It has been suggested that the billions of dollars stripped from the Australian economy by personal remittances by immigrants should be taxed, at the rate of 30%.

Wealth earned in Australia should be spent in Australia.

The Word Bank estimate puts the figure leaving Australia annually at $24-$25 billion. Other estimates are as high as $38 billion, earned “through employment in Australia”, supported by Australian infrastructure and public services, lost by Australia.

The claim that high immigration will strengthen the Australian economy is undermined by the “billions of dollars” being sent out by immigrants to the folks back home.

The 30% levy would produce substantial revenue, and provide strong incentive for more Australian-earned money to remain in Australia, spent and invested in Australia.

The costs of billions of dollars being denied to Australia and going overseas still remain in Australia, via housing, infrastructure and public services.

(Source: Revive Australia)

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A No-brainer ! I not long ago mentioned an Asian woman pushing so many $50 notes into the ATM it made several of us dizzy just watching ! Another one actually told me she sends an average of 10 grand/month !