2 ms·
Yes, selling green cards is bad. The EB-5 program is the "government sponsored" way of doing it. I also think that is bad, and abused, but I digress. If your a
by nrmitchi 6y ago
Yes, selling green cards is bad. The EB-5 program is the "government sponsored" way of doing it. I also think that is bad, and abused, but I digress.
If your argument for it being good is "the money goes to public colleges, which is basically the government!" then the government should just be transparently selling permanent residency without the smoke-and-mirror charade of a "school".
Are you then going to exclude private schools? I would guess that a degree from Harvard is more worthy of a green card, but then why should Harvard get a bunch of "free money" for selling a green card?
US Colleges will still only have a certain amount of capacity. If all of a sudden it comes with a free green card, either 1) less US students can afford to go there, because tuition has risen so much due to "supply and demand", or 2) US students still go there, and end up with even more debt than they currently have.
> Now at least some of the money and gatekeeping would flow through colleges. Especially public colleges, who love foreign students, because they pay full tuition.
With the EB-5 programs (the way to "buy" a green card), you have to invest within Qualified Opportunity Zones which are (in theory) designed to assist lower-income areas, or create a certain number of new jobs (I'm sure there are other investments that qualify too; I'm not an expert on this program).
Having funds go towards these endeavors is arguably "better" than going into the pockets of an already administratively-overloaded university system.