Posted on 01/31/2018 4:22:55 PM PST by markomalley
Legal and illegal immigrants wired almost $140 billion from the United States back to their home countries and foreign relatives in 2016.
The huge loss of domestic spending by of immigrants’ remittances is spotlighted in a new report by the Pew Research Center, which also noted that $6.5 billion was sent back to the United States by foreign-based U.S. workers. That is a 21-fold difference and is enough money to support 2.6 million additional $50,000 jobs in the United States.
The remittance number is based on calculations by the World Bank.
The leading recipients of the exported remittances are people in Mexico, China, and India, reflecting the growing size of Chinese and Indian migration into the United States. Many of the Chinese and Indian migrants work in once-prestigious, but now lower-wage, white-collar science or computer jobs.
(Excerpt) Read more at breitbart.com ...
$140B is enough to build a big, beautiful wall.
...and don’t forget...those “homelands” Tax that money
Quite a few sh*thole countries on that list.
It’s their money, they worked for it... except it’s not really, or at least, not completely.
The debating points are usually incomplete:
The Dems want votes, eventually, and don’t mind increasing costs on us in the meantime. On the Republican side, it’s often said that what they want is cheap labor. But, the labor isn’t really cheap—the illegals get paid less, but that’s because while they don’t pay taxes, the rest of us pick up their tab in free medical, education for their illegal and anchor baby children, and increased criminal costs.
It’s just another form of cost-shifting to the taxpayer at large while some benefit.
That’s why it’s not really their money.
A 30% tax on it going forward will pay for the wall and all operating expenses and a whole lot of border security costs.
Is there a list of the people who have sent money overseas?
About eight walls
Make US dollars illegal overseas? Use local money you get from an ATM.
I think they are just aggregating the remittances to various countries. Unless they suspect terrorism is being financed.
They get paid under the table in cash and also get all welfare benefits for imaginary children, free legal representation for the crimes they commit, free education and medical benefits.
Tax that money at 50%.
Foreigners are literally draining US dry
This is how the Mexicans will pay for the wall.
TAX IT, ALREADY.
tax it at 50%
Roughly $1,500 per household.
These illegal colonists crap on our country doing their best to make America their new sh*thole, suck the t*t of American welfare/benefits and send money back to their real sh*thole country that they already destroyed. Only a libtard would think this is good.
Tax it at 20%. When they file their income tax, they can offset it then. Work legally, pay taxes, no tax. Under the table earnings spent out of States, taxed
>> Roughly $1,500 per household.
That is — the average domestic household deprived of $1,500 each.
Western Union charges $8 to wire any amount of Money to Mexico. That must be enough money to build hundreds of miles of wall.
And if they used your Social Security number you get to pay the taxes on it.
What a deal!
How many billions of local taxpayer dollars do retired government employees suck out of the Democrat northeast economy every month to Florida?
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