"For those against immigration, then tell us allhow you intend...

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LeftyPenko

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29/05/22

19:45

Post #: 61690322
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Originally posted by moorookamick: ↑

"For too long the economic contributionof migration to Australia has been significantly undervalued.This report documents the first comprehensive analysis in almost a decade of the impact o fmigration on our key economic indicators and the verdict is conclusive: migration is central toAustralia’s future prosperity.Australia’s projected population will be 38 million by 2050 and migration will be contributing$1,625 billion (1.6 trillion) to Australia’s GDP.Moreover, migration will have added 15.7 per cent to our workforce participation rate 21.9 per cent to after tax real wages for lowskilled workers 5.9 per cent in GDP per capita growth Overall, by 2050, each individual migrant will on average be contributing approximately 10 per cent more to Australia’s economy than existing residents." (source: mca.com.au)
For those against immigration, then tell us all
how you intend to grow the economy at a rate
well over that of inflation, pay down $1.5 Trillion
of combined Governments' debt & spend $300
Billion over the next 5 years arming Aus to meet
extrenal sovereign threats.

At present our combined Governments' interest only
on debt is $52 Billion P/A #(more than our current defence budget)
with the prospect of that being over $100 Billion P/A by 2025
due to forecasted interest rates increases.

So the question is: If we stop immigration tomorrow, how much
more tax are you willing to pay?

To pay out current interest, that would have to be 10% more tax
now and 20% more by 2015.

The alternative is to grow our economy (GDP) and traditionally
that has been done , in part, by immigration.

For those who dream about the reintroduction of The White Australia
Policy , forget it. We have moved on since the 1950s and out economic growth reflects
that.

#.......10 year Aus Bond rate now 3.5% with the prospect of that doubling
over the next 3 years

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"For those against immigration, then tell us allhow you intend to grow the economy at a ratewell over that of inflation, pay down $1.5 Trillionof combined Governments' debt & spend $300Billion over the next 5 years arming Aus to meetextrenal sovereign threats."

Clearly not with illegal (students) & mass immigration! It obviously hasn't done anything to pay down the debt; on the contrary! Why are you worried about "external" threats when so many Chinese aligned to the CCP are already here on a fraudulent basis?

If you want a solution, let's start by removing the idiots that want to bring the 3rd world & can't see the obvious corruption and decay that comes with it!
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