https://padlet.com/StudentAmbassadorGroup/remittancesdebate en-us 2021-12-01 19:47:20 UTC 2021-12-01 23:47:59 UTC hello@padlet.com https://padlet.com/StudentAmbassadorGroup/remittancesdebate/wish/1923936667 We should not tax remittences because they will further harm the poor people and further the gap.]]> 2021-12-01 23:22:06 UTC https://padlet.com/StudentAmbassadorGroup/remittancesdebate/wish/1923936667 https://padlet.com/StudentAmbassadorGroup/remittancesdebate/wish/1923938553 Difficult to enforce and control taxes]]> 2021-12-01 23:24:22 UTC https://padlet.com/StudentAmbassadorGroup/remittancesdebate/wish/1923938553 https://padlet.com/StudentAmbassadorGroup/remittancesdebate/wish/1923939981 It is possible to reinforce new types of economic dependence, and created the economic situation that is highly influenced by the US domestic economic situation and US citizens sentiment toward immigrants. ]]> 2021-12-01 23:26:05 UTC https://padlet.com/StudentAmbassadorGroup/remittancesdebate/wish/1923939981 https://padlet.com/StudentAmbassadorGroup/remittancesdebate/wish/1923940714 Government could benefit from taxes and could put in social programs (hypothetically).]]> 2021-12-01 23:26:59 UTC https://padlet.com/StudentAmbassadorGroup/remittancesdebate/wish/1923940714 https://padlet.com/StudentAmbassadorGroup/remittancesdebate/wish/1923942031 Taxing would resort to people finding alternative and potentially illegal ways to get money to other countries that would be cheaper than the taxes]]> 2021-12-01 23:28:33 UTC https://padlet.com/StudentAmbassadorGroup/remittancesdebate/wish/1923942031 https://padlet.com/StudentAmbassadorGroup/remittancesdebate/wish/1923942582 Gets money to those who need it without the risk of middle men taking a piece

]]> 2021-12-01 23:29:12 UTC https://padlet.com/StudentAmbassadorGroup/remittancesdebate/wish/1923942582 https://padlet.com/StudentAmbassadorGroup/remittancesdebate/wish/1923945458 Money coming out of the pocket of American citizens when in reality this money for aid should come from taxes. ]]> 2021-12-01 23:32:12 UTC https://padlet.com/StudentAmbassadorGroup/remittancesdebate/wish/1923945458 https://padlet.com/StudentAmbassadorGroup/remittancesdebate/wish/1923945785 Tax is one way to deal with the inconsistency of exchange rate]]> 2021-12-01 23:32:36 UTC https://padlet.com/StudentAmbassadorGroup/remittancesdebate/wish/1923945785 https://padlet.com/StudentAmbassadorGroup/remittancesdebate/wish/1923946836 Money sent via remittances is not enough to cover countries needs ]]> 2021-12-01 23:33:45 UTC https://padlet.com/StudentAmbassadorGroup/remittancesdebate/wish/1923946836 https://padlet.com/StudentAmbassadorGroup/remittancesdebate/wish/1923947711 would taxing be the same for every country or dependent on another factor? If it was different it could harm particular countries.]]> 2021-12-01 23:34:36 UTC https://padlet.com/StudentAmbassadorGroup/remittancesdebate/wish/1923947711 writeian https://padlet.com/StudentAmbassadorGroup/remittancesdebate/wish/1923957058

They allow residents of developing countries to pay for basic necessities and improve living conditions.
 

They are sometimes used to start or support an income-generating activity like a small business or family farm.
 

They often fund education for family members attempting to climb out of poverty.
 

They act as a privately-funded foreign aid program that costs U.S. taxpayers nothing.
(https://www.fairus.org/issue/publications-resources/united-states-loses-150-billion-annually-remittances

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Large infusions of foreign cash into developing economies often increase exchange rates. That means U.S. dollars suddenly buy significantly less of the local currency. Increased exchange rates also tend to result in inflation, diminishing the purchasing power of local currency and raising prices.
 

A consistent flow of externally-generated capital often impedes, rather than encourages, the type of entrepreneurial activity that is necessary to improve developing economies.
 

Remittance payments act like a welfare program, dis-incentivizing participation in the labor force. If one’s financial needs are being met by a benefactor abroad: Why pursue job training or seek employment?
 

Unlike government-sponsored foreign aid, remittance payments are not invested directly into physical and societal infrastructure programs, and they rarely come with any conditions. Recipients of remittance payments are free to use their foreign cash in any way they see fit.
(https://www.fairus.org/issue/publications-resources/united-states-loses-150-billion-annually-remittances)

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