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  1. #1
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    Default $2.5 Billion Wired To Mexico In April

    $2.5 Billion. That's a lot of money lost to our economy.

    With fears the Trump administration will tax or block south of the border cash transfers, remittances sent to Mexico from the United States jumped 15 percent in March from the same period last year – marking one of the largest cash transfers from Mexicans living north of the border to friends and family back home.

    Mexico's central bank, Banxico, reported that around $2.5 billion in cash transfers were sent to the country from the U.S. last month, compared to $2.2 billion a year earlier -- and making March the third largest in U.S.-Mexico remittance history. In October 2008, individuals sent to Mexico $2.6 billion and in May 2006 $2.5 billion went to the country.

    Another interesting tidbit from this article :

    The U.S. currently does not tax remittances as they are transfers of previously owned money rather than payments for goods or services. Mexico also does not tax those who receive remittances as long as the transfers are for less than a predetermined amount.


    Remittances are the country's second-largest source of income after automotive exports. Last year remittances rose to almost $27 billion, the highest on record, far surpassing the $15.6 billion Mexico earns from oil exports and the $17.5 billion in tourism income Mexico received in 2015.
    http://www.foxnews.com/world/2017/05...to-mexico.html

    Holy. Crap.

    2nd largest source of income in the entire country? I knew it was a lot, but I didn't think it was that huge.

    Is it any wonder that the Mexican Government is vehemently against the whole anti-illegal scourge?

    Grab this money and pay for the wall. There's tons of precedent for seizing illegally gotten money - tax cheats, drug dealers, laundering, arms deals... the list goes on and on. Illegals unable to prove their right to be here automatically got that money illegally. Take a minimum of 50% of it.
    Last edited by NightTrain; 05-04-2017 at 03:37 PM.
    Interdum feror cupidine partium magnarum Europae vincendarum

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  3. #2
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    Yup! Anyone illegal? Any felons? Deadbeat Dad's? I can think of a variety of folks that should be on a list, and they should confiscate. Others they can maybe tax? Over a period of years they can get a nice chunk of change towards a wall, or even security.

    And maybe they can trackback if anyone doing so is illegal, and after they take the remittances, also find out where the $$ is coming from - as in do they have an employer that is hiring illegals? Maybe some more money on the other end that can be used too!!
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    Quote Originally Posted by jimnyc View Post
    Yup! Anyone illegal? Any felons? Deadbeat Dad's? I can think of a variety of folks that should be on a list, and they should confiscate. Others they can maybe tax? Over a period of years they can get a nice chunk of change towards a wall, or even security.

    And maybe they can trackback if anyone doing so is illegal, and after they take the remittances, also find out where the $$ is coming from - as in do they have an employer that is hiring illegals? Maybe some more money on the other end that can be used too!!

    Definitely go after the scofflaws hiring illegals and hit them hard with fines. Owner goes to jail - problem immediately solved nationwide.
    Interdum feror cupidine partium magnarum Europae vincendarum

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    I would venture to say that the majority of the illegals claim massive amounts of dependents so they don't have any federal or state income taxes taken out of their paychecks. And then they don't file their Federal Tax Returns because they're using illegal Social Security numbers and therefore we have lost those tax dollars. Implementing a transfer tax would help us recoup some of that.
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    Quote Originally Posted by SassyLady View Post
    I would venture to say that the majority of the illegals claim massive amounts of dependents so they don't have any federal or state income taxes taken out of their paychecks. And then they don't file their Federal Tax Returns because they're using illegal Social Security numbers and therefore we have lost those tax dollars. Implementing a transfer tax would help us recoup some of that.
    I'd wager that the majority actually are working under the table, so there is no taxation.
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    Quote Originally Posted by NightTrain View Post
    $2.5 Billion. That's a lot of money lost to our economy.




    Another interesting tidbit from this article :



    http://www.foxnews.com/world/2017/05...to-mexico.html

    Holy. Crap.

    2nd largest source of income in the entire country? I knew it was a lot, but I didn't think it was that huge.

    Is it any wonder that the Mexican Government is vehemently against the whole anti-illegal scourge?

    Grab this money and pay for the wall. There's tons of precedent for seizing illegally gotten money - tax cheats, drug dealers, laundering, arms deals... the list goes on and on. Illegals unable to prove their right to be here automatically got that money illegally. Take a minimum of 50% of it.
    It also does not take into account those that live closer to the border that just take cash home on monthly "swims" across the River.
    “When bad men combine, the good must associate; else they will fall, one by one, an unpitied sacrifice in a contemptible struggle.” Edumnd Burke

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