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[–] 17929229? 0 points 3 points 3 points (+3|-0) ago
30 billion dollars is not 30% of their GDP.
https://tradingeconomics.com/mexico/gdp
2018 GDP for Mexico was 1150 billion dollars.
[–] 17932758? 0 points 2 points 2 points (+2|-0) ago
Or in other words slightly under 3%.
But a 3% hit to their GDP would be enormous.
The US could ban it, which would make much of it disappear and move the rest to illegitimate services, which could then sometimes be found and confiscated. Or it could be taxed; probably not more than a few percent, or that would also tend to drive it underground. It'd definitely help with paying for the wall though.
[–] 17934894? ago
3% GDP is a big hit, and probably a lot bigger of a hit for the central American countries which would be affected approx 15 billion total. More importantly it deincentivizes this behavior and makes it less profitable to exploit the USA as they have been for many decades.
[–] 17942506? [S] ago
Maybe this was confused....https://criminalsandliars.wordpress.com/2018/07/02/mexican-exports-to-the-united-states-comprise-30-of-its-entire-economy/
That would be a little less than 10%, but we could tax the shit out of the rest of their exports too. Either way, we have them by the balls if we want to use the leverage.
[–] 17942748? ago
Its ok, it's good news either way. Remittance payments should be heavily penalized, especially given the fact that Mexico is doing almost nothing to prevent the flow of Central Americans going through their country and nothing to aid in prevention of illegal migration to the USA. De-incentivization of one of the main reasons for these illegal immigrants coming here is a big step toward getting them gone. Reduces the influx pressure across the border and makes the job of our BP and ICE members easier. It's good policy. Mexico owes a lot to us. Living right next door to the biggest dog in the yard has its advantages and they'd be wise to not forget to count their blessings.