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Sheinbaum Pardo called Mexican migrants in America “heroes” in part because they sent $63 billion back home to relatives in 2023. //
Remittances now surpass almost all other sources of the country’s foreign income, including tourism, oil exports and most manufacturing exports.
While the report doesn't differentiate between illegal aliens and legal migrants, it doesn't take a proverbial rocket scientist to figure out that given the more than 10 million illegals who have crossed the southern border during four years of the Biden-Harris Border Crisis™, the amount of cash continuing to leave America for Mexico has continued to increase. //
Lourde Mike
5 hours ago
So the solution here is to tax wire transfers to Mexico at 100% if sent by a non-us citizen. //
Bearsblow
4 hours ago
She laid out the best argument in the world for mass deportations.
They won't change their loyalty and they send their money back to their home country.
That's a 1-2 ticket punch back to that country, imo. //
anon-stbc Grogger
2 hours ago
Absolutely.
If they are taking money out of our economy, then tax it.
There are a bunch of "studies" that talk about how much money the illegals pump back into our economy. Hmmm...none of those studies mention that $50 Billion is getting drained out of our economy.
A lot of that money isn't getting taxed because it is being paid under the table...then they send it right over the border to help Mexico's economy.
Shut down the transfers, or tax it to the max, and see how quickly those folks go back home.