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The plan on making Mexico pay for the wall is coming together

Posted on 2/10/18 at 4:20 pm
Posted by RobbBobb
Member since Feb 2007
34152 posts
Posted on 2/10/18 at 4:20 pm
1) Tax on remittances

Currently only OK has a fee on remittances made to foreign countries. It is fully refundable when a citizen files their taxes for that year. However, $12M remain unclaimed last year in just that state alone. Mexico is the largest receiver of these US initiated remittances, to the tune of $29B per year. (that's money forever leaving our economy to prop up theirs). A 3% transaction fee would raise $1B in the first year from Mexico, and $2.5B from all S. American remittances combined

2) Fee for expedited green cards

Surveys say that applicants for green cards would gleefully pay $2,500 or more to get to the front of the line and get their green cards quicker. This is mainly in response to those tech workers who have been used to replace higher paid American workers. Would immediately raise $4B of the $25B needed

3) Targeted surpluses from Nafta renegotiations

As Nafta is made more US friendly (due to Trumps insistence) any and all monies generated from those re-negotiations would be directed to fund the wall


Analysis: The wall could be built with these monies within the remainder of Trumps term. And then be properly maintained by continuing these funding mechanisms, going forward. And Americans would get their investment returned, sorta how a toll road repays the original taxpayer investment
Posted by Jake_LaMotta
Coral Gables
Member since Sep 2017
5700 posts
Posted on 2/10/18 at 4:23 pm to
Several different avenues to get the money from Mexico. People that ignore that have their head in the sand. If Trump (or any President) wanted to they could wreck Mexico’s economy almost overnight.
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
138576 posts
Posted on 2/10/18 at 4:26 pm to
quote:

Targeted surpluses from Nafta renegotiations
This was ALWAYS the plan. Anything else is gravy.
Posted by Aristo
Colorado
Member since Jan 2007
13292 posts
Posted on 2/10/18 at 4:29 pm to
quote:

1) Tax on remittances



This.
Posted by idlewatcher
Planet Arium
Member since Jan 2012
96778 posts
Posted on 2/10/18 at 4:32 pm to
quote:

they could wreck Mexico’s economy almost overnight.


The Mexican government has done a good job of that on their own thus far
Posted by PsychTiger
Member since Jul 2004
109121 posts
Posted on 2/10/18 at 4:38 pm to
4) Give Mexico the option of paying for the Wall upfront, and we won’t do 1, 2, and 3.
Posted by Kafka
I am the moral conscience of TD
Member since Jul 2007
157118 posts
Posted on 2/10/18 at 4:41 pm to
I love it when a plan comes together
Posted by SirWinston
Say NO to War
Member since Jul 2014
104464 posts
Posted on 2/10/18 at 4:43 pm to
Good stuff - any links?
This post was edited on 2/10/18 at 4:45 pm
Posted by bamarep
Member since Nov 2013
52554 posts
Posted on 2/10/18 at 4:46 pm to
The wall is already paid for y'all. Between all the deportations, the plants coming back from Mexico, etc we've LONG since passed enough to pay for the wall.


Let the proggies have this talking point baws, it's all they have left.
Posted by DisplacedBuckeye
Member since Dec 2013
76732 posts
Posted on 2/10/18 at 4:46 pm to
quote:

The plan on making Mexico pay for the wall is coming together


Posted by 90proofprofessional
Member since Mar 2004
24445 posts
Posted on 2/10/18 at 4:47 pm to
quote:

3) Targeted surpluses from Nafta renegotiations

1. trade surpluses/deficits are experienced by businesses & individuals. so that doesn't even make sense. (except to the extent that the government buys stuff from abroad directly or sells it directly, which can't be much).

2. it's far from clear that withdrawing from NAFTA (the only realistic outcome from attempts by this administration to renegotiate) will result in reduced trade deficits overall or with any individual country
Posted by Colonel Flagg
Baton Rouge
Member since Apr 2010
23483 posts
Posted on 2/10/18 at 4:50 pm to
quote:

1. trade surpluses/deficits are experienced by businesses & individuals. so that doesn't even make sense. (except to the extent that the government buys stuff from abroad directly or sells it directly, which can't be much).


I would assume the expectation is some increase to some form of tax revenue, but I am no genius on the subject.
Posted by Navytiger74
Member since Oct 2009
50458 posts
Posted on 2/10/18 at 4:52 pm to
LINK ] The trade deficit in goods and services was $463 billion from January through October, up 12% from a year ago, the Commerce Department said Tuesday. The United States has a surplus in services, such as banking, but a bigger deficit in goods, such as cars. And the gap with Trump's two favorite rhetorical trade targets, Mexico and China, is getting bigger. The overall trade deficit with Mexico is up 11% this year, and the deficit with China is up 7%.

U.S. Trade deficit rises to nine-year high (overall)

TOTAL (With Mexico) 2017: -71,056.5 (millions USD); Total (With Mexico) 2016: -64,354.1 (millions USD)

Now I know this increase in the deficit isn't anything economically unhealthy, but you (based upon what knowledge you've demonstrated) should be upset. He isn't getting the wall paid for on the trade front. That's for damned sure.
This post was edited on 2/10/18 at 4:54 pm
Posted by RobbBobb
Member since Feb 2007
34152 posts
Posted on 2/10/18 at 4:57 pm to
uh, the most recent estimate is that 700k American workers are on govt assistance and not paying income taxes, due to Nafta

Even if you can reclaim just $1500 per worker re-entering the job market (in taxes and reduced benefits), over a $1B per year is generated from the benefitting private companies
Posted by RobbBobb
Member since Feb 2007
34152 posts
Posted on 2/10/18 at 5:00 pm to
Stay in your lane. Cuz this obviously isn't it
Posted by Navytiger74
Member since Oct 2009
50458 posts
Posted on 2/10/18 at 5:06 pm to
quote:

Stay in your lane. Cuz this obviously isn't it
I'd be surprised if you could identify lanes in a road. You seem pretty addled. I know what all Trump says he will do. Just like I know that he said he'd "do the best deals" and "get us out of bad deals" to close our trade deficit. A year and change into his term and it's at a 9-year high.

I thought pulling out of TPP (which is still, admittedly, in its infancy) was supposed to set us on a course for fixing all of that. I guess pulling out of NAFTA will do the trick.

Keep doing your thing, dumbass.
Posted by Dale51
Member since Oct 2016
32378 posts
Posted on 2/10/18 at 5:18 pm to
quote:

Even if you can reclaim just $1500 per worker re-entering the job market (in taxes and reduced benefits), over a $1B per year is generated from the benefitting private companies


I don't know if this is an "off the wall" idea or not, I'm too practical to think in those terms, but would it be feasible to apply the value of--not only the DACA recipients, but as many of the 13 million illegals in our country now-- and sell them? These people are the best people,..hard working..loyal..less prone to criminal activities than actual citizens, etc. What is the actual worth of these people to a country or society? Over their lifetime, I would imagine that their individual worth to any country would easily be a million dollars each. If we rounded them up and sold them in a free market for half that and used the money to build the wall, it would seem to be more than enough resources to make the wall, basically, "free". We benefit..the new "home" country benefits and the DACA people benefit. Win/win/win for everyone! What am I missing???
Posted by Flem
Member since Feb 2018
154 posts
Posted on 2/10/18 at 5:22 pm to


Is Chihuahua Mexican?
Posted by Dale51
Member since Oct 2016
32378 posts
Posted on 2/10/18 at 5:24 pm to
quote:


Is Chihuahua Mexican?


Yes. That's a "dreamer" dog and the doll is the gullible American liberal after a few years!
Posted by RobbBobb
Member since Feb 2007
34152 posts
Posted on 2/10/18 at 5:26 pm to
What does having a trade deficit have to do with getting a better value for those items that you indeed do trade?

If you farm cows, and I farm corn, and you buy way more corn from me than I buy cows from you, that has ZERO to do with you negotiating a better price for your cows amongst several trading partners, and then putting that added benefit into improvements that further lower your costs?
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