Tuesday, April 05, 2016

Trump explains how you pay for a border wall - and - stop the 1% from sheltering trillions offshore...,

WaPo |  Starting on “day 1,” Trump writes, he would issue a warning to Mexico that unless it pays his desired amount, he will promulgate a new federal provision that would lead to a sweeping confiscation of funds sent by Mexicans in the United States who lack documentation of their “lawful presence.”

On “day 2,” Trump continued, “Mexico would immediately protest.” But he would declare that Mexico must choose between the enforcement of his provision or acquiescing.

To explain how he would have the standing to pursue his aggressive strategy, Trump begins by citing a provision in the Code of Federal Regulations that sets the standards for financial institutions in identifying their customers.

That provision, Trump says, makes it possible for the executive branch to “issue detailed regulations on the subject.” He predicted that Mexico would react by initially balking, then doing what he wants.
Trump writes that “if the Mexican government will contribute $__ billion to the United States to pay for the wall, the Trump Administration will not promulgate the final rule, and the regulation will not go into effect.”

Many academics and economists have said that Trump’s notion of impounding remittances could have devastating consequences, harming poor communities and families who rely on funds from abroad to provide food and shelter.

Other aspects of Trump’s plan include“trade tariffs, or enforcement of existing trade rules,” “cancelling visas” and “visa fees.” Trump leaves open the option of using those methods to coerce Mexico.

“Our approvals of hundreds of thousands of visas every year is one of our greatest leverage points,” Trump writes. “We also have leverage through business and tourist visas for important people in the Mexican economy.”

Trump ends with a scathing critique of Mexico, claiming that it has “taken advantage” of the United States for years through “gangs, drug traffickers and cartels” responsible for “the extraordinary daily cost of this criminal activity.”

“We have the moral high ground here, and all the leverage,” Trump concludes.