Remittances Key to Central American Economies Incentivizing the departure of their nationals?

Center for Immigration Studies ^ | 6/4/19 | Andrew R Arthur

[Pollard]

As the Chinese are learning way too late, a healthy level of population is critical to a healthy economy in the long run. In the short run, however, migrant outflows to the United States can make a significant contribution to a sending country's economy, as a recent Forbes article demonstrates. The question is whether those contributions create incentives for governments to increase migrant outflows, and whether those incentives will get dampen these governments' interest in discouraging their citizens from migrating illegally to the United States.

Forbes reports that last year, Guatemalan nationals abroad "sent a record breaking $9.3 billion in remittances." That was 12.1 percent of that country's Gross Domestic Product (GDP). Remittances to Honduras last year were almost $4.9 billion, which Forbes notes is 19.9 percent of the country's GDP. Remittances to El Salvador constituted an even larger proportion of the country's GDP: 21.1 percent, $534.2 million.

[Pollard]

So we're supporting their illegals here who are sending money back there to support up to one-fifth of their economy.

[Dilbert San Diego]

Yes that it what is going on.

It’s hard to sum up the issues with illegal immigration in a few words, but this is considered a win/win situation by some. Some are happy to have illegals in this country to provide cheap labor. And these poor countries are happy to see their citizens sending all that money home.

[babble-on]

The world had no idea that immigrants were coming here to send money home to their families in very poor countries. What a scoop!

[CivilWarBrewing]

I've been saying this for YEARS here at FR. People don't come to America from South of the border because they LOVE America.. They come here to SUPPORT THEIR FAMILIES VIA REMITTANCE PAYMENTS! Our money gets EXPORTED and countries such as Mexico GET HUGE REVENUE. Remittance payments are Mexico's NUMBER ONE SOURCE OF REVENUE, as a matter of fact.

People come here to RAPE OUR ECONOMY OF ITS RICHES THEN EXPORT THAT MONEY BACK TO THEIR HOMELAND.

President Trump needs to TAX REMITTANCE PAYMENTS TO THE TUNE OF 25%!!! I suppose only the House can impose such a tax, however.

[McGavin999]

Yes, we subsidize their housing, give them food stamps, provide healthcare, educate and feed their kids two meals a day, they work under the table and send their earnings home. It is a terrific drain on our economy. Just think where we could be if we weren’t paying billions to support illegals.

Stop remittances.

[Pollard]

Add Mexico in there and one years’s remittances would pay for the wall. But who would tend the rich liberal’s gardens?

[JimRed]

Tax all remittances to everywhere 20-25%. Permit non-Mexican and non-Central/South American remitters to file for a rebate of the tax. Spend the money on the WALL!

[Liz]

Africans coming across southern border have ‘rolls of $100 bills’
American Mirror ^ | June 16, 2019 | Kyle Olson / FR Posted by yesthatjallen (Video at link)

The “poor huddled masses” coming across the southern border may not be so poor after all. Swiss journalist Urs Gehriger recently visited African migrants who breached the border and hung out on the streets of San Antonio, Texas, waiting to go elsewhere in the country, and he met hostility from people who didn’t want to share details about their experiences, conflicted each other, and had rolls of $100 bills. In a recording played on Fox News, Gehriger asks a migrant from Congo how she got to America. She refused to say.

As Gehriger continued to ask simple questions, he said they backtracked and “were not answering at all.” “They wouldn’t tell me anything about how they got here, and then they started to get aggressive and they were contradicting each other,” he told Laura Ingraham. “One said they ran through the forest, and another said no, there was no forest, and they were actually arguing among themselves,” Gehriger said. He said they started to get “aggressive” after questions about money and help.

Gehriger believes the illegals were coached on giving answers to authorities. “I had the impression that somebody told them not to speak about it,” and acting like “now we’re here, you have to help us, give us money.” “What I found from an aid worker there, they actually do have money. Quite a few of them, because he spotted them under a tree, right in front of the shelter, counting a roll of money with hundred dollar bills,” Gehriger told Ingraham. Hundreds of migrants Congo and Angola were transported to San Antonio the week before, and city officials say they received no warning from the feds that they were coming. KENS published a story showing dozens of people milling around downtown, saying they arrived at the southern U.S. border by way of Ecuador. ETC...

======================================

Africans jump the border----seen holding wads of 100 dollar bills?

Its likely their Third World govt's are paying the freight b/c the govt honchos cash in bigtime from remittances of the US gravy train tax dollars.

[JimRed]

But who would tend the rich liberal’s gardens?

Gardening is a treat; they should love tending their own. Or hire school aged kids.

[Lean-Right]

Don’t want to be a downer but,
Trump has already looked at
taxing remittances. The tax
could easily be circumvented
via black market, bitcoin, or
snail mail.

[ThanhPhero]

Remittances by the Vietnamese community got the free market working in Việt Nam. The government kept its hands off the incoming money and it provided the capital for business startups and general commerce once the government determined that the way out of the Starving Years was to let the people do what they want commercially and ended the collectivization. Without that inflow of American dollars to private persons there would have been no capital available and the capitalist opening would have been driven by Chinese money and control. The first opening was by the old guard, the men who won the war and it was hesitant and prone to backsliding. When they died off the new guys turned the people loose economically and they responded. Việt Nam now has traffic jams in Sài Gòn and to a lesser extent in Hà Nội. Remittance money got it cranked off. The same thing does not seem to be happening in Latin America.

[Defiant]

Trump can’t impose a tax; however, he should be able to tweak the withholding regulations of the IRS. Remittances sent to Mexico are almost 100 percent based on US earnings that have not been taxed. The amount sent should be withheld to the tune of 1/3, and can be released when the sender files an income tax return and shows that the taxes due on that income have been paid. None of them will.

[Let's Roll]

It would be cheaper to bribe the African and Central American govts to keep their people home.

Wouldn’t have to worrry about ebola, TB, measles etc. either.

[CivilWarBrewing]

Well, how about we call it a TARIFF instead of a TAX then..

[jonrick46]

The Mexican drug cartels are bringing $500 billion from the drug purchases of U.S, addicts into the Mexican economy. That does not include the money made from human smuggling and sex slavery operations.

Meanwhile, more than 70,000 Americans died from drug overdoses in 2017.

https://www.perdue.senate.gov/news/press-releases/senator-david-perdue-time-to-put-drug-cartels-out-of-business

[jonrick46]

This article gives a good insight into how drug cartel money is snuck through the money exchange houses and the big banks in the U.S.:

https://www.kpbs.org/news/2011/may/23/how-drug-cartels-move-cash-across-us-mexico-border/

[9YearLurker]

You’re missing those who love the import of leftist votes—both legal and illegal.

[Lean-Right]

Thanks for the link.