Herb Kay's S.O.S. System
  July 7, 2010
  "I'm Herb Kay and the most important thing to know about me is that I'm not going to lie to you or pull your chain. Ever. In my S.O.S. Guides, I give you, well, guidance, in a straight-talking and step-by-step way. The website offers the "advice side" of my system. Here, in my blog, I'm going to dig a little deeper and get a little grittier. That's the opinion side of my system. Will I say something that might shock you? Maybe. Will I ruffle some feathers? Perhaps. Will you close the page with some food for thought? Absolutely."

The Herb Kay Way is the straight forward, never-mince-words way. Check out Herb's latest blog on your money, your career, your debt, the economy and the world we live in.
 
When Downsizing is a Powerful Tool
Can We Address the Important Issues?
Just a Sentence or Two.....
A Dose of Reality
Getting Involved and Taking a Stand
Study Up on Your Loans
Drop Back Ten and Punt!
Who Can you Depend On?
Some Sobering News About the Economy
Grab a Beer and Take the Slide Home......
Another Loophole, Another Lesson
What is Your Core Conversation?
Loyalty and Leadership
The Argument for Being a Grownup
The 'Business' of Complaints
Electricity in the Air......
Taking a Hard Look at the Figures
A Public Life
My "Advice" to You
Perspective vs. History
Worried Sick!
It's About the Kids!
Gooooooooaaaallll?
Where Will the Money Come From?
Immigration Arguments: Debunked!
Blame Policy, Not Banks
Happy Birthday America!
Crony Capitalism
G8/20 and What That Means For You!
Our Economy and the Free Market
Building a Bubble?
"Fixing" Our Problems
The $20 Billion SNAFU
A Screaming Deal!
Action Breeds Success!
It's Going to Take Some Effort!
Getting Our Lives Back
For Better or Worse......... I Prefer Better
The Pressure to be President.......
This Great Nation......
Financial Reform - Ha...what a joke!
Municipal Bonds are a thing of the Past!
Feeling Good!
Moving Forward
The Signs Are All Around Us
It's a Grim Diagnosis
Oh, the Pressure.....
The Big Fat Greek Fallout
It's Getting Ugly......
Perfection is a Myth
Be Different
Moving on While Moving Ahead
An Immigration Abomination
I've Got a Question.......
Logic vs. The Logistics of Inflation
The Free Market - Greed at its Very Best
Informed on Inflation
Don't Fix What Isn't Broken
Harnessing Energy - The Herb Kay Way
Staying Ahead of the Curve
What Trade Deficit?
Greek to Me
There's a Bridge in Brooklyn......
Problems That Don't Exist
Don't Invest in Mediocrity
The Fed's Mutually Exclusive Roles
Deadly Serious
Election Year Scapegoats
"Willfully Insane"
Balancing your Beliefs - How Our Political Convictions Influence the Debate Over the Economy
Let's Reward the Renters
Don't Plug the Hole.......Replace the Bucket!
Europe's Safety Net
The Collapse of the System
Apple Makes a Lemon
Pot, Capitalism & The Free Market
Who is Your Banker?
Real Estate? Now is NOT the Time!
Grading on a Curve
When the Inflation Stars Align
When Foolishness Goes International....
The Recovery?
The Competitive Advantage of Reaganomics
What Wednesday Brings.....
Stopping The Addiction
Signing On The Dotted Line
Be Optimistic - Not Foolish
The Real Story
Selling Your House (and your credit) Short!
The Entitlement State
It's Anyone's Guess
Ask, And You Just Might Receive
Crazy Like A Fox!
It's Only Tuesday!
Spending Some Time - Cutting Spending
There's No Such Thing As Easy Money!
What Exactly is Responsible Borrowing?
Just Bite The Bullet
With Change Comes Turmoil
Q & A......The Herb Kay Way!
Wanna Bet? Gamble on Inflation!
A Lesson on Education
Two Different Beasts: Why Price Does Not Equal Wealth
For this Party - Three's a Crowd
Good Luck With All of That!
Dear Mr. Bank President:
It's Not That Simple
Raising the Stakes
State of The Union: The Herb Kay Way!
Capital Gains - Your Pains!
Cooking the Books
What's in a Name?
Questionable Choices: Healthcare Reform
And the Person of the Year Is......
A History Lesson
Goverment's Stimulus Fairytale
Let's Hope I'm Wrong
Fake Money = Real Problems
Collectors Lie
35 Million Americans Can't Be Wrong
Simple Truths, Simple Lies
Lending and The Federal Reserve: Why Making Banks Rich Again Will be Bad for the Economy
Are You Health Care Aware?
Have Good Credit? With New Legislation in the Works, the Question is, Who Cares?
Healthcare and the President
Tips for Choosing a Bank and the Right Bank Account
 
Immigration Arguments: Debunked!
 

I live in Arizona most of the year and I don't have to tell you, that unless you have been living in a cave for the past several months - immigration is a BIG issue here.  Last weekend over the holiday I got into a fairly heated exchange with my eldest son over the issue and it made me understand what the fuss is really about, particularly with those who support the toughening of  immigration laws.  My point was that we ought to stop fooling around with this and declare an amnesty to bring the upwards of 20 million illegal immigrants into the fold, so to speak, and allow them to work and contribute openly.  Since they are already here, and since there is literally no possible way to round them all up, we should recognize their existence and deal with the issue openly.

To this my son strongly disagreed and his basic point was twofold: First, they came here illegally so why reward them and secondly, illegal immigrants take American jobs.  To his first point I answered that regardless, they ARE here nonetheless and pretending otherwise or making some legal point is counterproductive.  We have been talking about stronger enforcement for the past 30 years at least, and to no avail.  Presidents from Carter to Obama have sent troops to the border, beefed up systems, put up fences, and had round up after round up of illegal immigrants/workers and not put a dent into the problem.  My thought is perhaps we ought to try something else as continuing these fruitless gestures are just silly.  My son replied what about terrorists crossing from Mexico and to this I replied that to date, exactly zero terrorists have been caught or recorded crossing into the US from Mexico.  All 19 9/11 Hijackers crossed from Canada where there is a huge Muslim population to blend into versus Mexico where there are virtually none.  Spanish is not Arabic, and Islam is not Catholicism, so the argument that they might be coming from Mexico is based upon Mexicans and Arabs being brown - is just crazy if not totally racist.

However, on the American jobs argument – to which many, many Americans have, this reflects a fundamental lack of understanding of how an economy works.  Simply, holding a job does not mean you take and take.  In fact you give and give.  Employed workers means more restaurants, gas stations, retail stores, and all kinds of sales of goods which legally and gainfully employed workers want to use their wages upon. I mean, they are not going to earn money and stuff it in a mattress and if they are legal they will spend it out in the open in all kinds of businesses which will employ more Americans! And as for the lower wages paid to illegal immigrants, this too would go away once they were allowed to report illegal practices openly as legal aliens as opposed to being criminals today.  Legal workers are far less likely to get paid less than illegal ones and so the edge against American workers would fast disappear.  More workers makes more jobs.  It is as simple as that.

In the end my son grudgingly admitted I had good points but then said, as my kids and friends often do, that I am impossible to argue with because I have so many facts and examples at my fingertips.  In other words, they don't like being confused by the facts from what they believe. And belief and faith are essentially holding something to be true when there are no facts to defend it from something as powerful and good as one's religion to something as foolish as arguing against realistic immigration policy.  Hanging on to a bad idea because it is too hard to let go of a bad argument is, well, a bad argument!