A common knee-jerk reaction I see online is this: “10 million to be spent on foreigners? Why not give the 10 million to the homeless, destitute and elderly?” An either-or scenario then arises and the issue becomes transmogrified into a local versus foreign debate.However, this is untrue. We need to recognize that spending 10 million on foreigners does not equate to spending 10 million less on social welfare for locals. Rather, it equates to spending 10 million less on over-saving or failed foreign investments overseas. Full Story
