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Cake day: April 29th, 2025

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  • What if I’m against immigration due to a housing bubble that is destroying the poor and dramatically increasing price to income ratios, am I a racist or a saint?

    I think anyone with a brain can see that in many countries mass immigration is being used to depress wages and invert the phillips curve after QE, or to prop up GDP to avoid a technical recession in favor of a per-capita recession, which is for some reason not defined or acknowledged. It also clearly hurts the poor and benefits the rich via asset price inflation and higher rental income.