Investment giant Goldman Sachs recently endorsed Kamala Harris’ immigration agenda.
In a report titled “The Election and the Economy: Estimating Immigration, trade and Fiscal Effects” that was published on September 3, 2024, Goldman Sachs said the following:
“If Harris wins, we expect that net immigration will continue [at] 1.5mn [million] per year, somewhat above the pre-pandemic trend of 1mn [legal immigrants]. If Trump wins with divided government, we expect net immigration will fall to 1.25mn. If Republicans sweep, Congress could increase enforcement resources, and we expect net immigration would fall to 0.75mn.”
“We estimate that the contribution from immigration to labor force growth would be about 30,000 per month higher if Vice President Harris is elected than in the Republican sweep scenario,” the report added.
This endorsement makes sense due to how the importation of low-wage legal and illegal alien labor will be a boon for investors and other business actors who want cheap labor. Not only do workers get displaced by cheap labor, increased immigration will place further stress on housing as housing demand surges greatly. As a result, many regular Americans are priced out of owning homes.
The fact is that Big Capital loves mass migration. By contrast, Middle America has every reason to oppose this project due to how it economically dispossesses them, while also demographically annihilating them. The US is at an oligarchical state of its history where its political leaders are more interested in serving the plutocracy as opposed to everyday Americans.
It won’t be enough to just pass immigration restriction legislation. At some point, once the nationalist Right is in power, it must use state power to punish all private entities and individuals who partake in the promotion of the open borders agenda.