Bulk Cash Pays for the Wall

In the hyper-charged debate over the merits of building “the wall” along the U.S.-Mexico border and its funding impact on a possible government shutdown, I would like to propose a solution.  The focus has largely been on contraband and illegal immigrants going north.  We largely ignore the other side of the equation; i.e. illicit proceeds – mostly in the form of bulk cash – flowing south.  If we could recover just a few percentage points of the tens of billions of profits from the sale of drugs and other transnational crimes (TOC) that annually flow south across the border, we could pay for the wall.  Moreover, targeting the illicit proceeds should be palatable to both Mexico City and Washington DC, and may serve as a basis for enhanced U.S.-Mexican cooperation on illicit trafficking and related TOC. During the recent presidential campaign we heard that Mexico is going to pay for the wall.  Taxes on certain goods imported from...(Read Full Article)

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