Thursday, June 27, 2013

Richest Will Benefit From Immigration Bill While Poorest Will Suffer

So says CNBC's John Carney, here:


What the CBO does get right is that return on invested capital is likely to increase under the bill. What this means is that the richest members of the economy will benefit from the bill even as the poorest members suffer. It will act as a sort of anti-Rawlsian law, delivering the greatest benefit to the best-off in society. Inequality will grow under this law, rather than shrink.