Remembering Milton Friedman, if we tax illegal aliens we'll get fewer of them. But How?! REMITTANCES
Posted by Austin Powerz on 7/1/2025, 19:01:03
Remittance taxes are a means of offsetting the cost of deporting Biden's invasion of foreign illegal alien terrorists and other criminals.
It works like this:
Illegal aliens will typically send money back to their home countries they have obtained by theft, work, drug sales and etc. These transactions are typically done in cash and are a drain on the US economy by giving US GDP dollars to places like Iran, Venezuela, Cuba, Honduras, Bulgaria and the like. This boosts their economy while shrinking ours.
By taxing their remittances we remove some of that bite. Biden's tax rate was ZER0 Percent.
The Big Beautiful Bill will likely set this rate at 3.5% although in bill negotiations it has been as high as 5%.
Models show this will raise as much at $50 Billion.
Milton Friedman: "If you tax something, you get less of it."