A growing work force is an excellent growth engine for an economy
I don't disagree with you one bit that that tax free dividends skew us away from bonds into equities and concomitantly higher interest rates.
The biggest problem is the Xenophobia created as we chase them foreigners back to where they came from by higher unemployment, end of consumer spending and strangly enough homeland defense measures. I have seen several Pakistani gas stations go back to American ownership in NJ.