Thursday, February 24, 2011

A independent California gains much more from immigrants

Brian Caplan promotes immigration for California. Lets look at the chart Brian posts from an NBER study:

Younger immigrants help California, great news.  Now, remove the Federal premium California pays for the DC Delusionals.  The gain from immmigrants go up, California tax income rising by 4-5%, an increase that puts our budget into the black and gets California out of the depreession.

What about our part of the $15 trillion in DC debt?  Well, California would likely get a fairly good deal in negotiations, since we hold a good chunk of potential debt service costs. Ignorant bond holders will need to take a haircut, of course, another bonus. California could take many of the Western states with us, the scale gains from independence multiply.   Under that scenario, then fine, let the immigrants role in.

A West Coast move toward independence starts with a California default, we need to go on stike within the current DC dominated system. 

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