Results 1 to 2 of 2
Like Tree2Likes
  • 1 Post By lorrie
  • 1 Post By Beezer

Thread: Illegal Immigrants Send $38 Billion Abroad Via Remittances—A “Hidden Tax”

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

  1. #1
    Senior Member lorrie's Avatar
    Join Date
    Jan 2006
    Location
    Redondo Beach, California
    Posts
    6,296

    Illegal Immigrants Send $38 Billion Abroad Via Remittances—A “Hidden Tax”

    Illegal Immigrants Send $38 Billion Abroad Via Remittances—A “Hidden Tax”



    January 23, 2018

    Remittances Sent by Illegal Immigrants Cost America $38 Billion Annually, They’re Like a Hidden Tax

    Imagine the worst possible tax you can think of. What would it look like?

    If you’re like most people, you thought of some fat, curly-haired king sitting in a palace spending your money on foppish garments and a harem of French harlots. That’s a bad tax. No doubt about it.

    But at least he’s (presumably) your king, and he’s spending the money in your country. Eventually you will see that money again, no matter how frivolously he spends it.

    I can think of a worse tax: pretend the above situation’s exactly the same in every respect except now he’s not your king. He’s king of Timbuktu. Even worse. It’s bad enough you’re paying for someone’s pomp and circumstance, but now he’s not even buying the pomp locally—you’ll never see that money again.

    Paying taxes, no matter how inefficient, is better than paying tribute to a foreign land. Redistribution is bad, elimination is altogether worse.

    And therein lies one of the biggest problems I have with illegal immigration: illegal aliens come the US, work (rarely paying income tax), and then send a large chunk of their earnings back home via remittances. In a way, remittances are a hidden tax that Americans pay for the privilege of underpaying illegal workers—and it adds up.

    Illegal Immigrants Send $38 Billion Abroad In Remittances Every Year


    Now I admit this estimate isn’t perfect: we have to make some assumptions, but I think they’re reasonable assumptions.

    First, let’s assume that remittances from America are either sent by first-generation legal immigrants, or illegal immigrants. Let’s also assume that these two groups are sending equal amounts of money home per person—legal immigrants make more per capita, but send a much smaller proportion of their pay abroad. I think these are fair assumptions.

    Now let’s get to the numbers: according to Pew Research‘s 2018 remittance outflow data, America lost $138.2 billion in remittances in 2016.



    Given that there are 40 million first generation immigrants, and (at least) 11.1 million illegal immigrants, this means there are 51.1 million people sending remittances abroad. We’ll go with the low number to be conservative, although a recent study by Yale University concluded that there were 22.8 million illegals living in America.

    If we divide up the number of dollars remitted according to this proportion, we can conclude that illegal immigrants likely remit $38 billion per year. That’s a lot of money. For perspective, it’s as much as the entire annual GDP of the US states of South Dakota, or Montana—or the European country of Serbia.

    And of course, if we used the larger figure from Yale, this would be even higher.

    My point: illegal immigration is a complicated issue, and there are many costs associated with it that often aren’t considered. Every dollar that disappears via remittances is ejected from the local economy, never to return to the community—this reduces the velocity of money, leading to liquidity problems in small towns. This is the exact same effect that high taxes have: money flows out of communities and concentrates in distant places: taxes end up in Washington DC, remittances end up in Carlos Slim’s pockets.

    But the biggest cost associated with illegal immigration is the burden they place on American taxpayers by consuming far more in government services than they contribute in taxes. In fact, America spends $135 billion annually caring for illegal aliens. This figure includes local, state, and federal costs.

    Any way you slice it, illegal immigration is impoverishing American workers, and costing taxpayers big-time.

    https://nationaleconomicseditorial.c...t-remittances/
    Beezer likes this.


    Support our FIGHT AGAINST illegal immigration & Amnesty
    by joining our E-mail Alerts athttp://eepurl.com/cktGTn

  2. #2
    Senior Member Beezer's Avatar
    Join Date
    Apr 2016
    Posts
    7,364
    38 BILLION THAT SHOULD BE SPENT IN OUR COUNTRY

    WE HAVE PLENTY OUT OF WORK...DEPORT THEM ALL!
    Judy likes this.
    NO DACA - NO AMNESTY - NO PATH TO STAY - LET WORK PERMITS EXPIRE

    HAND UAC'S OVER INTO THE CARE AND CUSTODY OF THEIR EMBASSY!

Similar Threads

  1. Illegal Immigrants Cost America $38 Billion Annually Via Remittances—It’s A “Hidden T
    By lorrie in forum illegal immigration News Stories & Reports
    Replies: 3
    Last Post: 07-13-2017, 07:20 PM
  2. Government Admits It Has No Idea How Much Money Illegal Aliens Send Abroad
    By Newmexican in forum illegal immigration News Stories & Reports
    Replies: 4
    Last Post: 06-29-2016, 01:27 PM
  3. Immigrants send $60 billion home
    By mkfarnam in forum General Discussion
    Replies: 5
    Last Post: 10-20-2006, 01:26 AM
  4. Immigrants in Texas to send $5.2 billion home
    By ThomasMoore in forum illegal immigration News Stories & Reports
    Replies: 0
    Last Post: 10-19-2006, 01:25 AM
  5. Remittances from Mexicans abroad up 17 percent in April from
    By Brian503a in forum illegal immigration News Stories & Reports
    Replies: 1
    Last Post: 06-02-2006, 07:12 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •