A 25% EXCISE TAX ON REMITTANCES WOULD BUILD A PRETTY GOOD WALL: “Last week, Mexico’s central bank reported that for the first time since statistics have been kept, the $24.8 billion in immigrant remittances received have surpassed Mexico’s $23.4 billion in oil earnings, meaning that the government of Mexico is more dependent than ever on the earnings of maids and gardeners in the U.S. to keep itself afloat.”
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