Also in this playlist...
This transcript is automatically generated
Are you -- a lot this week about immigration reform but take a look at this these are staggering numbers the US sending 38.
Billion dollars in foreign -- out last year.
Our next guess though has a very interesting idea says if we embrace immigration reform we could save billions.
By stopping that money from going to corrupt governments -- nick -- watts Stanford law.
And vice president of research at singularity university joins us now -- Explain this event you're basically saying hey let's invest in the people what the people come in from other countries and have instead of -- sending money to the governments have -- send money back to their families.
-- look at what happens when we give my money do these corrupt governments -- of the world then -- themselves.
They have it -- you know maybe it wanted to percent of it will trickle down to that they both.
But the US have a gets credit for than ever hear that hey this is American money that's doing good for you it just didn't -- -- makes -- corrupt bureaucracy is bigger and bigger.
On the other hand look at immigration we get great people coming over here.
-- work extremely hot here is that they help us build our economy they help us make America stronger more competitive.
And then they go back and they send money to to that time is over -- they tell them hey.
Look at this amazing country with freedom democracy.
Free markets and look at how much success have limited -- here don't you wanna be like this.
It makes it -- showing some of these figures in the street right -- called remittance which basically come here in the United States and last year the total likely was a 120 billion dollars.
From these immigrants sent back -- for migrant workers sent back to their families in their native countries so.
Obviously that's a big round figure.
We'd still be as a government giving aid to those foreign governments though wouldn't wait a minute wouldn't it would -- solve -- problem -- just think that we should change course.
I would I would give disaster before and there's the -- earthquake in Haiti you definitely -- to do it.
But then not giving billions of dollars to these governments to buy military goods -- to buy other stuff I mean this is a deficit compared with demanding it really does.
Go to corrupt officials -- of people so it's it's a wrong way who is when you bring people over here it goes to the lowest levels.
And we didn't mean big week -- -- investors talking about American -- does when -- -- an argument for an economic argument.
For immigration reform right I mean it's maybe is not the only one yes but you -- I would -- heavy fed to make that argument just because given heard this much this week -- -- -- should immigration reforms and economic boost this year should we say that.
It could be a man if we did it drives them and I I don't trust our government.
How politicians not to screw something up over here so it did this hope that we -- -- and they sensible -- -- which gives economy huge boost because you have.
Millions of people -- -- -- -- in the economy in a meaningful way.
Will hopefully bring in skilled immigrants and start creating jobs.
By starting companies there's a lot of good that can complement if we don't screw it up yet but if we if we do that the other side benefit is -- By bringing in these great people -- Send money to -- put relatives abroad.
Who now will become American fans -- -- we're doing it right and then you exactly does the money's coming from here they're from their relatives here -- backlog law.
Good argument for your point of -- certainly thanks for coming out.
On the best.
Filter by section