X @Nick Szabo

RT Vince Virga (@vvirga)🚨 Visa Policies Sucking Our Economy DryRemittances to India Exceed $30 Billion AnnuallyThat’s $30 + Billion a year, sucked out of the US economy, NEVER to return.What are the long term effects?Question:What are the cumulative effects on the US economy over a 10-year period if $33 billion is sent annually as remittances to India?Answer:$330B total outflow reduces US GDP by ~$500-660B (fiscal multiplier 1.5-2.0), cuts domestic consumption/investment, slows job growth by ~2-3M positions ...