Taxing imports from Mexico to pay for the wall?

But will they approve it?

340six said:

But will they approve it?

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I don't think there will be much a choice thanks to Harry Reed's "Nuclear option."

sliguns said:

There's not much to get, either way Americans pay under this plan.

Mexican goods are taxed, those costs are pushed down to American Consumers, the goods sell successfully and thus Americans funded the wall.

or

Mexican goods are taxed, those costs are pushed down to American Consumers, the goods don't sell and thus Americans fund the wall b/c the govts plan for resources never pans out and we are stuck with the bill since we built the wall with our tax dollars.



And if the mexican goods do not sell, then that really blows a hole in the idea that mexico pays for the wall! They can't pay for it if the goods don't sell...and whether we are given the choice or not seems to be "moving the goal post" so to speak. The campaign promise was never: As your president, I pledge to give Americans the choice of funding the wall or not.

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Sli, this woman Joy Reid (a national correspondent at MSNBC, American cable television host and political commentator, A.B. from Harvard. Clearly Reid is a liberal, but sound logic in this case) verbalizes quite well what we were saying (ok typing). Makes a lot of sense about who exactly will pay for the wall and the economics after the fact.

https://www.facebook.com/thelastword/videos/1192903757431135/?hc_ref=NEWSFEED

Here too is a really good article from marketwatch (a long established business/finance website) on that trade deficit Trump harps on. Notice we buy great volumes of car parts, vehicles, tvs and video equipment, and crude oil from Mexico.The items which Mexico purchase from us in a favorable imbalance are electrical components, computer parts, computer chips which no doubt are used to assemble tvs, electronics, appliances, computers and peripherals which end up here to be sold in the USA. And we purchase a fair amount of fruits and vegetables from them for our consumption.

http://www.marketwatch.com/story/trump-calls-us-mexico-trade-one-sided-heres-the-reality-2017-01-26

The bottom line is Mexico is our cheaper labor source. And they didn't build that on their own, our politicians and American businesses enabled that to occur. We over the last 25 years have moved factories there, trained and developed mexican workers and their infrastructures.
Putting tariffs on mexican imports to America will directly result in higher costs of goods to the American consumers. Oh sure it will hurt the mexicans too, but it will hurt us dearly. Our goods will cost more both short term and long term. Our domestic labor costs cannot compete with mexican labor costs, not even close. That is what motivated American businesses to move manufacturing and assembly south of the border to begin with.

And we will go back to buying 'made in America'. It'll cost more at the register but in the long run we'll save money- illegal health care, education, etc.
Not sure I'm in favor of the plan but...

OTOH, taxing western union money leaving the country for South America is brilliant.

LACamper said:

And we will go back to buying 'made in America'. It'll cost more at the register but in the long run we'll save money- illegal health care, education, etc.
Not sure I'm in favor of the plan but...

OTOH, taxing western union money leaving the country for South America is brilliant.

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It really is brilliant. Economically dollars leaving the US to be a part of someone else's economy is worse than someone burying money in their back yard.

usmc-nav said:

Who do y'all think are going to pay for the wall? Put a tarrif on Mexico
And if Mexican goods become to costly then BUY AMERICAN. It amazes me
How people want the wall but then complain that we might have to pay
For the wall.

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We don't want to pay for it bc Trump said we wouldn't have too!!!

Whitebread said:

It really is brilliant. Economically dollars leaving the US to be a part of someone else's economy is worse than someone burying money in their back yard.

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This is one of the only true ways to make Mexi-cans pay for the wall...though technically still not Mexi-co...and I don't think there is enough to pay for the wall, not even a great portion of it either.

sliguns said:

This is one of the only true ways to make Mexi-cans pay for the wall...though technically still not Mexi-co...and I don't think there is enough to pay for the wall, not even a great portion of it either.

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There was a story that ran election night on BBC that discussed how expatriated money from the US is +70% of Mexico's economy. Mexico is number 11 in the world in buying power so while it wouldn't pay for the wall instantly it would reimburse Americans quicker than you would expect. The money has been appropriated for the wall for More than a decade. We should build the wall with the appropriated money and proceed with collecting the expatriation tax. But some days I feel like David Levinson in Independence Day.