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Mexico has more Billionaires than Saudi Arabia
CNN - LOU DOBBS TONIGHT ^ | 12/17/04-Aired 12/16/04 | cnn

Posted on 12/17/2004 12:47:05 PM PST by JustAnotherSavage

DOBBS: Tonight, an estimated 15 million illegal aliens live in this country, at least half of them from Mexico. Many are here because they chose to flee crushing poverty in Mexico.

But, in point of fact, Mexico is one of the richest countries in Latin America, amongst -- the millionaires, billionaires and its wealth concentrated in the hands of very few.

CASEY WIAN: They sneak across the border seeking jobs they can't find in Mexico. The question isn't why they come, it's why can't Mexico's economy support its own people.

Nearly half of Mexico's population lives in poverty. Ten percent are indigent, existing on a dollar a day. Yet the nation has vast wealth. Mexico has more "Forbes" billionaires, 11, than all but eight other nations. It has more billionaires than Saudi Arabia, Switzerland or Taiwan. It also has more than 85,000 millionaires.

GEORGE W. GRAYSON, OF WILLIAM & MARY: There is a small economic elite who live like maharajas, and there's a political elite that protects them. Our border provides an escape valve which really lets the Mexican political and economic elite off the hook in terms of providing opportunities for their own people.

WIAN : About 10 percent of Mexico's 105 million people live here in the United States. They're called national heroes by President Vicente Fox because this year they'll send home about $16 billion,***** more than any Mexican industry except oil.******

Mexico's outdated tax system is plagued by widespread tax evasion. It collects taxes at less than half the rate of the United States. As a result, Mexico's public-school and health-care systems suffer.

WIAN: Meanwhile, the gap between rich and poor is growing. So Mexico continues to export one of its most valuable assets, people.

snip-------

(Excerpt) Read more at transcripts.cnn.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Crime/Corruption; Culture/Society; Extended News; Foreign Affairs; Mexico; News/Current Events; US: Arizona; US: California
KEYWORDS: aliens; billionaires; corruption; illegalimmigration; immigration; mexico; money; security; wealth; welfare
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To: JustAnotherSavage

It is more than economics, Mexico smells a political kill-reconquista! American thinking is only economic in nature; thus in light of the invasion evidencing the truth of the dicta-"those who think only economically are forever victims of those who don't."


41 posted on 12/18/2004 9:15:14 AM PST by AEMILIUS PAULUS (Further, the statement assumed)
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To: AEMILIUS PAULUS

Agreed.


42 posted on 12/18/2004 9:23:54 AM PST by JustAnotherSavage ("As frightening as terrorism is, it's the weapon of losers." P.J. O'Rourke)
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To: amihow

ouch! caps mean you're shouting, that post hurt my eyes...
-we can't fix mexicos govt. corruption, but more political pressure is a good point.

I agree about building a wall 2000 miles, 25 high wall, so that people can only come through proper check points. "fences make good neighbors"

- and anybody who says it's impossible hasn't seeen the Great Wall of China


43 posted on 12/18/2004 10:00:52 AM PST by FBD (Report illegals and their employers at: http://www.reportillegals.com/)
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