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Jan. 24, 2021 - Radio Renaissance - Jared Taylor

05:29

How Mexico Can Pay for the Wall

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	Hello, I'm Jared Taylor with American Renaissance.
	Donald Trump wants Congress to pay for a border wall.
	The Democrats say no.
	And that's why the government was shut down.
	But there's an easy solution to the problem.
	During the campaign, Mr. Trump said over and over that Mexico would pay for the wall.
	And in fact, Mexico, or at least Mexicans, can pay for it.
	Guatemalans and Hondurans could help too.
	Here's how.
	As you know, lots of Mexicans and Central Americans, most of them men, come here legally or illegally to work and send money back home.
	A lot of them have jobs off the books, and so they don't pay taxes.
	Or they claim to have 12 children, so they get huge deductions and don't pay taxes.
	And they don't like to pay for health insurance either.
	Hispanics are the group least likely to have it.
	So that's another way for them to save money.
	Of course, when they get sick or shoot each other, you and I pay for it.
	The point is, they have money to send home.
	It's called remittances.
	And that money just leaves the country.
	It goes straight into the pockets of foreigners, and we get nothing for it.
	It's terrible for our economy.
	So, how much money are foreigners sending out of the country?
	Take a look at this map.
	Especially at the pink circles to the left.
	These are countries in the Americas, and the numbers are from 2016.
	Mexico gets the most money, $28.1 billion.
	Guatemala gets $6.8 billion.
	El Salvador, $4.2 billion.
	Dominican Republic, $4.1 billion, etc., etc.
	The total in just one year that goes south of the border is $57 billion.
	And look at those yellow circles.
	Chinese, Indians, Filipinos.
	They are shoveling billions out the door, too.
	The total that left the country in 2016, in just one year, was $138 billion.
	You could fund the wall by taxing that money.
	The government shutdown was over the $5.7 billion President Trump wanted from Congress.
	Taxed that $138 billion at just 4%.
	And you've got your $5.7 billion right there.
	In five years, you've got more than the $25 billion Mr. Trump says he needs to finish the wall.
	4% is nothing.
	If you live in 46 of the 50 U.S. states, you already pay more than 4% in sales tax.
	There are four states that charge more than 9%.
	The people sending the money would hardly feel the bite.
	And since a lot of them haven't paid any income tax on that money, 4% is the least they could pay.
	You could argue that only remittances to countries south of the border should be taxed for the wall.
	But people come to Mexico from all over the world to cross our southern border, and the wall would stop them, too.
	Once the wall was finished, we could use the money to hire more ICE agents to find and deport illegals who are already here.
	Or you could give the money back to the people of the states that are losing it.
	And why stop at 4%?
	Tax remittances at 10%.
	Why not 50%?
	At that rate, would people try to run cash across the border in paper bags?
	Not if we had a wall.
	And if immigrants knew they were going to lose 50 cents on every dollar they shipped out of the country, guess what?
	They might not come.
	I'm hardly the first guy to think of this.
	In March 2017, Congressman Mike Rogers of Alabama introduced a bill for a 2% tax on remittances to pay for the wall.
	The GOP and the White House never pushed it.
	Why not?
	Politicians love taxes.
	To line up Democrats, you could even offer to spend part of the swag on uplift programs.
	They can bring back midnight basketball for all I care.
	Who would oppose a tax on money leaving the country?
	That would be people who care more about foreigners than they care about Americans.
	Well, let them stand up and be counted.
	And there are precedents for this kind of tax.
	Did you know that if you wire money out of Oklahoma, the state takes 1%?
	You pay even if you're wiring money within the country.
	Oklahoma wants to keep its money at home.
	And if Oklahoma can tax remittances, the feds sure can.
	Well, next Tuesday, Donald Trump is finally going to give his State of the Union address.
	He should propose a 4% tax on remittances.
	That way, Congress wouldn't have to give him a dime and Mexicans would help pay for the wall after all.
	It's a win for everybody.
	And he doesn't even have to say he got the idea from me.
	Be sure to subscribe to our YouTube channel.
	Also, take a look at our podcast channel.
	That's at Amren Podcasts on YouTube.
	Please visit our website at amren.com.

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