Posted on 09/01/2016 7:40:38 PM PDT by 2ndDivisionVet
Mexico heavily depends on its workers living abroad to send cash back home.
Almost $25 billion flowed last year from the pockets of Mexicans living overseas, almost all of it from the U.S. That's even higher than what Mexico earns from its oil exports.
The average remittance in June was $300.08, which when multiplied by the number of Mexican workers abroad totals billions each year. Donald Trump has his eye on those billions -- earlier this year, he said the cash could pay for the wall he has proposed between the U.S.-Mexico border, even though he didn't mention that in his meeting with Mexican President Enrique Peña Nieto on Wednesday....
(Excerpt) Read more at money.cnn.com ...
Yeah, well we abolished slavery 150 years ago but in 2016, here it is again.
A lot of criminals are hard working, and here I include the employers you mention who love illegal labor.
it is somewhat difficult to blame the employers for hiring ilegal labor when the Obama administration forbids employers from checking citizenships of job applicants
Who’s your employer? The stuff you spout sounds like it came straight from the US Chamber of Commerce website. Or the DNC.
Most of us here are Trump supporters, FYI.
That’s really good! A guy shows up at the job site, he’s about five feet tall, deeply tanned, doesn’t speak a word of English, needs a Spanish translator—and the employer says, “Hey, how was I supposed to know he was illegal!?” Yer killin’ me.
You’re too funny.
I don’t mean to be mean, but we were having this discussion here on FR ten years ago, 2006, when Dubya tried to burgle us.
We’re way past that point.
Were you here before, screen name ‘Dane’?
don’t recall Dane, no
every time I mention anything at all positive about any Mexicans (or Mormons) the flack starts flying here
so I will quiet down for now, thank you.
ps: Trump can still win a lot of Latino-American votes if he keeps talking about resurrecting the American economy from the Obama Great Recession damage........ (jobs jobs jobs) ...and decent family values, two things most Latinos ARE positive about.
Almost $25 billion flowed last year from the pockets of Mexicans living overseas, almost all of it from the U.S.
&&&
Can someone explain to me how Mexico is “overseas” from the U.S.? Idiot “journalists”.
According to one of Trump’s advisors he will tax this at 35%. It will pay for the wall. I’m not sure why he isn’t detailing this in his speeches but I suspect it’s because it would also tax legal immigrants sending money back as well.
That is BS they work at very good paying jobs as electricans, plumbers and carpenters....
Many of different backgrounds have good work ethics and are productive. I’m tired of hearing about how Mexicans are singled out on pedestal for being hard working people. Many are, but it’s not exclusive. My non-Mexican father and grandfathers hardly ever missed a day of work, and much of it manual labor. My father was a business owner, he did much of the work himself/brothers but employed seasonal help which was mostly younger semi-local men and some of his hardest working happened to be Eastern European.
We used to live in a sanctuary city in SoCal. It was horrible. The hard working, family values crowd was not in the majority. Those people had come in legally and assimilated.
The city was heavily gang and drug infested. We lived in a gated community with a guard which is the only way to live there. Don’t romanticize.
If you check the numbers, $25 billion per year at an average if $300 per month comes out to 8.33 million transactions a month to Mexico alone
Most illegals who send money back home do so once a month as their “ monthly remittance payment”
Assuming every single illegal alien from Mexico sends money home every month thrn there are at least 8.3 million illegals from Mexico in the US
The total remittances to South of the border total about $48 Billion and the average remittance sent per person is lower so it's easy to document about 20 million transactions per month
Based on this data, the media and government propaganda estimate of 11 million illegals living in the United States is ridiculously low ball.
The remittance stats easily support an illegal population of 18 million illegals from Mexico alone and a total of 30 to 40 million from Latin American countries in total
Give illegals credit for keeping inflation from reaching the hyper inflation numbers our monetary policies would produce in a normal economy
Illegals depress wages which puts a damper on price- wage spiraling of inflation
More importantly, remittances act as an economic safety valve , draining nearly $50 billion a year from our economy removes enough money from the US economy to prevent inflationary overheating of the economy due our fiscal insanity over the last 8 years
Pemex has always been mis-managed and a haven for political patronage. But with the current President, it has sunk to new lows of mis-management.
It would be more appropriate to use the export of drugs rather than the export of oil as a source of revenue.
Under former Social Conservative PAN-R president Calderon the drug cartels cost of doing business increased to the point that they made no money.
Under the current PRI-Corrupt-Chicagosytle-D president the cartel exports are very profitable.
And a hefty tax on all that money flowing south will pay for “The Wall”...
Problem is, they work so cheap that they get full EBT which means they don’t pay for food, the US taxpayers do. Then they live 20-30 in a house so they spend very little for that per person. They carpool as the household members are usually co-workers. This allows them to be able to send a huge percentage of their income to Mexico.
So to compete, Americans would have to live the same way but work a little cheaper/harder.
The globalists and some greedy employers would love this scenario. Open/No borders would be the ultimate. A whole 3rd world planet.
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