Saturday, January 28, 2017
5 comments:
-
Anonymous said...
-
I don't like tariffs, even to "pay for the wall". Historically, trade wars become a lose-lose game very quickly.
Mexico receives about $24 billion/yr. in remittances from Mexicans living in the USA. There has been talk of Trump taxing this. However, if what I see at the local post office applies universally, the Mexicans and other Central Americans are buying postal money orders and mailing them home. Unless Trump can require proof of citizenship to buy a postal money order, it will be difficult to stop or tax that cash flow.
Now, if Trump deports half of them, there's the $12 billion for the wall out of Mexico's GDP and in addition, a big savings in welfare costs for Fed, state and local governments and hospitals.
Mexico can be made to pay for the wall and not even write a check.
Lt. Col. Gen. Tailgunner dick
-
1/28/17, 1:40 PM
-
Fred Z said...
-
Just make the American bank which eventually cashes the money order deduct the tax and pay it.
-
1/28/17, 6:17 PM
-
Anonymous said...
-
^ Fred, those money orders are going to momma or sister in Mexico. I think they're being cashed at a Mexican bank.
Lt. Col. Gen. Tailgunner dick -
1/28/17, 8:53 PM
-
Stanley said...
-
^ Fred, those money orders are going to momma or sister in Mexico. I think they're being cashed at a Mexican bank.
Lt. Col. Gen. Tailgunner dick
Yes, but they eventually have to return to 'Murica for redemption, do they not, because that's where the greenbacks were originally presented at a USPS outpost. If - and this is where it gets murky - that final presentation for redemption produces a 20% reduction in "funds redeeemable" then everyone in the chain will reduce their payout upon presentation by 20% in anticipation of that. The murkiness comes from having to pry that 20% from the clutches of the USPS et al wherever the original dollars are stored. Whatever the process turns out to be I'd think that instantly devaluing a USPS money order returned from outside the U.S. by 20% would pretty much shut down that method of funds shipment. Meaning, other methods would pop up... -
1/29/17, 3:19 AM
-
Anonymous said...
-
I don't think they use money orders. They use Western Union, which has kiosks in most grocery stores here in Texas.
Gary in Texas -
1/29/17, 7:34 PM
Subscribe to:
Post Comments (Atom)