Tuesday, May 22, 2018

Germans could need to work until their 70s, to pay for hundreds of thousands of refugees on welfare - Ben Perchiron

What is the cost of the mass wave of immigration on Europe, and in particular Germany – the country whose leader, Angela Merkel, infamously declared “Refugees Welcome” in the fateful summer of 2015 causing asylum seeking (and economic) migration to spike?
The short answer is – we don’t know exactly, but it is painfully high, and rising.
In Feb 2016, Professor Matthias Lücke of Kiel University, calculated the cost would be €25.7 Billion of German taxpayer funds. The costs would rise to €37 Billion for 2017 and soar to €55 Billion by 2022.
Just 5 months later another Economist, Dr Bernd Raffelhüschen, had calculated the total amount of debt incurred to pay for the mainly Arab, 70% unskilled migrants, would balloon to €1.5 TRILLION over their stay in Germany.
By February 2017, Merkel’s OWN economic advisor, Hans-Werner Sinn, was warning that total costs could reach €340 Billion, almost 10% of Germany’s total GDP that year. And that same year a study came out showing that these “refugees” are not waiting for their country to end its war, but are planning on staying permanently in Europe.
This will undoubtedly place a significant burden on the dependency ratio – those people who work to sustain those who don’t and live on state aid – which shall force German pensioners to work longer, and increase taxes for every German.
And bear in mind that the economy is already slowing down and that 15% of the elderly and pensioners are now categorized at poverty level according to – the largest such group in ageing Germany.
So the economic bill for maintaining the flood of unskilled, uneducated migrants in Germany is high and rising, as each year more arrive, and even official estimates consistently go up.
The problem for the majority of Europe is that what is happening in Germany will happen everywhere, and this is just the beginning – migration is at record levels and will not stop until our leaders find an in situ solution. Let’s pray that comes sooner rather than later.