“I would build a great wall, and nobody builds walls better than me, believe me, and I build them very inexpensively.” – Donald Trump
As President Trump’s started to set in motion his plan to build an ” impenetrable, physical, tall, powerful, beautiful, southern border wall”- BBC New, between the US and Mexico, people have started questioning where the money is going to come from.
The border is about 3,100 km long and traverses all sorts of terrain. Mr Trump says his wall will cover 1,600 km and natural obstacles will take care of the rest. Mr Trump estimates that it will cost around 10-12 USD billion dollars but estimates from engineers seem to be universally higher. The government already started to put down fencing which has covered 1000 km has already set them back more than 7 billion dollars.
According to House Republican officials, members of Trump’s transition team have told Republicans in Congress that the president-elect wants to pay for the border wall upfront through the appropriations process and then later seek reimbursement from Mexico.
This means that the more than 73 million people who voted for the other candidates like Hillary Clinton would have to pay for a border monstrosity they never supported or wanted. This would cause a lot of conflict and riots.
The opportunity cost for building the wall are very high. The money could be used to invest in different government project. For example, if Trump has to take money that would have been previously allocated to Healthcare to build the wall, many Americans will suffer when public healthcare cant afford new technology or to expand their operation, meaning there is a high chance that living standards will decrease as a result of the wall being built
Donald Trump’s wall has potential to have colossal repercussions for America’s economy. If the wall is built it will likely cause the everyday American to suffer as the opportunity cost of the wall is huge. Is Trump making the right decision? Only time can tell.
Reference : http://www.bbc.com/news/world-us-canada-37243269