dannno
Member
- Joined
- Dec 19, 2007
- Messages
- 65,717
If you want to say that fungibility means that no sources of income to the federal government can be tied to any specific spending, because money is fungible, then the fair conclusion from that would be that the amount of Mexico's contribution to paying for the wall is equal to the ratio of federal revenue coming from Mexico to federal revenue from all sources.
I don't know what that percent is. But tariffs account for 2% of federal revenue (they were 1% before Trump increased them). Imports from Mexico account for 14% of all imports to the USA. So we could reasonably estimate that the amount of the wall that was paid for by Mexico is about 0.3% of it, due to the fungibility of money. Digging into the details may result in a slightly different number than that, but that's in the ballpark.
And that's if we grant the dubious premise that those tariffs really are paid by Mexico and not American consumers.
They also put their military at the border in the meantime as a temporary stop-gap. That's even better than helping pay for the wall, because the effects are seen sooner while we build. Not sure what happened with that, they probably pulled out when Biden came in.