Financing? That’s the easy part
Amid much fanfare, Mexican President Enrique Pena Nieto cancelled his trip to Washington on Thursday. He’s miffed that President Donald Trump has neither backed off his call for the construction of a wall along our southern border or suggesting that it could possibly be funded by an import tax on goods from Mexico.
There are myriad ways of financing a security wall to keep illegal drugs, gangs and illegal invaders from Mexico, South and Central America as well as global terror sponsoring nations from flooding the U.S.
What is beyond comprehension is that Mexico would condone losing its young, vigorous men, leaving the country to be inhabited by women, children and the elderly. And why? The answer is remittances, those funds sent back to Mexico from their nationals living and working here, bolstering the Mexican economy by more than $25 billion in 2014.
Several years ago, Mexico even produced a comic book to aid its own less than literate citizens in navigating the desert to leave their homeland. They were instructed what to wear and bring with them. It outlined their “legal rights” telling them what do and say if they are detained. Once they reach the US, they are instructed to keep a low profile. WND’s post is titled, “How to be an Illegal.”
Remittances, a massive, tax-free transfer of wealth out of the United States, now exceed Mexico’s oil exports as the nation’s greatest source of income, according to this February 2016 in-depth report by the Government Accountability Office. The study was commissioned by Sen. David Vitter (ret.) and U.S. Rep. Tom Price. All told, it reveals that foreign-born workers, both legal and illegal, in the U.S. sent $54.2 billion in remittances abroad to Mexico, China, India, and the Philippines which collectively received the most money, according to GAO’s analysis of the World Bank’s Bilateral Remittance Matrix, in 2014.
Billions are also sent yearly to China, India, the Philippines, Vietnam, Nigeria, Guatemala, El Salvador, Dominican Republic and Korea. So paying these foreign nationals’ salaries does not result in strengthening our own economy, since much of their earnings detour back to their homelands.
Banks, credit unions and even convenience markets are among various entities facilitating remittances. The time has come for these money transfers to be taxed. Then there is the issue of the $millions in foreign aid American taxpayers are funding and the benefits they underwrite once the illegals get settled. The U.K.’s Daily Mail tells the shocking story. Do you recall reading about this in the local news? Didn’t think so.