The wall is estimated to cost $4m a mile (compared to Israel's $1.6m), for a total tab of $8b for a 2000 mile structure. Annual remittances to Mexico are $24b. A 5% tax will raise $1.2b a year at best. Probably a good idea to put up a remittance tax that expires when that $8b figure is reached.
>> The wall is estimated to cost $4m a mile (compared to Israel’s $1.6m), for a total tab of $8b for a 2000 mile structure.
I usually take any government cost estimate and multiply it by 3.5 to get the true number. So it would probably cost closer to $30b but hey, that is peanuts compared to what we spend on other things!
Last time I checked we give Mexico about 1 billion in foreign aid. A penny here and a penny there adds up.