Monthly Archives: April 2011

Migrant Remittances Dwarf Foreign Aid

Economy, Foreign Aid, Taxation, Welfare

Governments are good at talking-up the “charitable” nature of their wealth transfers, especially when budget cuts loom (the kind that threaten bloated bureaucracies). U.S. government aid, however, doesn’t come close to private American charitable donations in any given year (link). Private foreign aid greatly exceeds U.S. government aid. And the former, unlike the latter, can be channeled to recipients the donor – not government – favors. The depth and the consistency of America’s voluntary giving obviate the need for political pelf, i.e. foreign aid.

No devotee of Sir Peter Bauer, author of “Dissent on Development” and the foremost authority on foreign aid, takes seriously the warning (here) that the GOP’s meager proposed budget cuts “would cause the deaths of at least 70,000 children around the world who rely on American funding, according to the government agency in charge of foreign aid.”

Here is another interesting figure that further puts in perspective the $15 billion or so of foreign aid stolen from American taxpayers:

According to the “Atlas of Human Migration,” published in 2011, thanks to the opportunities created (indubitably, by and large, in developed nations), the remittances “sent back home by migrants in 2007 was an impressive $250 billion, putting the $103 billion sent in development aid, in the same year, to shame.” (TLS March 4, 2011)