) but eventually over time integrating and contributing to the wealth creation that all then enjoy. Gov't has MORE revenue and thus more money to repeat the cycle of investing in growth.
But at the start these new immigrants come in poor, are a drain on those here for the short term before the economy becomes greater. It truly is an INVESTMENT a country makes for LATTER reward when they bring immigrants in.
As countries mature however the local birth rates tend to plummet. But gov'ts addicted to debt spending will not control it, thus REQUIRING ever higher levels of immigration. The equation does not work otherwise as you cannot pile on debt and at the same time have the economy shrink.
Taking this into Trumpland, this is where he is making his biggest mistake and leading the USA to be yet another bankruptcy on his long ledger of bankruptcies, if he could hold on to the spending power too long.
As Trump is adding Debt at record rates, while also cutting immigration which, while handing the cash to the uber rich and not instead investing it in the things that would foster the next levels of growth in America (Roads, High Speed National Rail, etc) is all a recipe for future disaster.
But he and the uber rich don't care because in the short term he is loading them up with cash and if the US crashes they will be in the best position to buy and profit. Again more short term as the country over all would be collapsing.
Only oligarchs get rich off collapse, average citizens only get rich off GROWTH.
(and my post is not arguing increasing immigration is necessary. A country could generate wealth without it but that necessitates birthrate growth, and without it no runaway deficits and debt)