What are remittances and how does it hurt the American economy?
Illegal aliens living and working in the United Staes of America send their money to their home countries thus removing billions of dollars from the U.S. economy.
Before I continue, understand that some of these remittances are not just from wages earned in the U.S. but from the endless supply of free cash handed out to illegal aliens in the thousands of dollars during the horrible Biden Administration.
How much are we talking about?
Over 373 million dollars in one month, January 2025, to the nation of Nicaragua. This is a small nation so how important are these monthly remittances to the Nicaraguan economy? Well, “In recent years, Nicaragua began documenting a dramatic surge in remittances sent from abroad to local friends and relatives, overwhelmingly driven by Nicaraguans living in the United States. According to information published by the World Bank in December, remittances amounted to over 27 percent of Nicaragua’s entire Gross Domestic Product (GPD) during 2024.” Over 27 percent! Can you now begin to understand how open our borders were to create a work force or welfare state of Nicaraguans so large as to send that many remittances?
How much of the total remittances come from the United States into Nicaragua? A lot, “Of the yearly total received by Nicaragua in 2024, $4,340.2 billion, or 82.8 percent, originated from the United States.” So over 4 billion dollars were removed from our economy. Do you think that is good or bad for the U.S.?
The Federation for American Immigration Reform (FAIR) states the enormous amount of dollars lost annually, “The net result is that workers are sending roughly $150 billion out of the U.S. economy each year. That money is not spent on goods or services in the United States. As a result, it is not subjected to sales taxes, excise taxes, restaurant taxes, etc. In addition, neither the vast majority of states nor the federal government impose a tax on overseas money transfers. The loss of tax revenue – that could be used to pay for a large number of public services consumed by aliens in the United States – is staggering.” This is a great point missed by almost everyone and that is Americans are footing the bill to feed, educate, shelter, clothe, etc. illegal aliens and what do we get in return, nothing. Worse than nothing, these same individuals remove our dollars outside of the American economy.
FAIR continues on in the article to explain the negative effects on the American economy, “The money sent abroad is typically disposable income (that would often be spent on small luxuries). These small luxuries are subject to sales taxes, restaurant taxes, excise taxes, resort taxes, etc., known as “consumption taxes” (taxes levied on money spent, rather than upon money earned). Most state and local governments rely on consumption taxes to provide the revenue necessary to maintain roads and fund important services such as fire and police protection. When immigrants remit portions of their income to other countries, it places more pressure on the local jurisdictions in the states where they reside to make up that lost revenue elsewhere. This often results in higher overall taxation rates.”
Interestingly, our government does not tax remittances, but they tax everything and everyone else in America. Why? It doesn’t take a genius to understand that American workers are the world’s workers. Our government has taken trillions of our hard-earned dollars and pissed them away to foreign nations, foreign wars and to every absurd international program one could imagine. Here is a quick question? What other nation on the face of this planet extracts taxes from their citizens and then sends that money to America? We know this answer…
DOGE is exposing the insane corruption that has consumed our government. Are we really 36 trillion in debt because of overspending or maybe, did the federal government and the traitorous politicians steal our money and then gave it to foreign nations and to themselves thus creating this debt?
It is crystal clear that the American is the last concern of our government. In fact, the American is the last consideration in the entire conscious of the global empire. What would happen if we had strict immigration policies, tax remittances, stop sending trillions of dollars overseas, stopped taxing our own citizens into debt, and used all of the monies collected from American workers on the betterment of America?
Just think about what America could have done with the 8 trillion dollars we threw away on the endless Middle Eastern wars we have been engaged in for the last 20 plus years. Honestly, what could we have done? Every road, every hospital, every school, every airport and mass transportation, and every social program could have been built brand new. We could have NOT taxed Americans for years thus allowing the people with true skin in the game to get their money and grow wealth and security.
Again, ask the question why and ask it over and over again!
President Trump and DOGE are exposing the fact that the United States federal government and the politicians on both sides are the enemy of the people.
If you don’t like my assessment, then please prove me wrong. I want to be wrong, but I know I am not but please go ahead and try to change my mind…
You're not wrong. It's that simple.
The money goes out to foreign countries from our government, they get to keep a small percentage of it and the rest comes back and kickbacks to elected officials and it's not just the Democrats. The Republicans are doing it too and they all need to be fired!