Remittances

 

Aesthetica

@Anc_Aesthetics

·

6h

If we really wanted to incentivize self-deportations we would institute an outright ban on remittances. We cannot allow immigrants to loot public benefits, paid for with our tax dollars, while they send money back to their own country. We are not an economic zone to be plundered.

Still Boneless

@still_boneless

·

2h

Taxing remittances is one of the most effective tools we’ve yet to deploy

(click to enlarge)

That’s 2016 data

These numbers are completely off. India was $150+ Billion alone last year. Mexico was $70+ Billion.

RavenNole  

@RavenNole

·

1h

Remittances are now closer to $2 trillion a year. That is money sucked out of the US economy. Very little economic value to the US. Those people back in their home countries will use it to buy goods made in that home country or China. China is the biggest beneficiary of this.

RavenNole  

@RavenNole

·

1h

When you give the poor stimulus checks or some other sort of welfare, economic theory states that they spend most of it, stimulating the economy. When you import foreign labor and let them send any excess overseas, it destroys this theory in practice. x.com/still_boneless…

Douglas MechArthur ☭⃠

@Kicksbuttson

·

2h

What's funny about that graphic is that Haiti is only $1.4B, making it a relatively small circle... But that's 10% of Haiti's GDP the year this data was collected.

DocLock (Retard)

@DLockj

·

46m

People wonder why we can't afford to upgrade roads or infrastructure. Too many people sending money overseas propping up foreign economies, among other things.