Thursday, October 19, 2006

Remittances, Remittances

The San Antonio Express-News reports that the top five states for immigrants sending money to families back in Latin America are:

California: $13.3 billion annually

Texas: 5.2 billion

New York: $3.7 billion

Florida: $3.1 billion

Illinois: $2.6 billion

Total annual remittances to Mexico amount to $24 billion.  The full article can viewed by clicking here.

As this suggests, remittances from migrants in the United States are important economically for Mexico and other nations.  That is one reason why other nations pay so much attention to U.S. immigration law and policy.


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Pay attention to immigration law? Don't you mean ignore immigration law? If Mexico paid attention to our immigration laws maybe it would respect it and discourage illegal immigration as an insult to our national sovereignty. Whatever we do in the way of passing new laws to prevent illegal immigration, Mexico will rant and rave and claim that we have no right to do so.

Posted by: George | Oct 20, 2006 4:13:45 AM

Illegal immigration advocates say that illegal aliens contribute to our country by paying income taxes, sales taxes, Social Security, etc., but remittances make them only minor contributors to our economy compared to the average citizen who spends most of his wages on retail sales in the homeland. Even Social Security would ultimately be a liability if illegal aliens end up collecting, as payees receive more than they put in. Remittances make a sucking sound which is only music to the ears of Mexican politicians.

Posted by: George | Oct 20, 2006 12:22:53 PM

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