The usual rubbish below. Because they usually work at the bottom end of the labor market, very few Hispanics would have to pay tax even if they wanted to. So saying that they are important as a source of tax revenue, now or in the future, is a lie and a fraud. Approximately 95% of American tax revenue comes from people of ABOVE average income and very few Hispanics are going to move into that bracket any time soon.

Australia has just put its official retiring age up from 65 to 67 and that is how America also will cope with its aging population in due course. And with the drain of providing medical and education services to illegals, the age in America might even have to rise to 70

Reports released by the Social Security and Medicare Boards of Trustees this week have re-focused public attention on the deteriorating financial condition of the nation’s main health and retirement programs. These reports underscore not only the severity of the current recession, but also the demographic crisis confronting the nation as the native-born population ages. The coming wave of retiring Baby Boomers reminds us of the increasingly important role that immigrants play in the U.S. economy as taxpayers, workers, consumers, and homebuyers.

In an IPC report, demographer Dowell Myers of the University of Southern California has succinctly analyzed this looming demographic crisis and the role that immigration can play in overcoming it:

* Over the next 20 years, the number of senior citizens relative to the number of working-age Americans will increase by 67 percent.

* This means that more and more retirees “will transition from being net taxpayers to net recipients of health and pension benefits, and they will be supported by a smaller workforce that is struggling to meet its own needs.”

* These “mass retirements” will not only strain the Social Security and Medicare programs, but will also drive labor-force growth “perilously low – perhaps below zero in many states – which will depress economic growth as a whole.”

Moreover, “seniors are also net home sellers, and accordingly, there will be 67 percent more people in the selling ages relative to the younger adults who are likely to be buyers. Thus the mass sell-off launched by aging poses a great hazard for all home sellers and their home values in the two decades ahead.”

The aging of the native-born population will leave the U.S. economy short on workers and taxpayers just when more workers and taxpayers are needed to support the increasing number of retiring Baby Boomers. Immigrants can help fill this gap. And, as the IPC points out in a recent compilation of economic data, sensible immigration reform would maximize the economic contributions of immigrants, which will shore up not only Social Security and Medicare, but the U.S. tax base and the U.S. workforce as well.

SOURCE

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