Property rent seeker defends immigration ponzi with lies

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By Leith van Onselen

In response to the growing angst over Australia’s turbo-charged immigration levels, Chris Johnson from the Urban Taskforce – “a non-profit organisation representing Australia’s most prominent property developers and equity financiers” – has penned the following spurious response in The ABC. Let’s evaluate Johnson’s flimsy arguments:

The migrants we are talking about are the skilled migrants that are needed to balance the increasing number of retirees leaving the work force.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.