Show-Me Wire Transfer Crackdown

A bold step from politicos that might provide one less retailer in urban Missouri but doesn't do much to touch more widely used federal banking rules and online tech for money transfer.

To their credit . . . 

This Missouri GOP flex does remind voters how much cash leaves the country by way of foreign labor on which our developer class almost COMPLETELY rely upon . . . 

Translation: This all comes down to RAISING WAGES which some of our conservative friends have been tricked into opposing. 

Check-it . . .  

"Missouri State Treasurer Vivek Malek, flanked by more than a dozen Republican lawmakers, recently announced legislation to curb the flow of money sent out of the country by illegal aliens in Missouri.

"The plan, based on Senate Bill 1124 and House Bill 2412, targets the primary economic magnet driving the crisis at the border, which is the ability to send untracked money back to foreign countries . . . 

"The bills would ensure that Missouri banks and businesses that wire money and sell money orders are following the law and not being used to get around federal immigration rules."

Read more via www.TonysKansasCity.com link . . .

Missouri's new push to stop the flow of money sent out of the country by illegal immigrants