Can Texas Stop Remittances to Mexico?

3,024 Views | 34 Replies | Last: 3 yr ago by Gator92
Gator92
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4:32p, 7/6/22
Abbott used DPS "enhanced truck inspections" in a effort to encourage Mexican help.

The Texas Department of Banking regulates "Money Services Businesses", which includes currency exchange and money transmission services.

Does the guv or state leg have the power to cut off "money transmission" to Mexico or any other country?
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Irish 2.0
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In reply to Gator92 • 4:35p, 7/6/22
Or just tack on an exorbitant fee that makes it too expensive to send the money.
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eric76
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In reply to Gator92 • 4:37p, 7/6/22
Gator92 said:
Abbott used DPS "enhanced truck inspections" in a effort to encourage Mexican help.

The Texas Department of Banking regulates "Money Services Businesses", which includes currency exchange and money transmission services.

Does the guv or state leg have the power to cut off "money transmission" to Mexico or any other country?
Are you really so anti-freedom that you want to have the government rule the lives of the citizens?
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TriAg2010
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4:37p, 7/6/22
Sounds both inflationary and statist.
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Gator92
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In reply to eric76 • 4:42p, 7/6/22
eric76 said:
Gator92 said:
Abbott used DPS "enhanced truck inspections" in a effort to encourage Mexican help.

The Texas Department of Banking regulates "Money Services Businesses", which includes currency exchange and money transmission services.

Does the guv or state leg have the power to cut off "money transmission" to Mexico or any other country?
Are you really so anti-freedom that you want to have the government rule the lives of the citizens?
Based on your posting history, pot calls kettle black...
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tony
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4:44p, 7/6/22
Government deciding what people can do with there money? No thanks.
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TxTarpon
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In reply to Gator92 • 4:45p, 7/6/22
Gator92 said:
Abbott used DPS "enhanced truck inspections" in a effort to encourage Mexican help.

The Texas Department of Banking regulates "Money Services Businesses", which includes currency exchange and money transmission services.

Does the guv or state leg have the power to cut off "money transmission" to Mexico or any other country?
Western Union Lobby > Us as a lobby
----------------------------------
Texans make the best songwriters because they are the best liars.-Rodney Crowell

We will never give up our guns Steve, we don't care if there is a mass shooting every day of the week.
-BarronVonAwesome

A man with experience is not at the mercy of another man with an opinion.
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Gator92
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In reply to TxTarpon • 4:51p, 7/6/22
Very true and I've no doubt Abbott et al take campaign money from them.

That being said, the Western Unions could help convince Mexico to lock down their borders and immediately deport economic migrants.
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TxTarpon
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In reply to Gator92 • 6:33p, 7/6/22
Gator92 said:
Very true and I've no doubt Abbott et al take campaign money from them.

That being said, the Western Unions could help convince Mexico to lock down their borders and immediately deport economic migrants.
Western Union wants remittance fees.
They don't care about your or my feelings.

If you think a few middle class dudes in Texas are going to stop this cash tsunami.[url=https://news.yahoo.com/mexicos-remittances-surged-27-2021-184613325.html][/url]
Quote:
Mexico's remittances surged 27% in 2021 to $51.6 billion
Mexico is now the third largest receiver of remittances in the world, behind only India and China, and Mexico now accounts for about 6.1% of world remittances, according to a government report.
----------------------------------
Texans make the best songwriters because they are the best liars.-Rodney Crowell

We will never give up our guns Steve, we don't care if there is a mass shooting every day of the week.
-BarronVonAwesome

A man with experience is not at the mercy of another man with an opinion.
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Buck Turgidson
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6:44p, 7/6/22
Seems like you might end up with more illegals if they can't send some $ back home to Abuela. You won't just get the working age male, you might get the extended family too.
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Gator92
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In reply to TxTarpon • 6:51p, 7/6/22
Trump threatened to do it and we saw the results.

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BusterAg
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6:52p, 7/6/22
Why stop them?

1% tax, and fund border patrol.
It takes a special kind of brainwashed useful idiot to politically defend government fraud, waste, and abuse.
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Bird Poo
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In reply to BusterAg • 7:27p, 7/6/22
BusterAg said:
Why stop them?

1% tax, and fund border patrol.
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eric76
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In reply to Gator92 • 7:28p, 7/6/22
Gator92 said:
eric76 said:
Gator92 said:
Abbott used DPS "enhanced truck inspections" in a effort to encourage Mexican help.

The Texas Department of Banking regulates "Money Services Businesses", which includes currency exchange and money transmission services.

Does the guv or state leg have the power to cut off "money transmission" to Mexico or any other country?
Are you really so anti-freedom that you want to have the government rule the lives of the citizens?
Based on your posting history, pot calls kettle black...
Being strongly against government intervention in one's freedoms is somehow being anti-freedom?
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lb3
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7:42p, 7/6/22
I don't think states have the right to regulate interstate commerce.

ETA: Meant international commerce.
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Gator92
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In reply to lb3 • 7:51p, 7/6/22
lb3 said:
I don't think states have the right to regulate interstate commerce.
Does that include Tamulipas, Cohila, Nuevo Leon?
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Saltwater Assassin
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In reply to eric76 • 9:21p, 7/6/22
eric76 said:
Gator92 said:
Abbott used DPS "enhanced truck inspections" in a effort to encourage Mexican help.

The Texas Department of Banking regulates "Money Services Businesses", which includes currency exchange and money transmission services.

Does the guv or state leg have the power to cut off "money transmission" to Mexico or any other country?
Are you really so anti-freedom that you want to have the government rule the lives of the citizens?


I don't think he's talking about citizens…
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TxTarpon
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In reply to Gator92 • 10:18a, 7/7/22
Gator92 said:
Trump threatened to do it and we saw the results.
What were those?
----------------------------------
Texans make the best songwriters because they are the best liars.-Rodney Crowell

We will never give up our guns Steve, we don't care if there is a mass shooting every day of the week.
-BarronVonAwesome

A man with experience is not at the mercy of another man with an opinion.
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pagerman @ work
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10:34a, 7/7/22
I don't know about stopping them, but I wonder if the state could tax them heavily.

But expect Mexico to lose its mind, as remittances represent about 4% of its GDP.

Remittances in Mexico Reach a Historic High
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Gator92
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In reply to TxTarpon • 5:01p, 7/7/22
TxTarpon said:
Gator92 said:
Trump threatened to do it and we saw the results.
What were those?
A drastic reduction of asylum seekers and illegal crossings.

Remain in Mexico, separating families, Title 42, etc. were what discouraged them, but none of those would have been effective w/o the cooperation of the Mexican Government.

Trump threatened them w/ cutting off remittances, tariffs on aluminum and scrapping NAFTA.

If Abbott has the power, he should in the least make the threat.
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AGHouston11
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7:34p, 7/7/22
Freedoms exist for US citizens…….
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Gator92
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In reply to AGHouston11 • 7:37p, 7/7/22
AGHouston11 said:
Freedoms exist for US citizens…….
I'm not free to send Putin money...
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B-1 83
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8:10p, 7/7/22
How do you differentiate between legal workers sending money home and illegals doing the same?
Being in TexAgs jail changes a man……..no, not really
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Gator92
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In reply to B-1 83 • 8:44p, 7/7/22
B-1 83 said:
How do you differentiate between legal workers sending money home and illegals doing the same?
You don't.

Stop all "money transmission" services sending funds to Mexico until the Mexican Government stops US asylum seekers from entering Mexico.
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JSKolache
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In reply to Buck Turgidson • 10:26p, 7/7/22
Buck Turgidson said:
Seems like you might end up with more illegals if they can't send some $ back home to Abuela. You won't just get the working age male, you might get the extended family too.
This is reality since 1980s. They more we enforce, they less options they have ro do seasonal round trips. Ramping up enforcement means once they get here, they stay, and bring whole family instead of sending money back home.

Western Union would go bankrupt without illegals sending money. Quickly.
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Manhattan
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10:33p, 7/7/22
Companies like Barri are owned by some of the most influential people in Texas…
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B-1 83
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In reply to Gator92 • 5:57a, 7/8/22
Gator92 said:
B-1 83 said:
How do you differentiate between legal workers sending money home and illegals doing the same?
You don't.

Stop all "money transmission" services sending funds to Mexico until the Mexican Government stops US asylum seekers from entering Mexico.
Can other countries do the same to Americans legally working abroad if they disagree with some American policy? I like the concept of strangling Mexico where it hurts, but you'd best understand the precedent this would set.
Being in TexAgs jail changes a man……..no, not really
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BusterAg
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In reply to B-1 83 • 8:20a, 7/14/22
B-1 83 said:
Gator92 said:
B-1 83 said:
How do you differentiate between legal workers sending money home and illegals doing the same?
You don't.

Stop all "money transmission" services sending funds to Mexico until the Mexican Government stops US asylum seekers from entering Mexico.
Can other countries do the same to Americans legally working abroad if they disagree with some American policy? I like the concept of strangling Mexico where it hurts, but you'd best understand the precedent this would set.
1) Make it illegal for people that are in the US illegally to send money outside of the US. Require proof of citizenship to transfer money to countries where we have a significant illegal alien problem.

2) Provide a "shelter" for sending money without proof of citizenship or a green card if you pay a 1% tax on the transfer.

3) Profit.

I would be totally OK if every other country in the world enacted this policy.
It takes a special kind of brainwashed useful idiot to politically defend government fraud, waste, and abuse.
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TxTarpon
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In reply to Gator92 • 8:27a, 7/14/22

Quote:
A drastic reduction of asylum seekers and illegal crossings.
That was the "remain in Mexico" not threats on cash transfers.
Quote:
Trump threatened them w/ cutting off remittances, tariffs on aluminum and scrapping NAFTA.
Never heard that.
Never happened either.
The tariff threat was not for illegal aliens.
Quote:
If Abbott has the power, he should in the least make the threat.
Big Banks Lobby >> Your Lobby
Grabbit does nothing without a focus group and looking at the Disantis playbook.
----------------------------------
Texans make the best songwriters because they are the best liars.-Rodney Crowell

We will never give up our guns Steve, we don't care if there is a mass shooting every day of the week.
-BarronVonAwesome

A man with experience is not at the mercy of another man with an opinion.
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tysker
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In reply to JSKolache • 8:32a, 7/14/22
JSKolache said:
Buck Turgidson said:
Seems like you might end up with more illegals if they can't send some $ back home to Abuela. You won't just get the working age male, you might get the extended family too.
This is reality since 1980s. They more we enforce, they less options they have ro do seasonal round trips. Ramping up enforcement means once they get here, they stay, and bring whole family instead of sending money back home.

Western Union would go bankrupt without illegals sending money. Quickly.
Unintended consequences of making it harder to cross the border.
More illegals sticking around and more black market profits
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Gator92
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In reply to TxTarpon • 8:38a, 7/14/22
NAFTA was scrapped. See USMCA

https://www.foxnews.com/politics/trumps-plan-to-seize-remittances-to-mexico-would-greatly-hurt-u-s-latino-leader-says

Again, remain in Mexico wouldn't have worked w/o cooperation from Mexican Government.


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Adverse Event
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8:40a, 7/14/22
Op, are we gonna turn the internet off for Mexico too? Most money is digital.
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TxTarpon
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In reply to Gator92 • 8:46a, 7/14/22

Quote:
NAFTA was scrapped. See USMCA

https://www.foxnews.com/politics/trumps-plan-to-seize-remittances-to-mexico-would-greatly-hurt-u-s-latino-leader-says
[url=https://www.foxnews.com/politics/trumps-plan-to-seize-remittances-to-mexico-would-greatly-hurt-u-s-latino-leader-says][/url]I posted no comment about NAFTA.

Quote:
Again, remain in Mexico wouldn't have worked w/o cooperation from Mexican Government.

That does not change any facts I posted.
----------------------------------
Texans make the best songwriters because they are the best liars.-Rodney Crowell

We will never give up our guns Steve, we don't care if there is a mass shooting every day of the week.
-BarronVonAwesome

A man with experience is not at the mercy of another man with an opinion.
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Gator92
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In reply to Adverse Event • 8:47a, 7/14/22
Most illegals aren't banked. Let alone internet banked.

Ever try to send money to Mexico?

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Gator92
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In reply to TxTarpon • 8:48a, 7/14/22
Trump didn't threaten cutting off remittances?
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