Junior Ganymede
We endeavor to give satisfaction

Boho Boo-hoo

August 26th, 2010 by G.

America doesn’t have an economic problem. It has a lifestyle problem. It has a demographic problem.

Long-term, the economy is just parents having kids to support them in their old age writ large.

Comments (5)
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August 26th, 2010 13:13:33
5 comments

madera verde
August 26, 2010

But the implication of this article is that the fastest way to solve this problem is immigration. And filtering prospective immigrants for their projected lifetime tax potential.

The slower but surer method – increase two parent family numbers and size would take probably thirty to fourty years to improve the economy..

Alternately we can invest in developing countries with complementary demoprahics curves. But we need to start saving money for this purpose instead of borrowing it – like 15 years ago. It also carries various risks and responsibilities.


Adam G.
August 26, 2010

The slow method is a must either way. The shorter term solutions are the ones you outline.


agellius
August 27, 2010

Humanae vitae vindicated again. ; )


Bookslinger
August 30, 2010

1) prohibit or discourage the immigration of those who drain more than contribute.

2) discourage or tax the transfer of monies by non-citizens across the border. One of the huge multi-billion dollar/year sucking sounds you hear (or don’t hear) are millions of immigrants, legal and illegal, wiring money back to their home countries.


Adam G.
August 31, 2010

Bookslinger,
what do people do with that remittance money back in Mexico or Ghana? They spend it on goods and services. Eventually the dollars make their way up to the large corporations and banks, who either have to buy products from the US or invest the money in the US. They mostly do the latter, so we end up with a ridiculous market for US treasury bonds, a ridiculous market for US mortgages, and upward pressure on US assetts and securities. Its not clear that cutting off the flow would accomplish much, though.

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