Here’s an idea
As long as wealthy elites continue to call for more immigration, so they can continue to reap the enormous benefits of cheap labor…
…perhaps we should then raise the taxes of the top earners back to Eisenhower-era levels, when the top tax bracket was 90%. The idea being that if they keep artificially expanding the labor pool by importing more people to compete with American workers here, and keep pushing jobs offshore so that Americans need to compete with workers abroad, then they can contribute more of the wealth this brings them. They are pushing the problem, they should pay for it. As usual, most of the post-recessionary growth has benefited the top earners:
The economists Emmanuel Saez and Thomas Piketty have found that ninety-three per cent of the gains during the 2009-10 recovery went to the top one per cent of earners. Those seated around the table at dinner with Al Gore had done even better: the top 0.01 per cent captured thirty-seven per cent of the total recovery pie, with a rebound in their incomes of more than twenty per cent, which amounted to an additional $4.2 million each.
Make no mistake, neither presidential candidate wants to address the issue of immigration (I would further add that Romney’s conservative stances, against contraception and perhaps abortion as well, will only serve to accelerate the dysgenic trends in the population). It would seem that, with the way our political system works, it’s hard to get through policies that don’t benefit the wealthiest. Immigration does. Low taxes do as well. This of course means these things have little to no chance of actually changing, unfortunately.
In the mean time, this logic prevails.