To: longtermmemmory
Don't people in lots of foreign countries already invest in dollars? Aren't there lots of dollars going to other foreign nations other than Mexico?
11 posted on
04/04/2006 7:57:25 AM PDT by
mlc9852
To: mlc9852
Don't people in lots of foreign countries already invest in dollars? Aren't there lots of dollars going to other foreign nations other than Mexico?
Can you name any other nation besides Mexico that can call remittances from illegal US 'workers' as their second largest form of income at the national level?
It isn't so much the dollars that go there as it is two things regarding it. The levels at which the dollars go there and how much tax revenues are lost when these levels go there this way.
If Mexico needs such a large package of AID then it should go from the gov't to the gov't of Mexico. Accomplishing it by proxy illegal workers is good for noone.
Mexico wants third world aid without carrying the third world status label. It is time they accept that which they have earned.
To: mlc9852
YES, this does happen and is very common.
(though this does upset the paper tiger euro EUrocrats as they attempt to supplant the dollar)
HOWEVER, the BIG difference is that the ones who send money back as AMERICAN immigrants are making their lives in the USA while keeping their roots active.
Often those people will maintain a summer home or vaction home in the old country. I know a few people who do exactly that.
However, go back to LIVE in the old country? NO WAY.
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