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>Last year, the U.S. issued 6,895 visas to Chinese nationals under the EB-5 program, which allows foreigners to live in America if they invest a minimum of $500
by rtpg 12y ago
>Last year, the U.S. issued 6,895 visas to Chinese nationals under the EB-5 program, which allows foreigners to live in America if they invest a minimum of $500,000. South Koreans, the next largest group, got only 364 such visas. Canada this year closed down a similar program that had been swamped by Chinese demand.
The fact that Canada closed down an immigration program where each individual would bring in $500k to the economy is just depressing. So much immigration law is just pure, unabashed racism.
- megablast 12y agoThe problem can be, and you see it a bit in Australia, is that they end up pricing everybody else out of the market.
- rtpg 12y agoIf this were just about buying houses I understand that reasoning, but if its an investor visa, I imagine you need to actually put that money into something "productive".
- nikanj 12y agoYou only needed to lend it to the government for a few years
- logicchains 12y agoIf the assumptions behind GDP are valid, government spending may also be considered "productive".