Trump's Erroneous Remittance Scheme
Cato Podcast
Cato Institute
4.5 • 979 Ratings
🗓️ 7 April 2016
⏱️ 7 minutes
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| 0:00.0 | This is the Cato Daily Podcast for Thursday, April 7th, 2016. |
| 0:07.0 | I'm Caleb Brown. |
| 0:08.5 | Presidential candidate Donald Trump has regularly pledged to compel Mexico to pay for much of a proposed wall across the US-Mexico border. |
| 0:16.0 | Now he wants to ban remittances from workers in the US back to their families there. |
| 0:21.0 | Alex Narasta, policy analyst at the Cato Institute, |
| 0:23.9 | says it won't work. |
| 0:26.1 | Donald Trump has at least indicated parts of his plan |
| 0:31.5 | to compel Mexico to pay for some portion of the wall he wants to build and goes |
| 0:39.4 | day by day in essentially here's what's going to happen. |
| 0:45.8 | We're gonna put up this, well, here's what's gonna happen. |
| 0:49.8 | We're gonna say, hey, you need to do this, day two, this happens, |
| 0:57.3 | day three, this happens. And he's also indicated that he would ban remittances, that is workers in the United States |
| 1:07.1 | sending their wages or much of their wages to their families in Mexico. |
| 1:12.6 | Yeah, he wants to specifically stop illegal immigrant Mexicans |
| 1:16.6 | from sending money back to their family in Mexico. |
| 1:21.3 | And just to give you a perspective, the total remittances from the US to Mexico are about |
| 1:27.0 | $25 billion a year in money sent back. |
| 1:31.5 | So it's a substantial amount of money going back to these folks. |
| 1:35.6 | Not all that is coming from illegal immigrants. We don't really know what percentage |
| 1:40.4 | of that is coming from illegal immigrants, but it's likely a large part of it is. |
| 1:44.0 | Okay so this includes legal and illegal immigrants to the United States. |
| 1:48.4 | So if you don't like illegal immigration that seems like a good idea of |
... |
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