Why we want immigrationMarch 9, 2010 Tim WorstallImmigration7 CommentsSomeone\’s got to pay the debt…. previousOn the difference between peak consumption and average consumptionnextPerhaps not le mot juste 7 thoughts on “Why we want immigration” Jask March 9, 2010 at 2:21 pm You don’t think we’ve had enough immigration already then? Maybe you don’t see the problems from Portugal. David March 9, 2010 at 2:24 pm But do all immigrants help with paying off the national debt? I can’t imagine Abu Qatada helps – more the reverse I would guess http://en.wikipedia.org/wiki/Abu_Qatada Deporting him would save money Ian Bennett March 9, 2010 at 2:47 pm Not necessarily immigration, surely; just some growth in population. (Actually, a growth in productive population, relative to parasitical.) A fertility rate of ~2.2 (depending on the debt to GDP ratio) and zero immigration would also suffice. The Remittance Man March 9, 2010 at 2:49 pm As David points out, one needs the right sort of immigrants for this to work*. Wealthy, innovative and productive migrants are fine. Dole scrounging welfare cases are not. *Kindly note I do not subscribe to the BeanPea definition of “right”. The Remittance Man March 9, 2010 at 2:51 pm Then again, the same sort of argument could be applied to the native population. Ooops! I think my thoughts are heading BeanPeawards. vimothy March 9, 2010 at 3:44 pm No, someone does not need to “pay the debt”. When govt liabilities (e.g. gilts) mature, it just replaces them with non-interest bearing liabilities, i.e. cash/reserves. Debit one account and credit another. Simples. Furthermore, it should be obvious that after netting, govt liabilities are public wealth–if you really want to “pay the debt” you effectively want to destroy the private sector’s stock of net financial assets. Serf March 10, 2010 at 11:08 am We could massively increase the productive population without any net immigration. Massively reduce the scope of government, fire all the surplus workers, don’t give any benefits to the work shy, and hey presto, the productive workforce has just jumped in size. Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment.