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Notes -
Raising the Price of Admission
I find myself immensely frustrated by Trump's recent moves to cut down on immigration, especially replacing the EB5 with his new golden ticket scheme.
I've always wanted to move to the States, but by virtue of being Indian, and in a profession with strict regulatory requirements, it was never easy. As of right now, I can't sit for the USMLE if I wanted to, but I believe that is a problem my uni could solve, unfortunately I'm locked into the UK for at least 3 more years and don't have the time to breathe down their necks.
If I wanted to spend $1 million for the old EB5, I'd probably have to sell a significant fraction of my familial assets, and they're not mine yet, I have a sibling and parents to think of. The fact that we even have that much, when my father made $50k at the peak of his career as a OBGYN surgeon, represents a lifetime of my parents being frugal and living beneath their means. My dad started out from scratch, a penniless refugee, and all his life he worked tirelessly to make sure his kids wouldn't have to work as hard as he did. To a degree, he's succeeded. I nearly make as much as he does, but that's virtue of grinding my ass off to escape India. I had to settle for the UK, whereas I'd much rather be in the States.
The EB-5 program already functioned as a high barrier to entry, requiring not just capital but also the ability to invest in ways that met the job creation criteria. By raising the price to $5 million, the U.S. is effectively signaling that it no longer wants "entrepreneurial upper-middle-class" immigrants - it only wants the ultra-wealthy. The problem, is that the truly ultra-wealthy already have multiple options. The US is relatively unique in dual-taxation, and has heavier taxes overall when compared to some of the alternatives. They can buy citizenship in other countries (Malta, St. Kitts, etc.), take advantage of residence-by-investment programs in the EU, or just maintain an arsenal of visas that allow them to live anywhere they please. The U.S. loses out on exactly the kind of people who were willing to put down roots and contribute significantly to the economy while still needing the opportunities that U.S. citizenship provides.
If Trump (or any administration) wanted a truly meritocratic system, they should be auctioning off a limited number of economic immigrant slots each year. That would at least allow market forces to determine the actual value of U.S. residency. A points-based system, like Canada’s or Australia’s, could also make more sense: prioritizing skilled professionals over sheer wealth. A million already strongly filters would-be immigrants. Five is exorbitant, especially if it's a flat sum.
(Let's leave aside the other requirements, such as running a business that creates a certain number of jobs)
Jevon's paradoxmakes us expect that increasing the price of a good by 5 times will not 5x the revenue. It'll decrease it in expectation. If Trump prizes himself as a businessman, this should be clear to him.
Even the abolition of birthright citizenship strikes me as a violation of the American ethos. It was certainly being abused, anchor babies being a case in point, but when even green cards are this hard to get, prospective skilled migrants greatly appreciate the peace of mind that their kids are entitled to citizenship provides.
End it for illegal immigrants if you have to, why lump in everyone else there legitimately? I wouldn't mind people using their visitor visas to get a fast one in being debarred too, but I look at the current state of affairs with great dismay.
At any rate, I'm not an American. I do wish I was, and my impression is that most of you would be happy to have me. Well, I'm used to life being rough, and the UK isn't the worst place I could be. I still think that even from an absolutely monetary point of view, this is a bad plan.
I hope I've made a decent case for why you're not getting much out filtering the immigrants for quality at that point, and the ones who are that loaded are probably not nearly as keen. They're easily Global Citizens for whom nationality is a formality.
Well, I'm still going to see if I manage to figure out the USMLE thing by the time my training in the UK ends, but there must be thousands of skilled immigrants in a similar boat, just noticing a rather significant leak in it. Then they're confronted by a sign at Eliis Island that just any ocean-crossing vessel won't do, they need a yacht. We don't deserve to be clubbed in with those who break the rules.
A different commenter has suggested getting a fraudulent marriage. But I do kind of wonder how blurry the line is between a fraudulent marriage and a real marriage.
I'm shaving my butthole as we speak, see you at the aisle!
My comment actually was not a joke. Unfortunately, upon reflection I don't think I would be able to tolerate presenting myself as homosexual (or bisexual) to my family members and coworkers in order to appease the federal investigators. So your anus sadly will have to remain unpenetrated by me. Is that decision selfish of me, in light of the huge benefits that you would gain from US citizenship? Probably. So I apologize for the fragility of my ego.
It's a bummer you're not a bummer. :(
Now what am I supposed to do, glue all that hair back on?
I recommend weaving it into fabric and making a little butthole cozy for yourself (or a special someone). Waste not, want not!
For the purposes of such an American thread, wouldn’t a merkin serve better?
While it's true butthole cozies are typically associated with the British - we all remember that old Enid Blyton story about when Aunt Eloise taught Felicity and Joan how to knit their own - they have been popular in America ever since the corps of discovery expedition, when Meriwether Lewis noticed that the icy winds of the Rocky mountains were chilling his butthole "most ferociously" and considered cancelling the expedition. That's where we get the famous Jefferson quote "Butthole cozies or bust!" in fact.
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