Billionaire hedge fund manager and Democrat donor Bill Ackman calls for MORE immigration to US to tackle inflation: Says boosting number of workers would improve supply of goods and bring down prices

UK Daily Mail ^ | September 23, 2022 | Harriett Alexander

[C19fan]

A billionaire New York hedge fund manager who's a leading Democrat donor has come up with an unusual suggestion for reducing inflation - recommending that the U.S. government bring down wage costs by welcoming in more migrants.

Bill Ackman, who as CEO of investment firm Pershing Square Capital Management is worth an estimated $3.2 billion, said that the current tactics employed by the government to bring down inflation were 'a blunt tool' and not effective.

He claims increasing the supply of workers would also increase the output of the US economy, thus bringing down prices.

[C19fan]

In other words, reduce real wages for American workers by flooding the labor market with new supply.

[C19fan]

I suppose bringing in more migrants will increase aggregate supply but they will also increase demand. They need food, clothing, shelter, utilities, and so on.

[aynrandfreak]

Only supporting my agenda will fix ____.

[RoosterRedux]

Ackman is a contrarian who would like nothing more than to damage the economy so he can make money off the damage.

In fact, if Ackman calls for MORE immigration, it is safe to say that MORE immigration IS NOT the action to take.

[chopperk]

Is Bill going to feed the illegals when the food supply dwindles????????????

[Maskot]

How leftist commies connect some of the dots they do is just baffling. There’s not a single working brain cell amongst the group. 🙄

[PhillyPhreeper]

Proof that becoming rich does not equate to being smart. With millions of illegals the demand for goods increases much more than supply.

[boycott]

A billionaire New York hedge fund manager ...

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Bus them all to NY to Bill Ackman’s neighborhood so they can fight inflation there. I am sure that he and his neighbors would want that.

[WashingtonSource]

Like we should listen to Bill Ackman or that his opinion on anything besides his investments is worth hearing. Shut up Bill Ackman and go away.

[Regulator]

Funny how a guy who made so much by living in the US wants to repay the country by destroying it.

[sit-rep]

The ONLY way this is even remotely possible is if you creat a flat tax. Anything else is nothing but more flatuance emenating from your pie hole.

[Tolerance Sucks Rocks]

Billionaire hedge fund manager and Democrat donor Bill Ackman calls for MORE immigration to US to tackle inflation: Says boosting number of workers would improve supply of goods and bring down prices

Die, corporate scum.

[sit-rep]

My bad... National sales tax...

[G Larry]

It is RACSIT to impose slave wages on Legal Immigrants and minorities by importing cheap ILLEGAL workers.

[p. henry]

Given the generosity of our welfare state, a more likely result of an increase in low skill immigrants would be further declines in the labor participation rate.

[OpusatFR]

And just who is going to pay for all the welfare goodies?

[deport]

Help Needed

[Degaston]

Every week the federal government is losing out in hundreds of dollars of tax revenues for their slowness of processing my wife’s Green Card. The income I earn is outside the USA. I haven’t stepped foot in the USA for over 16 months. Everything I earn is getting reported to the IRS. But I don’t owe any US taxes on it.

[RoosterRedux]

In other words, reduce real wages for American workers by flooding the labor market with new supply.

Right. And pull the rug out from under all those kids currently in trade and technical schools.

[Theoria]

This was always gonna be the plan. I promise the gop will promote this as well. ‘Workers’ finally have a edge, now political parties will knee cap that.