What to do with the $800 billion the illegal aliens send home?

[DBA]

Your post is incredibly shortsighted, The remittances back to Mexico and Central American help keep that area stable. Without those funds, Central American would be in far worse shape than it is now. That is the problem with you Trumpers, you can’t see beyond your own backyard.

We aren’t globalists, thus don’t think like globalists. We put America first. We aren’t the world’s sugar daddy. We will assist when possible, but not at the expense of our success as a country.

 

[DBA]

As a citizen, you're free to send your money down there to help "stabilize their country"

Yes, we can add a line item to the 1040 forms that allows them to send money directly South of the border, to the country(cartel) of their choice. How many do you think would check that box?

 

[justoffal]

Yes, you read that right - the illegals, while costing us $150 billion a year, send home $800 billion a year. How should Trump use this to America’s benefit?

Option 1) Tax the remittances by 25%, thereby recapturing the fortune the illegals cost America taxpayers and use it to offset their costs

Option 2) Tax the remittances by 50%, thereby recapturing the fortune we spend on them AND using the balance to secure the border and pay for deportations of criminal aliens

Option 3) Block remittances entirely, which will hurt the originating country and pressure them to take back the illegals (as some countries have said they won’t), and use the money for border security, deportations, and more

https://www.weforum.org/stories/2023/02/remittances-money-world-bank/

Wow that's like 15% of the GDP!

Even if they send the cash in a box it's all in American currency. It wouldn't be too difficult for a good actuary to determine the total amount.
They should subtract it from the foreign aid total to that country.

 

[rightwinger]

We need illegal labor? Who knew?

Fact

 

[JLW]

We aren’t globalists, thus don’t think like globalists. We put America first. We aren’t the world’s sugar daddy. We will assist when possible, but not at the expense of our success as a country.

I have no problem with deporting illegals, but don’t kid yourself that the migrants from Central America don’t help keep our food costs down and the economy humming. Don’t also fool yourself if you think that if these remittances stop, it may not eventually spark unrest in their home country.

 

[justoffal]

Your post is incredibly shortsighted, The remittances back to Mexico and Central American help keep that area stable. Without those funds, Central American would be in far worse shape than it is now. That is the problem with you Trumpers, you can’t see beyond your own backyard.

Obviously they're not very stable if they continue to generate massive caravans of illegal hopefuls having north. I posit that the total removal of those remittances would make no difference whatsoever in their conditions. Many of those people just save up the money to pay to the coyotes. I do think your rent will be ahead here putting your feelings ahead of your brain.

 

[eagle1462010]

Why?

it is their money earned by their own sweat

Same reason we are taxed if we work in another country.

 

[eagle1462010]

good idea!

Let’s give them work permits and let them pay taxes

Well then. They would no longer be illegal huh

 

[eagle1462010]

I have no problem with deporting illegals, but don’t kid yourself that the migrants from Central America don’t help keep our food costs down and the economy humming. Don’t also fool yourself if you think that if these remittances stop, it will not eventually spark unrest.

Remittances arent need if they come here LEGALLY via the DOL

 

[sparky]

Wow that's like 15% of the GDP!

Even if they send the cash in a box it's all in American currency.

It goes a long way too JO

It's all about cheap labor here, but the crews i worked with in the past would tell me that they'd work summers here, taking off winters in whatever S American countries they came from living like kings

While domestic construction workers here collect unemployment until spring

~S~

 

[JLW]

Obviously they're not very stable if they continue to generate massive caravans of illegal hopefuls having north. I posit that the total removal of those remittances would make no difference whatsoever in their conditions. Many of those people just save up the money to pay to the coyotes. I do think your rent will be ahead here putting your feelings ahead of your brain.

You have it backwards.

The role of remittances is to ensure the standard of living for families in the countries of origin. 80% of migrants indicate that the money is used for maintenance, including daily food, housing, and transportation expenses. The second most common use is for medical expenses. Other purposes mentioned by more than half of respondents include education, savings, business, and real estate.

In other words remittances help these countries remain stable and keep from becoming failed states.

 

[Lesh]

We pay sales tax. When illegals send remittances there isn't a product. Just tax remittances like sales tax. I'd prefer if the tax were 50% or above but sales tax rates will do.

Huh? When we buy products from China for instance, the cost of those goods goes to China. That money leaves the country.

How stupid are you?

 

[Lisa558]

I have no problem with deporting illegals, but don’t kid yourself that the migrants from Central America don’t help keep our food costs down and the economy humming. Don’t also fool yourself if you think that if these remittances stop, it will not eventually spark unrest.

Don’t fool yourself that the illegals aren’t costing taxpayers $160 billion a year, ruining the public schools where they settle, lowering property values, and taking up subsidized housing from lower-income citizens.

 

[Lisa558]

You have it backwards.

The role of remittances is to ensure the standard of living for families in the countries of origin. 80% of migrants indicate that the money is used for maintenance, including daily food, housing, and transportation expenses. The second most common use is for medical expenses. Other purposes mentioned by more than half of respondents include education, savings, business, and real estate.

In other words remittances help these countries remain stable and keep from becoming failed states.

And their presence in OUR country makes things worse.

 

[WorldWatcher]

I'm not saying I'm against taxing money transfers outside the US. But that is going to hit more than illegals, it will impact legals, citizens, and businesses.

IOW - watch what you ask for.

Oh and by the way, when and if we start taxing money transfers outside the US, especially at the the levels some here are talking about 25%, 50% - and damn it 100%. People (Illegals, legals, citizens and businesses) will just figure out other methods that circumvent the "remittance tax".

For example, instead of wiring money to my daughter in Japan, she could use her US based credit card, then we pay the US credit card for her at the end of the month instead of sending her money. I'm sure the illegals would figure out pretty quick that it would save money to have a legal cross the border into Mexico or Canada, wire the money from there, and then return. Hell enterprising capitalist's (legals and citizens) will quickly figure out that they can take a small fee from multiple people, do the transfers for them, and make a little cash on the side.

This is a bumper sticker solution that some are not thinking through.

Again, I'm not against a remittance tax, but think through who it impacts and at what point is it more economically for the senders to just pay the tax as opposed to getting creative to how to evade the tax.

WW

 

[Carl in Michigan]

I have no problem with deporting illegals, but don’t kid yourself that the migrants from Central America don’t help keep our food costs down and the economy humming. Don’t also fool yourself if you think that if these remittances stop, it may not eventually spark unrest in their home country.

Our country was born of civil unrest
Maybe their military age men should stay home and fix their own country

 

[JLW]

Our country was born of civil unrest
Maybe their military age men should stay home and fix their own country

Maybe these men should stay in their home countries.; but then you should be directing your ire at real estate developers, contractors and agricultural interests that hire these folks to do the work that most Americans will not or, alternately, hire these folks on the cheap to avoid paying American citizens for their labor.

 

[EvilCat Breath]

Huh? When we buy products from China for instance, the cost of those goods goes to China. That money leaves the country.

How stupid are you?

The tax we pay on the money stays right here. You can't conflate wiring under the table untaxed funds to foreigners with international commerce. . How stupid do you think we are? When that money is spent in those home countries it is certainly taxed. It's more support of foreign power and that's what you really want.

 

[Lesh]

The tax we pay on the money stays right here. You can't conflate wiring under the table untaxed funds to foreigners with international commerce. . How stupid do you think we are? When that money is spent in those home countries it is certainly taxed. It's more support of foreign power and that's what you really want.

The tax stays here but the money that pays for those products LEAVES THE COUNTRY…. Stupid

 

[Lesh]

By the way, any of you retards ever hear of Hawala.

The money never actually leaves