Regarding the economics of immigration, there are two important points.

First, mass immigration will lower the amount of capital invested per capita and impoverish the natives.

Second, and consequently, what matters as regards any particular potential immigrant is not his IQ or even productivity but the amount of capital, both real and money, that he is bringing to this country.

We should welcome rich people who want to come to America and spurn the poor “huddled masses.”

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