Thread: Mexico's billionaires play US taxpayers for suckers

FR POSTED http://www.freerepublic.com/focus/f-news/1608417/posts



Mexican telecom billionaire Carlos Slim


Certainly there are many poor people in Mexico, since perhaps half the country lives in poverty. However, the nation as a whole is quite rich — see the documented facts listed below — and could well finance the sort of improvements in education and infrastructure that would better the living standards of all Mexicans.


But the Mexican ultra-rich, like telecommunications magnate Carlos Slim shown here, don't like to tax themselves for investment the country badly needs for infrastructure and education, and it helps them greatly that the American taxpayer has been forced to support Mexicans living in the United States.


Interestingly, the Forbes list of billionaires published in 2006 showed Carlos Slim moving up to the number three spot among the world's richest men. Every dollar spent in U.S. taxes for social services for illegal aliens frees up additional cash to be sent south as part of the annual remittances which provided $20 billion in 2005.


According to the CNN news show Lou Dobbs Tonight (3/21/05), "Remittances, as they're called, are expected to become Mexico's primary source of income this year, surpassing the amount of money that Mexico makes on oil exports for the first time ever." So when el Presidente Vicente Fox complains that the

"dignity" of Mexicans living illegally in America requires that they receive free healthcare on the U.S. taxpayer's dime, he is really talking about increased remittances to keep their whole corrupt system afloat. Consider these relevent facts:


• Mexico has the second-highest highest Gross Domestic Product in Latin America, after being #1 for several years over second-place Brazil.


• When measured in GDP per capita, Mexico ranks #1 as of 2005, ahead of Chile and Venezuela.


• According to Forbes magazine, a substantial proportion of Latin American billionaires, 10 out of 26, were Mexican as of 2005.


• Mexico raises less revenue through taxation than nearly any other Latin American country, just 12 percent which is one reason why the nation's wealth is not better utilized. By comparison, the United States takes in 25-28 percent of its gross domestic profit in taxes. Even Brazil taxes itself at twice the Mexican rate.


• Economist Gary Hufbauer of the Institute for International Economics has remarked, "It's up to Mexico to solve its problem, and basically the wealthy classes do not want to tax themselves, period. While I'm not usually an advocate for larger government, Mexico is a country where public investment, done wisely, could pay huge dividends."


• Mexico expert Prof. George Grayson of William and Mary College calls Mexico an "immensely wealthy nation."


• Mexico's economy is the world's tenth largest.


• When the ruling party needed a hefty sum for the 1994 election, Presidente Salinas leaned on a group of rich businessmen to write $25 million checks each at an infamous dinner party, where contributions totaled a staggering $750 million by evening's end. Compare that with the measly $150 million campaign chest in spring 2004 that President Bush had accumulated after three years in office.


• Freedom House notes the cost of corruption: "According a recent study by the Mexico chapter of Transparency International, some $2.3 billion-approximately 1 percent-of the country's economic production goes to officials in bribes, with the poorest families paying nearly 14 percent of their income in bribes."


• Ricas y Famosas — Rich and Famous is a book of photos that takes a peek at the hidden world of the Mexican ultra-rich. Photographer Daniela Rossell used her membership in the exclusive club to reveal the decadent lifestyles of blonde women in gold lamé. It is a shocking view of the most extreme ostentatious wealth among great poverty.


• Sure Things in Mexico: Death, Taxes and Evasion According the recent rankings released from the IMD International, the Switzerland-based International Institute for Management Development placed Mexico at 56 out of 60 economies examined, largely because of a dearth of investment in everything from infrastructure to education. Due to its pathetic tax collection, Mexico cannot even buy schoolbooks or pay its police enough to live on, much less invest in its future.


• Lou Dobbs Tonight Transcript (12/16/04) The CNN news show shines a light on Mexican wealth. Particularly noteworthy is Prof. Grayson's remark: "There is a small economic elite who live like maharajas, and there's a political elite that protects them. Our border provides an escape valve which really lets the Mexican political and economic elite off the hook in terms of providing opportunities for their own people."


• While US Focuses on Iraq, Mexico is Collapsing June, 2005, and the symptoms of Mexico's failure as a state are accumulating. The recent takeover of border city Nuevo Laredo by the Mexican army because of the breakdown in law and order was so obvious.

Interestingly, Defense chief Donald Rumsfeld is guided by a secret Pentagon report which identifies Mexico as a potential failed state in the making.


For more, read "Mexico's Rich Don't Like To Pay Taxes — They Think You Should." -30-

Do not forget that he largest source of profit for Telmex is the termination fee for inbound telephone calls from Mexicans living abroad. There larger the number of Mexicans living here the more money that is made by Carlos Slim Helu. Illegal aliens call home often and if they are legalized they are going to still make calls. Giving the amnestied family reunification is going to have the result that there will be more calls. No wonder Carlos Slim Helu is such a proponent of the "Comprehensive Immigration Reform"

Mexico's billionaires play US taxpayers for suckers

Only because our elected officials let them.

But the Mexican ultra-rich, like telecommunications magnate Carlos Slim shown here, don't like to tax themselves for investment the country badly needs for infrastructure and education, and it helps them greatly that the American taxpayer has been forced to support Mexicans living in the United States.

These are the people who Bush supports more than the American citizen.

Welcome redpony353, glad to have you with us.
"Mexico's Billionaires play us taxpayers for suckers" We can only be played for suckers if we sit back and allow it.
If you don't care for yourself or the future of your children the next generation, then do nothing.
Other wise its time to stop our Congess from giving our tax dollars and our country away. We must stop the Amnesty Bill S1348, stop them from giving our hard earned money to support the poor people of Mexico, its time for Mexico to take responsiblity of its own citizens. NO AMNESTY




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If the rich mexicans want to play us a suckers they'll have to take a number and stand in line.

Originally Posted by pjr40

If the rich mexicans want to play us a suckers they'll have to take a number and stand in line.

Ya...get in line. That's something they don't like...getting in line.

I guess C. Slim is on our welfare as well.

Originally Posted by Americanpatriot

Originally Posted by pjr40

If the rich mexicans want to play us a suckers they'll have to take a number and stand in line.

Ya...get in line. That's something they don't like...getting in line.

It wouldn't surprise me if the criminals in our government haven't set them up some sort of work-a-round for that line also!

Those guys are pretty smart -- Mexican constitution guarantees a
job to everyone. So, that being too expensive at home, they just
outsource it to the US.

Originally Posted by dem4labor

Those guys are pretty smart -- Mexican constitution guarantees a
job to everyone. So, that being too expensive at home, they just
outsource it to the US.

..in exchange for oil.