U.S. Loses $150 Billion Annually in Remittances, Says New FAIR Study

[rangerrebew]

U.S. Loses $150 Billion Annually in Remittances, Says New FAIR Study

(May 22, 2019, Washington, D.C.) —Foreign-born workers are sending roughly $150 billion each year in remittances to friends, family members and associates outside the United States, finds a new study published by the Federation for American Immigration Reform (FAIR). Illegal aliens alone remit more than $28 billion annually.  This $150 billion represents a direct loss to our economy, siphoning off valuable capital and reducing government revenues.

The study analyzes the most recent Census and World Bank data to understand how remittances affect both the U.S. and foreign economies. The report examines the impact of remittances in developing nations and the social and economic consequences associated with these forms of payments. Included in the report are solutions to address the adverse consequences of large-scale remittances to both the United States and the receiving nations.

https://www.fairus.org/press-releases/us-loses-150-billion-annually-remittances-says-new-fair-study

[Fishrrman]

Why aren't we recovering some of this, by way of a "remittance tax"?
10-12% would be a good number.

Use the money to finance border barrier construction, maintenance and patrols.

[Bill Cipher]

Yeah, because capital export controls worked so damned well in every country that tried them.

Whatever happened to “it’s your money, you can do with it as you please”?