Saturday, November 6, 2010

Who Pays For the Looting of America By Wall St. & Mexico?

AMERICA… owned and operated by and for billionaires… THE LAND WHERE JOBS GO TO ILLEGALS SO WAGES ARE DEPRESSED!
Then the bills for Wall St.’s looting and the Mexican welfare state go to the American middle class who will be paying for the banksters rape and pillage for generations to come!
Banksters’ profits, bonuses are up! So are foreclosures and welfare for illegals!
*
latimes.com
Opinion
California must stem the flow of illegal immigrants
The state should go after employers who hire them, curb taxpayer-funded benefits, deploy the National Guard to help the feds at the border and penalize 'sanctuary' cities.

Illegal immigration is another matter entirely. With the state budget in tatters, millions of residents out of work and a state prison system strained by massive overcrowding, California simply cannot continue to ignore the strain that illegal immigration puts on our budget and economy. Illegal aliens cost taxpayers in our state billions of dollars each year. As economist Philip J. Romero concluded in a 2007 study, "illegal immigrants impose a 'tax' on legal California residents in the tens of billions of dollars."

*

US tax data shows falling wages, rising inequality
By Andre Damon and Tom Eley
6 November 2010
Average annual wages for US workers fell by $457 in 2009 and the median annual wage fell by $247 to $26,261, according to recently updated data from the Social Security Administration (SSA).
Meanwhile, the incomes of the top-earning corporate executives barely budged in 2009. The pay of the handful of individuals making over $50 million fell by about 7 percent 2009, despite the fact that stocks fell in value by 40 percent, demolishing the claim that executive bonuses are tied to corporate “performance.”
Last year, in the midst of 10 percent unemployment, a relative handful of Americans lived as royalty. In 2009 there were 3,689 individuals who made between $5 million and $10 million, and 1,618 who made $10 million or more, including 425 who made $20 million, and 72 who brought in $50 million or more
These 5,307 tax filers, equivalent to the population of a small town, together took home about $57.62 billion in 2009, about $8 billion more than the bottom 24 million households filing taxes, and a staggering 10 percent of all income earned in the US.
Behind this financial aristocracy are another 72,000 or so individuals and households that reported income of more than $1 million in 2009, and then another 1,611,000 who took home more than $200,000. These top three categories, only 1.7 million tax filers—the top 0.8 percent of those reporting income—cornered about 27 percent of all income, more than combined income of the bottom 100 million or so households, those making less than $40,000.
If anything, this portrait underestimates social inequality in the US, as the data addresses only earnings, and not accumulated wealth.
The sharp decline in wages in 2009 marks an intensification of a longer-term trend of growing social inequality. Adjusted for inflation, the median income in 2009 was $167 less than it was in 2001. The same nine years has been a bonanza for the extremely wealthy. In 1990, there were 739 people making over $5 million per year. By 2009 that figure had increased more than sevenfold, to 5,307.
The SSA data corroborates a recent study by economists Thomas Piketty and Emmanuel Saez, which found that two thirds of the total national increase in personal income between 2002 and 2007 went to the wealthiest 1 percent of society.
Significantly, the SSA data suggests that the official unemployment rate, currently at 9.6 percent, grossly underestimates joblessness. Between 2008 and 2009 the total number of wage earners fell by 4.5 million, from 155,434,562 to 150,917,733. But for the same period the Labor Department counted 2.6 million job losses.
The figures were first reported by David Cay Johnston, the Pulitzer Prize-winning former New York Times writer, on tax.com, the website of the nonprofit group Tax Analysts. Commenting on the data, Johnston pointed out the connection between the vast growth of social inequality over the past several years and policies that directly favor the wealthy. In previous writings, Johnston has pointed to the clear connection between the precipitous drop in the effective tax rate for the wealthiest 400 US families, and the concurrent tripling of their wealth between 1994 and 2007.
Last year’s sharp fall in wages is the outcome of an ongoing campaign of restructuring and wage-cutting by US corporations, which dumped millions of workers from their payrolls while forcing those remaining to work harder for less. The Obama administration spearheaded this drive with the forced bankruptcy and restructuring of General Motors and Chrysler, which included a 50 percent wage cut for newly hired auto workers.
The trend continues. The Bureau of Labor Statistics this week reported that worker productivity surged in the second quarter, even as labor costs continued to decline.
*
The danger, as Washington Post economics columnist Robert Samuelson argues, is that of “importing poverty” in the form of a new underclass—a permanent group of working poor.
*
“THE AMNESTY ALONE WILL BE THE LARGEST EXPANSION OF THE WELFARE SYSTEM IN THE LAST 25 YEARS”…. Heritage Foundation
"The amnesty alone will be the largest expansion of the welfare system in the last 25 years," says Robert Rector, a senior analyst at the Heritage Foundation, and a witness at a House Judiciary Committee field hearing in San Diego Aug. 2. "Welfare costs will begin to hit their peak around 2021, because there are delays in citizenship. The very narrow time horizon [the CBO is] using is misleading," he adds. "If even a small fraction of those who come into the country stay and get on Medicaid, you're looking at costs of $20 billion or $30 billion per year."
(SOCIAL SERVICES TO ILLEGALS IN CALIFORNIA ALONE ARE NOT UP TO $20 BILLION PER YEAR. WELFARE FOR ILLEGALS IN NEVADA, NOW 25% ILLEGAL, IS SOARING!)

*
The danger, as Washington Post economics columnist Robert Samuelson argues, is that of “importing poverty” in the form of a new underclass—a permanent group of working poor.
*
FAIRUS.org
U.S. Taxpayers Spend $113 Billion Annually on Illegal Aliens
America has never been able to afford the costs of illegal immigration. With rising unemployment and skyrocketing deficits, federal and state lawmakers are now facing the results of failed policies. A new, groundbreaking report from FAIR, The Fiscal Burden of Illegal Immigration on U.S. Taxpayers, takes a comprehensive look at the estimated fiscal costs resulting from federal, state and local expenditures on illegal aliens and their U.S.-born children.
Expanding upon the series of state studies done in the past, FAIR has estimated the annual cost of illegal immigration to be $113 billion, with much of the cost — $84.2 billon — coming at the state and local level.

*
THE CHRISTIAN SCIENCE MONITOR CHARACTERIZES MEXICO AS THE “MEXICAN GANG CAPITAL OF AMERICA”. THERE ARE MORE MURDERS COMMITTED BY
The danger, as Washington Post economics columnist Robert Samuelson argues, is that of “importing poverty” in the form of a new underclass—a permanent group of working poor.
*
Subject: From the L.A. Times Newspaper

1. 40% of all workers in L. A. County (L. A. County has 10 million people) are working for cash and not paying taxes. This was because they are predominantly illegal immigrants, working without a green card.
*
2. 95% of warrants for murder in Los Angeles are for illegal aliens.
*
3. 75% of people on the most wanted list in Los Angeles are illegal aliens.
*
4. Over 2/3's of all births in Los Angeles County are to illegal alien Mexicans on Medi-Cal whose births were paid for by taxpayers.
*
5. Nearly 25% of all inmates in California detention centers are Mexican nationals here illegally.
*
6. Over 300,000 illegal aliens in Los Angeles County are living in garages.
*
7. The FBI reports half of all gang members in Los Angeles are most likely illegal aliens from south of the border.
*
8. Nearly 60% of all occupants of HUD properties are illegal.
*
9. 21 radio stations in L. A. are Spanish speaking.
*
10. In L. A. County 5.1 million people speak English. 3.9 million speak Spanish (10.2 million people in L. A. County).

(All 10 from the Los Angeles Times) Less than 2% of illegal aliens are picking our crops but 29% are on welfare. Over 70% of the United States annual population growth (and over 90% of California, Florida, and New York) results from immigration. Add to this TWO BILLION dollars of Los Angeles County is sent to Mexico untaxed.
*
The danger, as Washington Post economics columnist Robert Samuelson argues, is that of “importing poverty” in the form of a new underclass—a permanent group of working poor.

*
THE DILEMMA WITH THE MEXICAN INVASION IS THAT MEXICANS LOATHE LITERACY, AND LOATHE ENGLISH! THEY GRADUATE FROM HIGH SCHOOL WITH A SECOND GRADE READING ABILITY!
The most insightful study remains one done by the National Research Council in 1997. It gauged federal, state and local fiscal costs and contributions over the lifetime of an immigrant in 1996 dollars. Citizen children were included.
The study found that an immigrant high school dropout -- which characterizes nearly half of today's unauthorized people -- received $89,000 more in services than he paid in taxes in his life. But an immigrant with at least some college -- a quarter of today's unauthorized -- gave $105,000 more than he got. For the high school graduates left, those who arrived during their teens or earlier were slightly profitable for the government, while the children of those who arrived later paid off the small deficit of their parents.
STAGGERING COST OF ILLEGALS ALIENS IN AMERICA

Aliens In America
Taxpayers Taken To The Cleaners
By Frosty Wooldridge
4-10-8

Illegal alien migration into the United States costs American taxpayers $346 billion annually reported by the National Research Council. While employers of illegal aliens rake-in billions of dollars, the US citizens subsidize what may be called organized "Slavery in 21st Century America."

While Congress facilitates outsourcing, insourcing and offshoring of American jobs by the thousands weekly, that same Congress imports 182,000 legal immigrant monthly who need jobs. Another estimated 100,000 illegal aliens arrive each month without jobs. All those immigrants seize jobs from American citizens at slave wages.

What happens to the American taxpayer?

"Immigrants are poorer, pay less tax, and are more likely to receive public benefits than American citizens," said Edwin Rubenstein, reporting on the National Research Council's new book: "The New Americans: Economic, Demographics and Fiscal Effects of Immigration." The Social Contract Winter 2007-08. www.thesoicalcontract.com
*

THE ENTIRE REASON THE BORDERS ARE LEFT OPEN IS TO CUT WAGES!
*

The danger, as Washington Post economics columnist Robert Samuelson argues, is that of “importing poverty” in the form of a new underclass—a permanent group of working poor.

*

“We could cut unemployment in half simply by reclaiming the jobs taken by illegal workers,” said Representative Lamar Smith of Texas, co-chairman of the Reclaim American Jobs Caucus. “President Obama is on the wrong side of the American people on immigration. The president should support policies that help citizens and legal immigrants find the jobs they need and deserve rather than fail to enforce immigration laws.”
*
“Obama’s rejection of any serious jobs program is part of a conscious class war policy. Two years after the financial crisis and the multi-trillion dollar bailout of the banks, the administration is spearheading a campaign by corporations to sharply increase the exploitation of the working class, using the “new normal” of mass unemployment to force workers to accept lower wages, longer hours, and more brutal working conditions.” WSWS.ORG
*
“The principal beneficiaries of our current immigration policy are affluent Americans who hire immigrants at substandard wages for low-end work. Harvard economist George Borjas estimates that American workers lose $190 billion annually in depressed wages caused by the constant flooding of the labor market at the low-wage end.” Christian Science Monitor
MOST OF THE FORTUNE 500 ARE GENEROUS DONORS TO LA RAZA – THE MEXICAN FASCIST POLITICAL PARTY. THESE FIGURES ARE DATED. CNN CALCULATES THAT WAGES ARE DEPRESSED $300 - $400 BILLION PER YEAR!
*
MEXICANOCCUPATION.blogspot.com

No comments: