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  • From: "Bruce Hansen" <brucedhansen@sbcglobal.net>
  • To: "NAFEX" <nafex@lists.ibiblio.org>
  • Subject: [NAFEX] (no subject)
  • Date: Mon, 17 Jan 2005 13:54:38 -0500

A MUST READ FOR EVERY CITIZEN!
Bear Stearns Says Government Vastly Underestimates
Size And Cost Of Illegal Immigration
The Wall Street investment firm Bear Stearns has published a new report,
"The Underground Labor Force is Rising to the Surface" which claims that the
illegal alien population is double the official government estimates.
According to Bear Stearns analysts, Robert Justich and Betty Ng:
* The illegal alien population of the U.S. is about 20 million -
roughly the population of New York State.
* The report asserts that there are between 12 and 15 million jobs in
the U.S. currently held by illegal aliens, or about 8 percent of the work
force.
* Moreover, between 4 and 6 million jobs have shifted to the
underground economy since 1990. These are not "jobs Americans won't do, but
rather jobs Americans used to do."
* "On the revenue side, the United States may be foregoing $35 billion
a year in income tax collections because of the number of jobs that are now
off the books."
* "We estimate that approximately 5 million illegal workers are
collecting wages on a cash basis and are avoiding income taxes."
* "The United States is simply hooked on cheap, illegal workers and
deferring the costs of providing public services to these quasi-Americans"
conclude Justich and Ng.
Read the report in .pdf format at Bear Stearns
<http://www.bearstearns.com/bear/bsportal/Info.do?left=Asset
Managementhttp://www.bearstearns.com/bear/bsportal/Info.do?left=Asset
Management>.

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