Thursday, January 26, 2017

Trump's wall would steal tens of billions from individuals and corporations

Trump intends to build the wall and still claims that Mexico will pay for it. Mexico has and continues to refused to even consider the possibility. It is sovereign nation, which means there is nothing Trump can do to force them to pay for it. Trump now claims that taxpayer money will be used to build the wall and afterwards he will force Mexico will repay them.

Trump tweeted:

The dishonest media does not report that any money spent on building the Great Wall (for sake of speed), will be paid back by Mexico later!

Trump is proposing to confiscate money sent to Mexico by those living in the United States. Bob Woodward and Robert Costa reported in the Washington Post in April, 2016

“Donald Trump says he would force Mexico to pay for a border wall as president by threatening to cut off the flow of billions of dollars in payments that immigrants send home to the country, an idea that could decimate the Mexican economy and set up an unprecedented showdown between the United States and a key regional ally. “

On January 25, 2017, it was in the USA Today that Trump told ABC News:

“Trump's plan calls for Mexico to pay through a combination of factors, including increased fees and taxes to cross the southwest border, and withholding remittances that Mexican nationals in the U.S. send back to their families in Mexico. He could need some help from Congress there to create a legal mechanism to withhold that much money. The plan could also face legal challenges.”

What Trump is proposing to do is confiscate money that is sent from the United States into Mexico. It is nothing short of the theft of billions of dollars. When money is electronically transferred from place to place, there isn't a litmus test for ethnicity or national citizenship. You don't need ID to send just to receive the funds. Traditional Western union drafts, money orders, and bank drafts are nearly anonymous, especially when they are paid for with cash or prepaid credit and debt cards that are readily available. Internet providers such as Paypal, send money fast and easily with the only requirement being an email addresses to set up the account to send and receive the funds. The only way to stop the flow is to confiscate all electronic funds and open all letters going into to Mexico, which means that all people and corporations paying for goods and services in Mexico would be robbed of their money.

Those, who think this would be a way to force Mexico to pay for the wall, need to remember commerce flows in both directions across borders. Mexico and other countries could and would reciprocate by seizing funds and assets within their borders. Those, who have hidden their financial assets in the Cayman Island, Switzerland or other countries to avoid paying taxes, could suddenly find their accounts frozen and emptied

If Trump signs an Executive Order to seize the funds it will be challenged and be over turned either by Congress or the Supreme Court. Not even the President can circumvent the law and what Trump proposes is widespread, indiscriminate theft. Once over turned, Trump will point the finger and blame others for taxpayers footing the bill for the wall. Like always, he will refuse to take responsibility for his ignorance of the domestic and international law as well as the fallout from the damage he causes.

No comments: