Short-Sighted "Investors"

I caught a portion of some investing show this morning on Fox News. They were debating the effect of illegal immigration on the stock market. One commentator, Jonathan Hoenig, was claiming to give investing advice, but was being incredibly closed-minded, ignorant, or just very, very short-sided.

He was supporting illegal immigration. He wanted, literally, as many illegal immigrants as he could get into the US to clean his yard. He claimed that no one had any right to stop them because HE wanted them to mow his lawn.

He then tried to explain how "good" illegals were for companies and investors, by claiming that they were "cheap" labor and that labor costs had been kept down because of the illegals. He claimed that companies were spending less money and keeping profits up by using illegals -- and therefore they were good for the country.

Of course, what Mr. Hoenig left out, as many do who support the criminal invasion from Mexico, is the COSTS these people bring with them. When a family with 2 kids and a pregnant wife comes over so the male head of household can supply "cheap labor" so businesses can make money, that costs EVERYONE ELSE, and yes, even the businesses, in higher taxes to pay for them!

Illegals cost over $500 BILLION in taxpayer outlays in the form of medical services, medicare payout, section 8 housing, aid to dependent families, educational services, and plenty more. They are NOT helping our economy. They are NOT helping businesses, except in the VERY short term.

Please understand all the finances at work here before you support the criminal invasion because of "cheap labor" -- it's NOT cheap, it costs MORE in the long run because of the higher taxes needed to PAY for all the government services that are given away. Remove all the government handouts, and we'll talk about importing cheap labor -- if they're still interested in coming.

Posted by: Ogre at 04:05 PM

Comments

1 Hoenig is right. It is a question of liberty and the american dream. you Don't get it.

Posted by: Justin Hale at April 03, 2006 07:31 PM (iUeJ/)

2 So you're saying that it is perfectly okay for a business to cause individuals to pay higher taxes to support those businesses so the business can make more money (with which they will pay more taxes)?

Posted by: Ogre at April 03, 2006 07:42 PM (/k+l4)

3 Don't forget, Hoenig and his business friends are unlikely to PAY those costs. Taxes are for people without loopholes.
So, yes, from HIS point of view, lots and lots of cheap labor is great.
I also imagine Mr. Hoenig lives in a gated community, which allows his lawn care crew in for only an hour or two at a time.

Posted by: The Small Town Hick at April 03, 2006 11:09 PM (ZINSp)

4 But even the business has to pay those higher taxes -- that's what I mean about him being short-sighted -- if a business saves $100 in labor costs, they might end up paying $150 in increased taxes.

I suppose his position is that he'll pass that $150 on to the consumer, while pocketing the $100, however...

Posted by: Ogre at April 04, 2006 12:30 AM (2eMZT)

5 Of course, we must remember that the folks who champion the cause of criminal aliens are mostly Democrats, which means that your tax argument carries no weight with them -- it's just another "great" reason to raise taxes.

What's rich is that these same stalwart foes of corporate America are using cheap labor as an argument for breaking the law and hiring these people.

Man, the Mad Hatter would feel right at home in our present political system!

Posted by: Seth at April 04, 2006 11:57 AM (asX5a)

6 Good comparison! It's true -- the Mad Hatter would indeed be completely at home in this nightmare.

Posted by: Ogre at April 04, 2006 12:00 PM (/k+l4)






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