Oops! Pardon me for a badly constructed question in my previous post: "So my basic question is: If the illegals - whether they come from Mexico or anywhere else in the world - do not pay their fair share in taxes, why should they get social benefits from our pool? In the same vein, why should the non-British residents in Britain absorb the cost of funding housing, education, healthcare, child support etc to foreigners when they don't contribute to the system? "
What I meant to ask was: In the same vein, why should the British people absorb the cost of funding accommodation, education, healthcare, child support etc to non-tax paying EU residents in the UK? Jim F. On Sun, 22 May 2016 11:52:40 -0400 (EDT), "Jim Fernandes" <amigo...@runbox.com> wrote: > Mervyn, > > You are entitled to your opinion, but when it comes to socio-economic issues, > I would have to say you are very naive. > > I have said this before and I'll say it again - Trade between countries is > great as long as both trading partners gain something from the deal. > Otherwise, the deal can't be a success story. > > Obviously, you haven't been paying attention to what is happening with the US > and China (or UK and China) lately. During their gaga days, one of things the > Chinese did was to go on a rampage building humongous capacity to crank out > steel. Unfortunately for them, the days of comfortably absorbing this steel > in their contruction industry have long been over. > > So what do the Chinese decide to do with their 'extra' steel? > > Instead of shutting their plants and firing their own steel workers, the > Chinese decided to subsidize their steel production and dump this excess > capacity in the UK and US markets on the cheap. Do you have any understanding > what that does to the local steel-workers in their industry? The losses are > mounting in the UK. The Tata conglomerate in the UK which owns a substantial > number of these steel plants is going to shut them down, potentially dealing > a huge blow to the British workers there. > > See here for the UK news on the issue: > http://www.express.co.uk/news/uk/656607/Steelworkers-lose-jobs-Tata-reveals-plans-sell-off-UK-assets > > Well, the Yanks aren't stupid to fall for this. Just in the past couple of > days, President Obama promptly slapped a 500+% tax on Chinese steel imports. > Please explain to me, how this steel business - as executed by the Chinese - > is a good trade between the US and China (OR between UK and China). > > See here for US news on the issue: > http://www.telegraph.co.uk/business/2016/05/18/america-slaps-522pc-trade-duty-on-imports-of-subsidised-chinese/ > > I am a NUMBERs guy. Math is the only language I understand very well. > > We all pay in something called taxes - whether it be Federal, State, City or > whatever else. In return, we get something called government services and > benefits. As an added security, the system is designed to act as a safety net > or a form of insurance - when one goes through hard times, they can collect > benefits to cover at least a few basic expenses. > > This system can only work when everybody contributes to it. If EVERYBODY > decides to NOT pay their taxes, how will they be able to pay out benefits? In > the langauge of math - this is like less money coming in and more money > leaving out the door. By definition, this type of model cannot sustain itself > - It's that simple. > > So my basic question is: If the illegals - whether they come from Mexico or > anywhere else in the world - do not pay their fair share in taxes, why should > they get social benefits from our pool? In the same vein, why should the > non-British residents in Britain absorb the cost of funding housing, > education, healthcare, child support etc to foreigners when they don't > contribute to the system? > > This is just another reason - I am supporting Trump. > > The studies you are referring to, are bogus. > > > Jim Fernandes > Colva / Scardale, NY. > > > > On Sat, 21 May 2016 22:16:19 -0500, Mervyn Lobo <mervyn1...@gmail.com> wrote: > > > On Sat, May 21, 2016 at 12:28 AM, Jim Fernandes wrote: > > > > > Mervyn, > > > > > > I think you are right. I too expect some rough weather ... throw in a > > > possible Trump presidency and you have a perfect recipe for VIX hitting > > > the > > > stratosphere! > > > > > > If the UK votes to exit, I think the markets will see it as a negative. > > > The pound could take a hit and so would the real estate in London and its > > > suburbs. Demand for housing could fall which could mean lower rents or > > > mortgages. But all these issues would all be just a short term blip. On a > > > longer term basis, the Brits will dig themselves out of this one - with > > > little or no damage. > > > > > > If you asked me how I would cast my vote in the UK referendum - assuming I > > > had voting rights there - I would almost certainly vote for the exit. I > > > think there are too many foreign suckers (Goans included) who suck the > > > life > > > out of a generous British benefits system. > > > -------------------------------------- > > > > > > > > > Jim Fernandes, > > We live in an integrated world economy. When China posts economic numbers > > that are below expectations, stock prices for US firms take a tumble. > > > > Every country in the Americas knows that if it is to prosper, it has to get > > into an economic or trade pact with its neighbours. Or die. > > > > Britain is in an economic pact and thinks it will do better going solo. > > Hopefully, there are more sane people in Britain than those mad with the > > system. One thing is sure, the closer the vote is, the more money there is > > to be made short term - betting that the British economy will collapse. If > > Brexit takes place, it will take a generation for Britain to get their > > economy to where they are today. > > > > Foreigners sucking money out of the British system is a popular myth. Some > > Canadians believe that foreigners in Canada are doing the same thing too > > but study after study shows that migrants are actually expanding the > > Canadian economy. > > > > One last thing, one of Trump's most popular stances is that Mexicans are > > coming to the US to rape US citizens and abuse the system. This stance may > > get him enough votes to win the election. In actual fact, more Mexicans are > > leaving the US today than arriving into it. > > > > Mervyn > > PS. If Brexit happens, I really pity the Goan who got his/her hands on a > > Portuguese passport but did not make it to Britain in time.
