- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: .
Posted on 1/26/17 at 10:31 am to BamaGradinTn
Posted on 1/26/17 at 10:31 am to BamaGradinTn
Sigs have to match or Am Ex won't honor them. That would stick the merchant. It is the plan with the least amount of downsides, I'll readily admit, but it still has some. Plus you have to take the assraping on the exchange rate from AmEx.
0
Posted on 1/26/17 at 10:32 am to joshnorris14
quote:
Requires?
for an illegal immigrant in the US? pretty much
Posted on 1/26/17 at 10:34 am to cahoots
quote:
Send cash to Mexico by mail
Travel to Mexico with cash
Pay someone to travel to Mexico for you
PayPal
Bitcoin
Transfer money to offshore account and then to Mexico
Buy iPhones, ship them to Mexico, sell them for pesos
Too easy.
You act like the people that send money to Mexico and receive money in Mexico are either 1. sophisticated enough to avoid remittance taxes or 2. care about a potential remittance tax.
Right now Mexico taxes remittances from the U.S. to Mexico at 12%. The taxes are withheld when the recipient in Mexico picks up the money.
All we would need is a 4% tax on remittances to Mexico and that would be one billion a year or 10 billion in 10 years. That's enough to pay for the wall.
Mexico currently receives $25 billion in remittances from the U.S. per year. THIS IS WHAT IS RECORDED. THIS IS WHAT IS ON THE BOOKS.
The average remittance to Mexico is $187.00. These people won't change their behavior because of a 4% remittance tax. Hell, you don't change your behavior because of a 9-10% sales tax.
Posted on 1/26/17 at 10:34 am to cahoots
quote:
Dude the point is that there will be an underground way to transfer money. Mexicans cross the border illegally. Drugs cross the border illegally. Money will cross the border illegally in large quantities. Give it up.
I swear, it's like these guys have forgotten how the market works.
Demand will be met with supply. It happens all the time. Walls and governments have been proven rather ineffective against market forces.
Posted on 1/26/17 at 10:35 am to WildTchoupitoulas
You. Don't. Have. To. Tax. Every. Transaction. To. Win. With. This. Policy.
I can't make it any more clear than that.
I can't make it any more clear than that.
Posted on 1/26/17 at 10:36 am to PillageUrVillage
quote:
Not to mention that a card issued in the US and used exclusively in Mexico might throw up some red flags.
American expats living abroad can and do use US Credit Cards (i.e. Chase Sapphire Reserve) that have no foreign transaction fees. They'd probably go months without using their cards in the US.
Posted on 1/26/17 at 10:36 am to WildTchoupitoulas
quote:
I swear, it's like these guys have forgotten how the market works.
Has Trump actually proposed taxing remittances?
Posted on 1/26/17 at 10:36 am to teampick
quote:
bootleggers, cocaine cowboys, gun runners, etc
Exactly the types of people I want to hand bags of cash to.
Posted on 1/26/17 at 10:37 am to WildTchoupitoulas
quote:
I swear, it's like these guys have forgotten how the market works.
Demand will be met with supply. It happens all the time.
when the fed gov targets an area, they inflict pain
again. see: online poker
there is one area this hasn't worked: drugs, and that's b/c the cartels make so fricking muck money on drugs they can afford the insanely high transaction costs that fedgov imposes
unsophisticated illegal immigrants and a $25B/year economy? i'll take my chances with fedgov
Posted on 1/26/17 at 10:37 am to Anfield Road
quote:
American expats living abroad can and do use US Credit Cards (i.e. Chase Sapphire Reserve) that have no foreign transaction fees. They'd probably go months without using their cards in the US.
If there's one thing illegal Mexican Laborers are great candidates for is high level revolving credit accounts.
Posted on 1/26/17 at 10:40 am to therick711
quote:
If there's one thing illegal Mexican Laborers are great candidates for is high level revolving credit accounts.
No disagreement, but I was arguing the point that exclusive non-US usage of US credit cards does not automatically raise red flags.
Posted on 1/26/17 at 10:41 am to WildTchoupitoulas
quote:
Walls and governments have been proven rather ineffective against market forces.
BS. Government can and does influence and are very effective toward markets big time. That influence and effectiveness can be positive and negative.
Hell, Obama's claim to fame is creating a fake health insurance market.
Another example, companies and people spend billions if not trillions trying to avoid government taxes every year.
Posted on 1/26/17 at 10:42 am to Anfield Road
quote:
No disagreement, but I was arguing the point that exclusive non-US usage of US credit cards does not automatically raise red flags.
Understood. My point wasn't really aimed at you. I'm just laughing at the general lack of understanding that most people have with Mexican laborers. They aren't going to Chase to do their banking. They aren't sending enough home to buy iphones and ship them or whatever stupid thing people come up with. They largely aren't bitcoin users and their families back home would have little use for bitcoins. It's just kind of funny.
Posted on 1/26/17 at 10:42 am to NC_Tigah
quote:
Has Trump actually proposed taxing remittances?
Yes. Early in the campaign (on his website) and he mentioned them and again yesterday as one of the possible means to get Mexico to pay for the wall.
This post was edited on 1/26/17 at 10:44 am
Posted on 1/26/17 at 10:47 am to SlowFlowPro
quote:
it's not the wild west when these weren't regulated/monitored
you have to enter in all your personal information to use these cards these days
Yeah, but you can buy a card in quite a few countries, I believe Mexico is one of them. And then reload it from here. They are still used for friendly internet drug transactions.
Another way to get this to work is Amazon gift cards.
Posted on 1/26/17 at 10:49 am to SlowFlowPro
quote:
unsophisticated illegal immigrants and a $25B/year economy? i'll take my chances with fedgov
they are closely knit communities, so once someone figures out a way to make it happen, others will quickly follow suit.
And I am sure some enterprising business will figure out a way to make it work, maybe something like greendot but just mexico/US.
Posted on 1/26/17 at 10:49 am to GumboPot
quote:I simply have not heard that. If you have a link, I'd like to see it. Trump's major focus has always been on reduction of the trade deficit as the payment mechanism.
Early in the campaign (on his website) and he mentioned them and again yesterday as one of the possible means to get Mexico to pay for the wall.
Posted on 1/26/17 at 10:49 am to Hawkeye95
quote:
Yeah, but you can buy a card in quite a few countries, I believe Mexico is one of them. And then reload it from here. They are still used for friendly internet drug transactions.
Another way to get this to work is Amazon gift cards.
i don't think it would be that difficult for the federal government to mandate that these companies monitor these transactions and report repeated international transfers (to Mexico, Honduras, Guatemala, etc)
Posted on 1/26/17 at 10:50 am to SlowFlowPro
quote:
unsophisticated illegal immigrants and a $25B/year economy? i'll take my chances with fedgov
fedgov can't stop unsophisticated illegal immigrants entering the country.
Then when cities, whose resources are limited, tell fedgov that immigration is their problem, and they can't afford to do fedgov's work for them, what does fedgov do? Cut fedgov funding.
Can you tell me how that's supposed to help enforce fedgov laws in those cities?
fedgov is completely incompetent - until they appeal to emotions and propose policy that is designed to assuage our irrational fears. Then they are all powerful and can overcome natural market forces. Amirite?
Posted on 1/26/17 at 10:51 am to joshnorris14
quote:
It's like your retarded
Before casting aspersions on one's intelligence, might want to make sure you get "your" and "you're" correct.
I'm not really interested in picking apart grammar, but I always find it amusing when bad grammar is used in conjunction with insulting another person's intelligence.
Page 4 of 7
Popular
Back to top
Follow TigerDroppings for LSU Football News