Sounds like a great idea, but I wonder how long it would take a judge to slap an injunction on the process?
They wanted to know. Now they know so they can shut up.
How does the poor schlub at Western Union know know his customer is legal?
How does the poor schlub at Western Union know know his customer is legal?
Build Wall.
Mexico pays.
Problem solved.
That was so easy even a caveman like me could understand it!
Thanks Mr. Trump
Next...
with $200,00, half here and half in Mexico anybody can go in the business.
The illegal gives me $100 and my friend in mexico gives the mother $85. When needed, my buddy and I settle accounts via a wire transfer through a Panamanian bank
It would be so easy to get in this business it is ridiculous
Do we still get the wall and who pays for? Are we going to just take that transfer money and tax it? That would just DRY IT UP. Mexico would wait us out. The money would find it's way to Mexico by other means than by wire transfer. Storefront operations would be set up to move the money. The Mexicans are clever people. They would find a way.
Just more Trump handwaving.
Couldn’t they just buy a pre-paid Visa and mail it?
However, if he sends the illegals back, there won’t be any wire transfers to block. So is he saying that he’s not going to send them back?
take it out of mexco's yearly welfare check... defund all taxpayer funds headed south of the border till the wall is paid off, then stop them completely once and for allHere we have it. He intimated about this before but I thought he wanted to take the money out of the mail or something.
Actually, putting a 20% “service fee” on ANY money transfers out of the country would be my preference.
It would cover not just these remittance by individuals, but vendors paying foreign suppliers. This would be an alternative to tariffs on goods from China, Germany, etc. All of those countries tack on a 20% VAT when American made goods are sold in their countries. That is in addition to any actual tariffs they slap on our goods. By adding a 20% service fee onto payments to those foreign suppliers, it would balance the VAT they are slapping on our stuff.
If foreign companies have the money placed into American banks and use that money to buy American goods to be exported back to their home countries, fine. Where there is no trade deficit, there would be no money transferred, but no trade deficit would mean a boost to American businesses and an increase in tax revenues from those businesses and workers.
OK, I’ve been hearing this bashed all day.. We most certainly have ways to get to this wire transfer money. First, all legal Americans are to pay taxes on monies made any place in the world during their entire life. Then comes the death taxes (granted, different by State/Fed by income etc). But we also have an Ex-patriot tax. It too is complex, but, don’t think you’ll work and save your whole life, then duct out to avoid the death tax. Uncle don’t play dat. In this discussion, we could all consider sending a few bucks out of the US each week and not be bothered. Point is, we can’t do it, but all day they say “How can we track this, or stop this. One article stated the World Bank tracks it! Tax the transfers, save it for the wall, for now. Later?? End of rant!
This is actually a brilliant idea. Many of those sending these remittances back home will have to take the money back personally and effectively self-deport.
Still, build the wall first.