The send back 14 billion but cost us 300 billion a year.
That’s not really fair. They did the work, and their employers paid them, so the money is theirs to do what they want. Nobody complains when rich Chinese guys come here and spend the money they stole in China.
(FYI, apparently the 23 billion # represents legal & illegal US residents sending $ to Mexico. There’s also speculation on whether this tax could spur more bitcoin transactions. I highly disbelieve this as I just can’t picture poor people in Mexico redeeming their bitcoins. Perhaps in the larger cities or even for illegal trade, ie drugs, weapons, etc. tho: https://localbitcoins.com/country/MX.
http://www.coindesk.com/mexicos-payment-restrictions-now-cover-bitcoin/
There was a 4.75% increase in money sent from abroad, most of which comes from the U.S., to total US $24.8 billion last year, up from $23.6 billion in 2014, said the Bank of México.
The bank said it was the first time remittances had totaled more than petroleum revenues since it began tracking them in 1995.
Oil revenues last year totaled $23.4 billion
- See more at: http://mexiconewsdaily.com/news/remittances-totaled-oil-income/#sthash.oMPDwFqx.dpuf
Remittances, mostly from expatriates living in the United States, are Mexico’s second-largest source of foreign exchange after oil exports and help cover living expenses for millions of households.
http://latino.foxnews.com/latino/news/2014/08/02/remittances-to-mexico-up-73-pct-in-1st-half-2014/