At long last, someone seems to be looking into the problem of “remittances.” That is the practice of illegal (and legal) immigrants sending literally BILLIONS of U.S. dollars out of the country to the foreign nations from where they came.
This has been a huge problem for years. These illegals come here and get jobs and instead of the money made from their labor going to add to the community — like it does for citizens — they send much of their earnings to the third world nations they come from.
This is no less than a massive theft of billions a year and is just another way the U.S. subsidizes oppressive third world countries.
Mexicans sent home $26.1 billion from January to November 2017, according to figures released Tuesday by the central bank of Mexico. That’s the most ever recorded and better than the $24.1 billion sent in 2016 over the same period.
Remittances are one of Mexico’s top sources of foreign income, outpacing oil exports, which totaled $18.5 billion between January and October, according to the most recent figures available at the Bank of Mexico. Manufacturing exports are the top source of foreign income for Mexico.
Now the White House may be looking to either heavily tax this nonsense, or maybe even ban it. Or at least use it as leverage.
The White House may follow the lead of former Kansas Secretary of State Kris Kobach, who is being considered to replace outgoing DHS Secretary Kirstjen Nielsen.
Kobach recently told Breitbart News that this will be a good way for Trump to compel the Mexican government to take more enforcement action against Central Americans trafficking through their country.
After all, as CNN also noted, “remittances” are one of Mexico’s top sources of income.
Kobach said: “The threat I propose is one that actually helps us if we follow through on it. That is the threat of ending remittances from the majority of people in the United States from Mexico who are here illegally,” adding “they don’t want to risk losing that massive flow of foreign capital. In most years, it’s their second biggest source of foreign capital.”
The ideal situation would be to use this handy-dandy threat to force Mexico to move against these dangerous migrants… and then cancel their remittances, anyway!
Follow Warner Todd Huston on Twitter @warnerthuston.