Legal immigration has resulted in solid growth of the U.S. population, despite declining birth rates and an increasing number of old people.

This is good news for investors in stocks and real estate .

(See: “Profits and Population“)

Despite loud railing against illegal immigration by Bill O’Reilly, Lou Dobbs, and Pat Buchanan, the real story is the size and scope of legal immigration, as the graph indicates.

	US Legal Immigration

Illegal immigration appears to be less than 5% of legal immigration, and legal immigration is at an all time high.

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