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Wednesday, February 07, 2018

The money drain

Immigration is more than just war. It is also a very expensive form of foreign aid.
According to a recent Pew Research report, records from The World Bank show that migrants residing in the U.S. sent a staggering $138,165,000,000 (USD) to family members in their home countries in 2016 alone. To name the top three countries that received the most in remittances, funds flowed out of the U.S. in the amounts of $1,754,000,000 to Mexico, $655,000,000 to Canada, and $459,000,000 to the United Kingdom. $28,126,000,000 to Mexico, China $15,418,000,000 to China, and $10,657,000,000 to India.
Keep in mind that the estimated annual economic effect of immigrants, whether positive or negative, is generally considered to be less than one percent of GDP. Since US GDP was 18 trillion in 2016, and since these remittances are NOT included in those estimates, that means that these remittances either a) cancel out the positive effects or b) double the negative effects.

There is no longer any question that immigration is not only bad for the nation and bad for society, it is bad for the economy too.

UPDATE: The author of the article confused incoming remittances with outgoing. Corrected from the original data.

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47 Comments:

Blogger Emmanuel Mateo-Morales February 07, 2018 5:43 AM  

But muh 'this is a nation of immigrants' and muh 'immigrants built this country!'

Anonymous Man of the Atom February 07, 2018 5:50 AM  

Why, that's enough for over 5 Walls!

Blogger Azure Amaranthine February 07, 2018 5:51 AM  

"But muh"

Muh country! < Is the only proper response.

Anonymous vfm February 07, 2018 5:53 AM  

We need to build two walls, one for Trudeau's Canada and one for Mexico. Damn parasites. And those figures don't include welfare payments within the US, crime etc... of course leftard/globaltards will hide all those facts. Tip of the proverbial iceberg.

Blogger APL February 07, 2018 5:53 AM  

I watched Tucker Carlson interview Pramily Jayapal a first generation immigrant and Congress woman, who was advocating for unlimited immigration (Surprise!). Saying " We are a country of immigrants .."

Anonymous RaWRpewpew February 07, 2018 5:54 AM  

I had a look at the data, i think they made a mistake. As i read it the funds that went from mexico to USA is $1.754 billion while the funds from USA to mexico is $28.126 billion.

Anonymous Jordi February 07, 2018 5:54 AM  

Coincidentally, I was thinking about precisely this topic.

Taxing remittances should be a great source of state funding at zero cost for americans.

Anonymous vfm February 07, 2018 5:56 AM  

Basically we are back to building castles with big walls again (feudalism) just on a larger scale.

Blogger Lazarus February 07, 2018 6:11 AM  

@6

Yes. Its is multiple times worse.Some intern at Pew reversed the numbers (probably an immigrant?)

World Bank Interactive Remittance map

Blogger Shimshon February 07, 2018 6:13 AM  

Can Trump impose a tarrif of some sort on remittances? Or does he need a new law?

Blogger VD February 07, 2018 6:18 AM  

I had a look at the data, i think they made a mistake.

Corrected, thanks. The total is correct, but the amounts to the three leading countries were wrong, as the author confused incoming with outgoing.

Anonymous Man of the Atom February 07, 2018 6:31 AM  

Shimshon wrote:Can Trump impose a tarrif of some sort on remittances? Or does he need a new law?

20% tariff on remittances = 1 Wall

Good business!

Blogger exfarmkid February 07, 2018 6:32 AM  

Very sobering. Thank you.

Blogger Shimshon February 07, 2018 6:38 AM  

It sounds like CFPB can do whatever it wants in the name of consumer finance protection, or something like that. So, in the name of CFP, impose a 20% tariff. And since it can do whatever it wants, use 1% to buy some dubious ads and the other 99% to Build The Wall. Again, in the name of consumer finance protection, of course.

Blogger Josh (the sexiest thing here) February 07, 2018 6:41 AM  

26,376 million net remittances to Mexico
17.1 million immigrants from Mexico

Annual drain of $1542 per Mexican immigrant

Blogger Josh (the sexiest thing here) February 07, 2018 6:44 AM  

The Chinese numbers are staggeringly high: average drain of $7271

Anonymous Laz February 07, 2018 6:44 AM  

"20% tariff on remittances = 1 Wall"

I bet it wouldn't even take that. Flat $5 fee for every transaction would probably be enough to build and man it.

Blogger SteelPalm February 07, 2018 6:46 AM  

Absolutely fascinating map. I highly recommend just mousing over the various countries.

-There is definitely a connection between how poorly a country is doing and how much they leech off the US. For instance, France and Germany are the two biggest leeches in all of Europe, at $2.28 billion and $2.78 billion, respectively. Yes, they are two of the larger countries, but Russia, which is much larger, is at a mere $293 million, and the UK, which has a comparable population to France and Germany, is only at $687 million.

Meanwhile, Sweden, at $439 million, is leeching way more than Norway ($89 million) or Finland ($56 million) even when accounting for Sweden having almost twice the population of the other two.

-Surprise surprise, Colombia is leeching the most of any country in South America ($1.537 billion), while Chile, the most prosperous nation in that continent, is only leeching $20 million.

The other two decent nations in South America to live in, Uruguay and Argentina, are also leeching among the least when accounting for Argentina's population.

-Mexico is the absolute worst overall, but per capita Guatemala ($6.76 billion), El Salvador ($4.19 billion), and Honduras ($3.37 billion) are EVEN WORSE.

Other especially bad leechers are the Philippines (jaw-dropping $10.54 billion), Vietnam ($6.67 billion), Nigeria ($5.67 billion), and South Korea ($2.87 billion).

-Central America is the absolute worst, no surprise. However, in a somewhat surprising turn, Asia is second, and far worse than South America or Africa. Hell, Europe is worse than those last two.

Anonymous ZhukovG February 07, 2018 6:47 AM  

When the GE first said that Mexico would pay for the wall, I figured it had something to do with this money and/or a tariff on goods coming in from Mexico. Plus, of course, he really enjoys rattling his opponent's cages.

Blogger Josh (the sexiest thing here) February 07, 2018 6:48 AM  

Nigeria is 18,522 per capita

Anonymous A Texan February 07, 2018 6:52 AM  

Over at Economic Policy Journal, you are a 'da rasis' to point out the problems mass immigration causes. Even though few in Africa, Asia, or South America have any concept of libertarianism or NAP. Heck, you can't even get white Europeans to understand that stuff.

Blogger Not a lefty February 07, 2018 6:57 AM  

Exactly where is this money coming from? With over half of migrants on welfare (thanks, anchor babies!), Pedro sends his lawn mowing money back to shithole while the US taxpayer foots his living expenses.

Blogger Man of the Atom February 07, 2018 7:35 AM  

Handy infographic

Blogger Stilicho February 07, 2018 7:44 AM  

Over 60 million immigrants in this country. Over half of them (65 percent IIRC) on welfare, a net 2/10ths of a job lost per immigrant (being generous per Vox and giving immigrants credit for ALL job creation via the EPR)... that's at least 39 million imported welfare cases (what's the average expenditure per recipient across all welfare programs?), $138 billion of that total not even being spent in US (or to be exceedingly generous again 65 percent or 90 billion), add in costs of crime, destruction of schools, communities, entire states (hi Mexifornia!), heritage, society, national cohesion, etc. It's enough to prove Enoch Powell a pollyanna. In return, we got tacos, fried rice, and a variety of drug resistant diseases.

Blogger Wynn Lloyd February 07, 2018 7:54 AM  

That angers me so much. The arrogance of her thinking she is as American as Heritage Americans.
Infuriating. Bigly so, knowing a bunch of white cucks voted for her.
Also knowing she's ugly as sin, like 90% of those awful-looking South Asian women. At least with Latinas many are ultra hot between 18-23, before their curves become fat.
She's probably has those raccoon dark rings around her eyes. Yet there are cucks who say "muh Aishwarya Rai," who is basically a white woman.

Blogger PHG February 07, 2018 8:03 AM  

Well, shoot. Laz beat me to it. A 20% tax on remittances would give us nearly all of the currently estimated wall costs. (Technically it would give us more than $25 billion, but -- unlike most Liberals who draw up budgets -- I'm assuming that people change their behaviors in response to a new tax.)

Blogger Cecil Henry February 07, 2018 8:07 AM  


You only have to listen to them when they speak honestly, not for cameras, and it becomes very clear.

Their basic assumption is a right and plan the host country will soon resemble their former nation in all ways....

Immigration is about sharing in the exploitation of the country, not sharing in the building or maintaining it.


Always good to point out that the transformation of the US from a 90% White country was the result not of love for humanity but of hatred for White people.

Access to white people is not a human right.

Blogger tuberman February 07, 2018 8:33 AM  

Man of the Atom wrote:Shimshon wrote:Can Trump impose a tarrif of some sort on remittances? Or does he need a new law?

20% tariff on remittances = 1 Wall

Good business!


It will likely start at 15-20%, then move up over time, might not include all counties equally at the beginning, but later will. My guess.

Blogger pyrrhus February 07, 2018 9:00 AM  

As many of us have been pointing out for years, many nations tax remittances, some at 30%...This would pay for the Wall many times over...

Blogger Lazarus February 07, 2018 9:00 AM  

Immigration related:

German women rise up against rapefugees.

#120db

Blogger Ron Winkleheimer February 07, 2018 9:19 AM  

I've seen speculation, don't know if it is correct, that Western Union would be bankrupted if the remittances stopped. I do know that all the local Hispanic markets (and there are a lot of them considering I'm not in a state that is on the border or in the southwest) all advertise money wiring services.

"An estimated 20% of Mexican residents regularly receive some financial support from workers abroad. Such remittances are the mainstay of the economies of many Mexican communities, such as many rural areas in Durango, Zacatecas, Guanajuato, Jalisco and Michoacán."

http://geo-mexico.com/?p=3028

Blogger Ron Winkleheimer February 07, 2018 9:24 AM  

Nigeria

That name is problematic. I mean, look at it. I don't see how any good SJW can condone it.

Blogger Ron Winkleheimer February 07, 2018 9:41 AM  

I know the Spanish word for lawyer, abogado, because of bilingual signs offering assistance to persons of the Hispanic persuasion that may have problems relating to the law. I don't think those guys are going to be big on building a wall. Its actually pretty amazing if you stop to consider the number of people who benefit financially from unfettered immigration.

Lavanderia is the Spanish word for laundromat. I know that because a strip mall was built in a rather nice part of town with various businesses resident, all of which have signs in Spanish. No English at all. One of them is, of course, a good Mexican restaurant. So there's that.

Blogger Ron Winkleheimer February 07, 2018 9:48 AM  

The local community college offers classes on Spanish for Supervisors in various fields, such as construction and health care so that the managers can communicate with the workers, or at least I presume that is the situation. Perhaps construction foremen and RNs working in nursing homes just happen to like learning Spanish.

Blogger Crush Limbraw February 07, 2018 10:17 AM  

Remittances are just one part of the problem - the social welfare costs for federal, state and local governments are enormous - http://www.americanthinker.com/articles/2017/10/illegal_immigration_an_economic_poison_pill.html - add the effect of cultural destruction, it's insane.

Anonymous Anonymous February 07, 2018 10:41 AM  

Immigration is bad for the incoming person as well. Even more so if they do it in bulk because their natural tendency will be to move to where their own people are. My Germin neighbor who migrated shortly after world war ii's did well to assimilate to the degree they did. But even they would admit they were not 100% but they loved and bleed for their new home country. However their kids did well to assimilate. They were smart and the only kids German speaking people for 10 miles. They had no option but to absorb the culture around them. In short they were exceptions, not rules. They did in 1 generation what at best could be done in 3 but they were in extreme cultural isolation.

Now they bring people over that are not even from 2nd or 1st world countries, drop them in a culture that is totally alien to them and then dirt will magically make them American or Swiss or whatever. We do these people no favors by bringing them to an alien place, with alien customers and then put unreasonable expectation that they act like everyone else. Poor Sudanese hasn't even seen snow yet dropping them in Minnesota and wonder why they freak. Hell the white people there freak and they know what's coming this people must be wondering when the world is going to end.

If the dogooders of america want to help these people then we have to help them in their land. For all the Star Trek love these people have they sure love violating the prime directive.

Blogger tuberman February 07, 2018 11:13 AM  

Crush Limbraw wrote:Remittances are just one part of the problem - the social welfare costs for federal, state and local governments are enormous - http://www.americanthinker.com/articles/2017/10/illegal_immigration_an_economic_poison_pill.html - add the effect of cultural destruction, it's insane.

We all know that here, you're preaching to the choir. But, yeah sure, get rid of welfare for illegals, and even new citizens, and tax remittances, and a large portion of all immigrants would leave.
They could try to send cash back through various ways like mail, FedEx, and etc., but as soon as that started the corruption in their home countries would soon get such money stolen. Many come here so they can send money home where the dollars become many times more valuable. About eight years ago I talked with a dot Indian bragging about using USA money to hire cheap servants (virtual slaves), and said he could get a great haircut for a little more than a nickle there, and a two cent tip would make the barber ecstatic.

Meanwhile we get charged more and more for poorer and poorer made products. Japan's Yen has fallen constantly over the last decade and more, but since camera equipment such as Canon and Nikon is monopoly (quality stuff anyway), the prices keep going up in the USA. No Invisible Hand, just manipulated markets through manipulated currencies, and more.

Blogger Unknown February 07, 2018 11:19 AM  

testing

Blogger Brett baker February 07, 2018 12:14 PM  

"Their basic assumption is a right and plan the host country will soon resemble their former nation in all ways.."
Naw, they want bigger welfare checks than the old country gives;)

Blogger Brett baker February 07, 2018 12:16 PM  

"Their basic assumption is a right and plan the host country will soon resemble their former nation in all ways.."
Naw, they want bigger welfare checks than the old country gives;)

Blogger Ryan G February 07, 2018 12:43 PM  

So, let me get this straight.

If I moved to Japan, got a job there, lived there, and possessed zero assets within the United States, I still owe the IRS a portion of my salary in taxes. But if a Mexican lives in the US, works in the US, takes advantage of US welfare programs, he gets to send his money back to Mexico, tax free?

No wonder they all want to come here.

Blogger Akulkis February 07, 2018 12:51 PM  

@dreadilkzee

That is the truth about the alien environment that America is for these third-worlders. Winters in the northern U.S. are mild compared to in the 70's, but school districts now routinely close because "it's too cold" -- translation "dumbass Mexicans and other tropics-dwellers are too stupid to buy winter clothing for their kids."

Blogger Ron Winkleheimer February 07, 2018 1:05 PM  

I always thought that sending Somalis to Minnesota was prima facia proof that they weren't being brought to the US for either their benefit or ours.

Blogger Ron Winkleheimer February 07, 2018 1:08 PM  

Winters in the northern U.S. are mild compared to in the 70's

I remember spilling a cup of hot chocolate on my coat when I was a kid and it flash freezing. It didn't have time to soak into the cloth. It was beads of ice stuck to the coat. And I didn't even live all that far north. This was in southern Ohio.

Blogger Grape February 07, 2018 2:21 PM  

>Nigeria is 18,522 per capita

One of their government officials assured me via email that we should be getting 10 times that coming back. We should be good.

Blogger Latigo3 February 07, 2018 5:37 PM  

That's a lot of beans going to Mexico

Blogger Thucydides February 08, 2018 12:39 PM  

@44
Did he also need your help in setting up a bank account to send all that money back? It could be the same guy emailing me....

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