The $100,000 Green Card

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oasis789 Posted: Sun, Dec 11 2011 12:38 AM

There was a guest editorial on Techcrunch today from one Scott Banister,  "an American serial entrepreneur and investor" who co-founded Zivity:

If being defined as “highly-skilled” outweighs the potential costs of immigration, wouldn’t the payment of an entrance tax deliver the same margin of safety? Let anyone under age 50 pay a $100,000 fee toward the retirement of the US public debt, satisfy the usual anti-criminal criteria, and get their green card. No quotas and no requirements to prove that their skills are “special” and “needed”.

Are you grossed out by the idea of selling residency? The potential buyers certainly won’t thank you for your “generosity” in making it free, but impossible, to get a green card by current methods. And given that the Senate recently passed a bill to raise what I estimate could be over $60 million from a fee on an annual green card lottery, do we really think being in the business of selling raffle tickets is somehow more legit than selling the prize itself?

Just 100,000 new residents per year at $100,000 each would generate $10 billion for the public treasury. That would be quite a meaningful contribution to our country, not including the likely economic growth and increased tax revenues from adding these new workers. People capable of saving up $100,000 to invest in a green card are likely to be productive.

I dunno... Well, better paying us than paying the coyotes, eh?

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eunoia replied on Tue, Dec 13 2011 12:19 PM

.

...pending.

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I doubt it would work. Most people who would have the 100k wouldn't want to move here and start over. 

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AKwyn replied on Wed, Dec 14 2011 2:37 AM

This doesn't sound reasonable... I mean the people who do have the skill sets would have to work twice as hard to make $100,000 and with the way the economy is it seems unlikely there will be enough jobs for these immigrants to earn $100,000 to live here.

And seriously, if I had to pay $100,000 to live here; I wouldn't want to live in the US either, I would just move to a place that'd treat me fairly and not offer me an option whether or not to take the gratuitous route of being improved for immigration or paying $100,000 just to get in.

 

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