Quote:
Originally Posted by Horatio Caine
What plan would that be? Make Mexicans pay for the wall?  |
Donald Trump Plans to Impound All Remittances to Mexico -- Would That Even Be Possible? | National Review Online
In the article the author lays out that 83% of illegals send money to Mexico. Using systems already set up to halt terrorism funding, these electronic payments can be identified and taxed at a rate of 45%. Once the wall is built this can be increased to 90%, or 100% depending on desired effect (total confiscation will likely result in total self deportation, while 90% simply discourages new entrants and a fair amount of self-deportation).
The revenue for this tax would be around 12 billion per year.
http://www.cnbc.com/2015/10/09/this-...d-cost-us.html
CNBC estimates the highest of all estimates to be 25 billion. This would take roughly two years using only one method.
So that's it. Policy over. Not impossible, not even improbable. Fairly simple really.
Now we can go into alternatives for how Mexico would pay for the wall that can supplement transfer payment taxes.
A tarrif can be placed on all goods coming in from Mexico.
Foreign Trade - U.S. Trade with Mexico
There was a 53 billion trade deficit with Mexico last year. A tarrif equating to a 10% penalty on that deficit would pay for the wall in 5 years.
Any rational country would respond harshly to a tarrif being implemented. In which case Trump would likely retaliate harder. Mexico relies on the US for 71% of it's exports. America has the power in the relationship and an export ban would annihilate the economy, and cause an immigration flood that would prove the need for a wall.
That's not the ideal situation. It's chaos. And Mexico has leaders that aren't stupid so it would never get to that point. Mexico will pay for the wall because 25 billion is nothing compared to the yearly 270 billion it exports. A 1% Mexican tax would be able to be retired in 10 years.