Brilliant idea, and if ICE followed your advice, I think you ought’a get a reward of reasonable percentage of illegal alien fraudulently sending home SIXTY NINE BILLION dollars a year to Mexico and other disfunctional shithole countries.
RE: “Makes me crazy when I see a bunch of them at Walmart, wiring money, ‘home.’
Where TF is ICE? They’re RIGHT THERE! Round ‘em up, Head ‘em OUT!”
Last year, a record amount in remittances was sent home by Latin American and Caribbean migrants.
Ryan Eskalis/NPR
Migrants from Latin America and the Caribbean are sending more money to their families back home than ever before.
These annual “remittances” — as they’re called by analysts — topped $69 billion in 2016, according to central bank data compiled in a new report by the Inter-American Dialogue, a Washington, D.C.-based think-tank. The money has been a lifeline for the national economies of many countries in the region since at least the 1990s, when Manuel Orozco, a political scientist who authored the report, first began tracking remittances. They climbed steadily since then, only to plummet when the Great Recession hit the U.S. economy in 2008. But they began to rise again in 2012. The 2016 tally is the highest amount on record and an increase of nearly 8 percent over 2015.
About 40 percent of the money goes to just one country — Mexico — practically all of it sent by migrants in the United States. The recent surge is all the more notable because migration from Mexico has slowed to a crawl — with the number of migrants in the U.S. increasing by just 1 percent between 2010 and 2016 to a total of 11.8 million. Also, says Orozco, the median amount that any given Mexican migrant sends hasn’t changed — about $300 at a go, 14 times a year, most commonly through a money transfer company such as Western Union.
So what accounts for this surge in cash to Mexico? Orozco explains that a much larger share of Mexicans already in the United States are now wiring money back. In 2010 fewer than half of Mexican migrants sent money home. Today two-thirds do.
tax the remittances build the wall