Tucker Carlson recently interviewed El Salvadoran president Nayib Bukele. The pair discussed topics ranging from Bukele’s policy successes to the ‘death of the West’ and Donald Trump’s potential reelection to President of the United States. As the interview drew to a close President Bukele mentioned something that immediately caught our attention: The Salvadoran President claimed that 62% of Salvadorans in the United States wanted to return to El Salvador and that 18% of Salvadorans in the United States were already actively engaged in planning their move.
An official government page of the El Salvadoran state further reinforces this claim with promotional material about the successes of El Salvadorans in their homeland from abroad and a section titled Incentives and Exclusive Benefits for Salvadorans abroad.
This page lays out a series of benefits designed to attract El Salvadorans back to their homeland and makes mention of a special law that the nation’s congress has already passed. The Special Transitory Law of Incentives and Preferential Treatment for the Repatriation of Salvadorans lays out a series of benefits such as making it easier to import vehicles from abroad, the ability to transfer goods (including furniture and other movable goods) without any taxes, and access to local banking with minimum requirements.
This is a fantastic suite of policies and, if the 62% figure is accurate, it would mean that more than 1.5 million of the 2.5 million El Salvadorans in the United States are looking at returning to their home country now that Bukele has made it the safest nation in the Western Hemisphere.
Bukele is now turning his attention to economic growth, infrastructure development, and increasing the standard of living for Salvadorans. His administration evidently thinks that bringing in the resources, money, and better education of Salvadorans abroad will strengthen the country immensely.
One problem, that Bukele addresses in his interview with Carlson, is that the country is entering a real estate crisis. This crisis is not related to a booming population, but instead related to the increased safety in the nation. Before Bukele resolved the gang-related problems properties were undervalued in so-called “red zones” where gangs were in control. These zones covered much of the country but today no longer exist. Because of this property values are readjusting, and prices are jumping rapidly.
Bukele, rather than implement price fixing or rent controls, has said he wants the construction sector to grow to meet demand and bring prices down through the addition of new housing units. This is an admirable goal but will hinder the immigration of the hundreds of thousands of Salvadorans that Bukele’s administration wants to bring home.
Where America comes into play:
This is where a self-interested United States should step in.
There are currently 1.3 million Salvadoran immigrants in the United States, according to the Pew Research Center. Each of these immigrants will cost American taxpayers hundreds of thousands of dollars each, and billions of dollars in total. The Center for Immigration Studies estimates that each immigrant costs the American taxpayer $68,000 over the course of their lifetime, which means that the 1.3 million Salvadorans will cost the American taxpayer some $88.4 billion. A figure which is more than twice the size of El Salvador’s $37 billion GDP.
Other estimates originally produced by Alternative Hypothesis and updated by this publication show that each native-born Hispanic costs the US taxpayer roughly $746,000 over the course of their lifetime when taking into consideration encounters with courts, the police, local government, and a range of public services and costs beyond simply welfare. Utilizing this figure indicates that the total population of 1.2 million Salvadorans in the US would cost the American taxpayer some $11.7 billion per annum over the course of a 76-year average lifespan.