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Archive for the ‘immigration’ Category

A new congressional study suggests that massive immigration increases in recent decades have hammered middle-class wages. Whether through taking jobs or casting votes, hyper-immigration is revolutionizing the U.S.

We are a nation of immigrants, it is often reflexively said. But it is a little-known fact that our foreign-born population dropped more than 11% in the quarter century after World War II.

Since 1970, however, we have become a nation of hyper-immigration, as the foreign-born among us have exploded from fewer than 10 million to more than 41 million as of 2013 — a staggering 324.5% increase.

If a job cannot be exported, then immigrants are encouraged by business and government leaders to enter the United States to generate greater competition among middle class workers, which lowers wages and benefits. For example, a recent study shows that three out of four high tech workers are unemployed in their areas of expertise, and wages in the high tech sector are the same as during the early 1990s, and yet congressional leaders want to admit more immigrants via the H1-B visa. In this way wages and salaries will continue to stay artificially low, which benefits the 1 percent at the expense of the middle class.

The difference between the old higher wages (what wages should be under normal immigration increases) and the new lower wages with hyper immigration, goes straight into the pockets of the super rich via higher corporate profits, rising dividends and soaring share prices.

The middle class is getting hammered by the loss of millions of jobs that are exported via international agreements falsely marketed as free trade agreements. But the middle and lower classes are also getting hammered by hyper immigration. These two governmental policies are income redistribution scams perpetrated by the leadership of both major political parties and their billionaire and corporate sponsors, such as the Koch Brothers and Warren Buffett.

How badly has immigration and free trade policies been for the middle and lower classes?

“A new analysis from the nonpartisan Congressional Research Service for the Senate Judiciary Committee finds that during this era of free trade and hyper-immigration, incomes of the bottom 90% of Americans flat-lined, then dropped starting in 2000. By comparison, middle-class wages increased between 1945 and 1970.

Last year, Karen Zeigler and Steven Camarota of the Center for Immigration Studies found that, according to federal government data, “since 2000 all of the net gain in the number of working-age (16 to 65) people holding a job has gone to immigrants (legal and illegal).”

In the fourteen plus years since 2000, less than six million net jobs have been created in the United States, and all of them have gone to immigrants. On the other hand, according to the Federal Reserve, 28 million jobs were exported from the USA from 1990 to 2010, and several million more have been exported since 2010.

Salaries, wages and benefits would be going up if the United States had six million less working age immigrants. More significantly, however, US wages would be surging and our tepid economy would be booming if those trade agreements hadn’t been conceived. In both cases, trade agreements and immigration, income and wealth inequality in the USA would not be nearly so significant as it is now.

While so-called international trade agreements are the major cause of the income and wealth inequality of the last thirty-five years, with the 1 percent going from taking 8 percent of all income created in the USA in 1980 to 37 percent today, immigration (legal and illegal) is another, though admittedly lesser, but still significant, culprit in the financial war the super rich are waging against the middle class.

The Trans Pacific Partnership (TPP) is the largest income redistribution scam of all time. It is falsely being marketed as a free trade treaty. The Wall Street wing of the Democratic Party, led by President Obama and Wall Street Senator Ron Wyden, have merged with the Wall Street wing of the Republican Party. The TPP will provide incentives for US corporations to ship millions of US jobs overseas, and drive millions of Latin American immigrants illegally into the United States simultaneously, just like NAFTA did.

That’s why the TPP is another income redistribution scam for the 1 percent.

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The magic of the market of goods and services sets neither the lowest wages nor the highest. The corruption of the government is what sets the highest and lowest wages, as well as everything in between. When the government is subsidizing record corporate profits via welfare to corporate employees year after year it’s a good sign government corruption is behind the low wages, whether it’s anti-union labor legislation, legislation that exports US jobs, or immigration policies that lower the wages of US workers whose jobs cannot be exported. This is called income redistribution from the 99 to the 1 percetn. The government has rigged the economic and political games against the 99 percent on behalf of the 0.01 percent.

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The top two percent do not pay any social security taxes on any amount of income they earn over $110,000. That’s called a cap on contributions. So a person who earns $110,000 a year pays the exact same amount in social security taxes as people who earn $4 billion a year. Currently, the 1 percent steal over 36 percent of the total income produced in the United States, up from 21 percent in 2009, and 8 percent in 1980. The 1 percent are stealing more of your income via federal legislation, such as Fast Track, free trade agreements, privatization scams, and tax cuts for the rich. the-rigged-game-how-much-do-us-corporations-pay-in-taxes?-well-now-how-much-did-bank-of-america-pay-in-taxes-in-2013-on-profits-of-over-4-billion-in-profits?-and-what-does-fast-track-legislation have to do with this?–JohnHively.wordpress.com

To make the social security trust fund more solvent, and it’s pretty solvent right now, the obvious initial thing to do in order to by-pass the government corruption that has brought about this lopsided and non-market related redistribution of income over the last thirty years is to eliminate the cap on social security tax payments. Let Warren Buffett and the Koch Brothers pay their fair share.

The social security trust fund has a surplus of $2.6 trillion that earns nearly $200 billion a year in revenue. Those figures would go way up if the cap were eliminated. If the 1 percent were stealing only 8 percent of the nation’s income, the surplus would be closer to $4 trillion, and collecting $350 billion a year in interest payments.

Obviously, under current circumstances, as income continues to be redistributed to the 1 percent from the 99 percent, less and less money is paid into the social security trust fund because of the cap. This will bring about the program’s insolvency by roughly the year 2042. Some estimates are 2035 or so. In other words, rising inequality brought about by government policies is jeopardizing the social security program.

President Obama and Wall Street Senator’s Ron Wyden, Orrin Hatch and Mitch McConnell want to ensure you and your grandparents live in utter, abject poverty so that the rich can continue to steal more of your grandparents money because they support the Trans Pacific Partnership (TPP), the largest and most sinister international income and political power redistribution scam in the history of the United States, which is falsely labeled a free trade agreement, and which has virtually nothing to do with trade. See the link above for more information of this.

See the link below for more information of the effect of government sponsored inequality on the social security trust fund.

The Effect of Rising Inequality on Social Security–Center for American Progress

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There is a simple reason major US corporations have one of the highest tax rates in the world, and yet, they often pay no taxes, and they often receive billions of dollars in tax rebates from the government on taxes they never paid, as in the case of Bank of America in 2013.

1. By having a large tax rate on paper, the US media propaganda machine, representatives of US corporations, their lobbyists, and their US politicians can argue US corporations have the largest tax liability in the world, and then they will manipulate this lie to generate public support for changes to the corporate tax laws to lower their tax liabilities, which means US corporations will then receive larger tax rebates on taxes they never paid in the future.

2. US corporations enhance their profits with the rebates, which redistributes income from tax payers, i.e. the 99 percent, to the 1 percent. The 99 percent receive less government services by this redistribution, and the 1 percent receive more income. Taxes, coincidentally, are higher on working folks because somebody has to make up the difference between what the government should have in tax revenues, and what the government gives out in tax rebates to the rich. It should be pointed out that any tax rebates on taxes that aren’t even paid is called welfare for the 99 percent, and tax rebates for the 1 percent.

3. The importance of the rebates are massive for publicly traded limited liability corporations, such as Bank of America. The rebate in 2013 increased the bank’s profits by almost 50 percent. That fueled profits to the tune of $1.9 billion in this case, which provided enhanced dividends, as well as surging stock prices to shareholders, and bonuses to important bank officers.

4. Much of those profits, whether actual profits ($4.4 billion), or tax rebates ($1.9 billion), provides more money for Bank of America to purchase politicians of both major political parties, which fuels legislation that further redistributes income from the 99 to the 1 percent, which will then provide more tax rebates at your expense to Bank of America.

5. Fast Track is a current case in point. Fast Track is legislation pending in congress that will turn over congressional international trade authority to the president of the United States, which is something congressional Wall Street Republicans want to do despite their campaign against President Obama’s imperial presidency, which is, coincidentally, something the Republicans have allowed the presidency to become. That’s because the Wall Street wing of the Republican Party (Orrin Hatch, Mitch McConnell, Paul Ryan, John Boehner, etc….) and the Wall Street wing of the Democratic Party (Ron Wyden, Nancy Pelosi, Barack Obama, etc…) are allies when it comes to working on behalf of Wall Street, and against the interests of the American people.

6. Fast Track will limit debate, not allow for any amendments to the looming international income and political redistribution agreement called the Trans-Pacific Partnership (TPP), and will not allow any filibuster of this income redistribution scam in the senate. In that way, the public will have less time to be informed of the scheme in congress, and it can pass with 50 votes in the senate, since no filibuster will be allowed, and in case of a tie, Vice President Joe Biden will make the decisive vote in favor of TPP. In other words, senators like Bernie Sanders, Elizabeth Warren, Jeff Merkley, Sharrod Brown, David Vitter etc…. will be unable to filibuster the TPP.

7. We know from leaked documents the TPP is a massive income redistribution scam. The TPP has almost nothing to do with international trade. We know that;

* TPP will give incentives for US corporations to export millions of US jobs. The Federal Reserve estimates that 28 million US jobs were exported between 1990 and 2010.

* TPP will increase US income and wealth inequality. The 1 percent have already taken 95 percent of all income growth in the United States since 2009. Currently, the 1 percent are stealing 36+ percent of all income produced in the USA, compared to only 8 percent in 1980. International trade scams and other federal legislation have brought inequality about. For example, when the above jobs were exported, the difference between the old higher US wages and the new lower wages will go straight into the pockets of the 1 percent via higher corporate profits, rising dividends and surging share prices.

* Those lost jobs will no longer be paying the taxes for our infrastructure, social safety nets, schools, fire and police, but those lost jobs will push the stock markets higher.

* TPP will effectively eliminate your voting rights on local and state issues since it will unconstitutionally grant investors of the 0.01 percent special privileges to challenge labeling and health and safety local laws and regulations of the 99 percent, which most people call voter suppression, but in this case it should be called voter elimination,

* TPP will offer new monopolies for Big Pharma to raise medicine prices they charge you (which redistributes income from the 99 to the 1 percent),

* TPP will limit food safety standards (which redistributes and transforms your health into the profits of the 1 percent),

* TPP will block financial regulations aimed at preventing the next financial crisis (which will make it easier for Wall Street to redistribute your income and wealth to the 1 percent). Bank of America Stands to Gain From This. The bank will be able to steal more money from you with less regulations, which will increase its profits, dividends and share prices, not to mention CEO bonuses. Bank of America is also spending millions of dollars on lobbyists in support of Fast Track and TPP.

* TPP will destroy millions of jobs in Latin America (230,000 in the textile industry of El Salvador alone) forcing millions of undocumented immigrants into the United States.

* The result of the above will be to depress wages in both North and South America, all to the benefit of the 1 percent, and all at the expense of the 99 percent.

* And we can’t forget that TPP will increase the already massive US trade deficit with other nations, which is supposed to be a bad thing. The exported jobs will be producing goods overseas rather than here, and then US corporations will export their products from China and Vietnam into the United States, exacerbating the current trade deficit.

In other words, the TPP has almost nothing to do with trade. It’s about taking away your money, your voting rights, and giving them to the 1 percent.

TPP, in other words, is designed to put more of your money in the hands of the 1 percent, and this money will be used to corrupt government even more while impoverishing you, and redistributing your future and the future of your children to the 1 percent.

You can rest assured, if Fast Track passes, and the TPP passes with it, profits, as well as the tax rebates Bank of America receives, will become greater, and at your expense.

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President Obama is now fighting against his own party, by allying himself with the corporate wing of the Republican Party, in his fight to destroy the American middle class. The president does have a few Democratic allies, such as Wall Street Senator Ron Wyden, the only US senator ever called a “useful idiot” by a Nobel Prize economist.

The president is waging war against the middle class with an Income and Political Power Redistribution Scam that he falsely labels a free trade agreement, called the Trans Pacific Partnership (TPP). The president has made certain the TPP is the most secretive scheme ever called a free trade agreement in US history.

This month, President Obama and the corporate Republican Party leaders are going to push for legislation called Fast Track. They are opposed by progressive Democrats and Tea Party Republicans. See Left and Right United–New York Times.

If passed, Fast Track will allow only limited debate, no amendments, and no filibuster in the senate on the Trans Pacific Partnership. The key is most likely the filibuster. The TPP will export millions of US jobs, redistribute massive amounts of income from the 99 to the 1 percent in the process, eliminate your voting rights on health, safety and labeling issues on the state and local levels, and lots more, and none of it good for you or the environment. That’s only a few things we know about the agreement because it is the most secretive trade agreement in US history. Call your congressional representatives and tell them to represent you in the issue of Fast Track. Tell them to vote no. You can discover your US house and senate representatives and their numbers at ContactingtheCongress.org .

We know from leaked documents the TPP is a massive income redistribution scam. We know that;

* TPP will give incentives for US corporations to export millions of US jobs. The Federal Reserve estimates that 28 million US jobs were exported between 1990 and 2010.

* TPP will increase US income and wealth inequality. The 1 percent have already taken 95 percent of all income growth in the United States since 2009. Currently, the 1 percent are stealing 36+ percent of all income produced in the USA. When the above jobs were exported, the difference between the old higher US wages and the new lower wages will go straight into the pockets of the 1 percent via higher corporate profits, rising dividends and surging share prices.

* Those lost jobs will no longer be paying the taxes for our infrastructure, social safety nets, schools, fire and police, but those lost jobs will push the stock markets higher.

* TPP will effectively eliminate your voting rights on local and state issues since it will unconstitutionally grant investors of the 0.01 percent special privileges to challenge labeling and health and safety local laws and regulations of the 99 percent, which most people call voter suppression, but in this case it should be called voter elimination,

* TPP will offer new monopolies for Big Pharma to raise medicine prices they charge you (which redistributes income from the 99 to the 1 percent),

* TPP will limit food safety standards (which redistributes and transforms your health into the profits of the 1 percent),

* TPP will block financial regulations aimed at preventing the next financial crisis (which will make it easier for Wall Street to redistribute your income and wealth to the 1 percent).

* TPP will destroy millions of jobs in Latin America (230,000 in the textile industry of El Salvador alone) forcing millions of undocumented immigrants into the United States.

* The result of the above will be to depress wages in both North and South America, all to the benefit of the 1 percent, and all at the expense of the 99 percent.

* And we can’t forget that TPP will increase the already massive US trade deficit with other nations, which is supposed to be a bad thing. The exported jobs will be producing goods overseas rather than here, and then US corporations will export their products from China and Vietnam into the United States, exacerbating the current trade deficit.

In other words, the TPP has almost nothing to do with trade. It’s about taking away your money, your voting rights, and giving them to the 1 percent.

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From USA Today

“Business executives and politicians endlessly complain that there is a “shortage” of qualified Americans and that the U.S. must admit more high-skilled guest workers to fill jobs in STEM fields: science, technology, engineering and math. This claim is echoed by everyone from President Obama and Rupert Murdoch to Mark Zuckerberg and Bill Gates.

Yet within the past month, two odd things occurred: the US Census Bureau reported that only one in four STEM degree holders is in a STEM job, and Microsoft announced plans to downsize its workforce by 18,000 jobs. Even so, the United States House of Representatives is considering legislation that, like the Senate immigration bill before it, would increase to unprecedented levels the supply of high-skill guest workers and automatic green cards to foreign STEM students.

As longtime researchers of the STEM workforce and immigration who have separately done in-depth analyses on these issues, and having no self-interest in the outcomes of the legislative debate, we feel compelled to report that none of us has been able to find any credible evidence to support the IT industry’s assertions of labor shortages.”

In other words, the shortage of US high tech workers is a big lie perpetrated by business leaders, President Obama, Republican Party lawmakers, and many Democratic lawmakers. Keeping wages, salaries and benefit packages low by importing the foreign high tech workers into a market in which only one of four highly qualified US citizens can find a job is nothing short of criminal, but it keeps labor costs down and corporate profits and share prices up. The labor market, in other words, is being manipulated to the benefit of the 1 percent.

Apparently, that’s what the US government is supposed to do. That’s the job of politicians: keep wages, salaries and benefits low by keeping an excess supply of labor flowing into the US job market. Who are these politicians working for? The Koch Brothers and Bill Gates or us? Okay, they work for the rich guys, and to hell with us.

Why would they do this?

According to USA Today, “It is well documented that loopholes enable firms to legally pay H-1Bs below their market value and to continue the widespread age discrimination acknowledged by many in the tech industry.”

That’s why companies are exploiting the large existing flow of guest workers to deny American workers access to STEM careers and the middle-class security that should come with them. Imagine how many more Americans would be frozen out of the middle class if politicians and tech moguls succeed in doubling or tripling the flow of guest workers into STEM occupations.

Click the link below for more on this story from USA Today.

Bill Gates Tech Workers Fantasy–USA Today

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The 1 percent stole about 21 percent of all income produced in the United States in 2009, up from about 8 percent back in 1980. Now the 1 percent are stealing 36.6 percent of all income growth through the third quarter of 2014.

The economic game has been rigged even more by the 0.01 percent via legislation since 2009. Academic studies show that 95 percent of all income since 2009 have gone into the already fat wallets of the 1 percent.

Some simple math shows some interesting things.

According to the US Bureau of Economic Analysis, Americans earned a little over $12 trillion of income in 2009. All studies showed the 1 percent were stealing about 21 percent of that total, or about $2.5 trillion of that.

The total income produced by the people of the United States increased to more than $15.2 trillion in 2014.

Take that $15.2 trillion and subtract the $12 trillion produced in 2009. That’s $3.2 trillion. The 1 percent have used legislation to steal 95 percent of that $3.2 trillion, which means they’re stealing more than $3 trillion of that growth.

Now simply add the original 21 percent from 2009, which equals $2.5 trillion, and add the $3 trillion the 1 percent have been getting since 2009.

$2.5 trillion
+ $3.0 trillion

equals

$5.5 trillion going to the 1 percent

That’s out of the $15.2 trillion of total income produced by everybody and every business in the United States. In other words, roughly 36.67 percent of total national income goes to the 1 percent, compared to 8 percent thirty-four years ago.

This inequality is why demand for goods and services are so weak, which is why the economy is so historically weak. The 99 percent has considerably less money to spend on goods and services.

President Obama, along with Wall Street Senators Ron Wyden, Orrin Hatch and Mitch McConnell want to give even more of the national income to the 1 percent via the Trans-Pacific Partnership (TPP), the largest income redistribution scam in US history.

Among other things, the TPP will:

* give incentives for US corporations to export millions of US jobs. The Federal Reserve estimates that 28 million US jobs were exported between 1990 and 2010.

* increase US income and wealth inequality. The 1 percent have already taken 95 percent of all income growth in the United States since 2009. When the above jobs were exported, the difference between the old higher US wages and the new lower wages will go straight into the pockets of the 1 percent via higher corporate profits, rising dividends and surging share prices.

* Those lost jobs will no longer be paying the taxes for our infrastructure, social safety nets, schools, fire and police, but those lost jobs will push the stock markets higher.

* TPP will effectively eliminate your voting rights on local and state issues since it will unconstitutionally grant investors of the 0.01 percent special privileges to challenge labeling and health and safety local laws and regulations of the 99 percent, which most people call voter suppression, but in this case it should be called voter elimination,

* TPP will offer new monopolies for Big Pharma to raise medicine prices they charge you (which redistributes income from the 99 to the 1 percent),

* TPP will limit food safety standards (which redistributes and transforms your health into the profits of the 1 percent),

* TPP will block financial regulations aimed at preventing the next financial crisis (which will make it easier for Wall Street to redistribute your income and wealth to the 1 percent).

* TPP will destroy millions of jobs in Latin America (230,000 in the textile industry of El Salvador alone) forcing millions of undocumented immigrants into the United States.

* The result of the above will be to depress wages in both North and South America, all to the benefit of the 1 percent, and all at the expense of the 99 percent.

* And we can’t forget that TPP will increase the already massive US trade deficit with other nations, which is supposed to be a bad thing. The exported jobs will be producing goods overseas rather than here, and then US corporations will export their products from China and Vietnam into the United States, exacerbating the current trade deficit.

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