SHADOW STATS’ John Williams: LEGAL Immigration’s Annual Net Fiscal Cost Is $330 Billion–Etc.!

John Williams of Shadow Government Statistics is a name to conjure with in the investment industry, and I’ve always regretted that I didn’t get to write about him before my 40-year career as a financial journalist was brought to an untimely end. He’s now produced a major analysis of the net costs of legal immigration commissioned by our old friends at Carrying Capacity Network. Sample: Unsustainable 1.5 Million Annual Legal-Immigrant Influx Costs U.S. Taxpayers $330 Billion per Year.

This is important because the fiscal costs of current policy, reflecting Nobel economics laureate Milton Friedman‘s celebrated observation that “It`s just obvious you can`t have free immigration and a welfare state,” has been almost completely repressed in public debate. These are legal immigrants, remember.

We hope to post a more detailed discussion soon.