Post #1482 by jerryab on the Macroeconomic Trends and Risks board

Personal Finance Topics / Macroeconomic Trends and Risks

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They can make it up on volume? Supposedly, there are tens of millions they could strip and deport.

That it the problem. If they did "tens of millions", then so many assets hitting the market would drive down prices massively--and reduce the amount received to an amount that would not be worthwhile. Then, with property values down so much, they would turn into instant slums. Employers leave, and so do the jobs. Then cuts to police, fire, and so on based on falling tax revenues (sales taxes DOWN, inventory taxes DOWN, payroll taxes DOWN, and so on).

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