Immigration hurt money transfer business
Controversy over illegal immigration hurt Western Union's business in the second quarter, as immigrants in the United States became less willing to send money to their families in Mexico, the chief executive of Western Union's parent company, First Data Corp., said Friday.
"In May and June, more than 2,000 migrants were arrested across the United States," he said. "You can imagine the ripple effect that these arrests are having on the community... It's inconceivable that these developments would not have an impact on money transfer industry."
Boohoo. Can you imagine a bussiness journal writing a story about how a crackdown on drug cartels was hurting the bottom line of some company? How did we get the the place where so many people seem to think that it is ok to profit off of certain crimes?
I am going to ask state legislators to introduce a bill to tax all money wire transfers out of this country. Now this will be the one tax that democrats won't like so to make it even funnier when they vote against it we should specify that the tax revenue be dedicated to bike paths, public art, queer resource centers and "the children."