Trump missed a great opportunity to force Mexico to pay for the wall while renegotiating NAFTA (USMCA). In addition to raising tariffs on all imports from Mexico, there should have been a high tax (at least 20-25%) imposed on all remittances sent to Mexico by relatives of Mexican nationals.
“...there should have been a high tax (at least 20-25%) imposed on all remittances sent to Mexico by relatives of Mexican nationals.”
That has been an oft-quoted formula (with varying percentages) for wall funding. An interesting question would be: at what percentage would the law of diminishing returns compel remitters to give up earning money here and move back there? Also, is the remittance charge/tax better as a wall-funding solution or as a mechanism of self-deportation and a disincentive to illegal immigration?