Citizenship For Sale with EB-5 Visa

Guest Post by Kevin Lynn

The American visa system is a complex beast, built seemingly to confuse American and immigrant alike. It is also crafted in ways to make them easily exploitable by those who would “help stimulate our economy,” a phrase which is synonymous with corporations lining their pockets. We’ve discussed at length the abuses of the H1-B Visa, a program with a noble goal, twisted to exploit low-skill and low-wage workers. But now we’d like to talk about the EB-5, a program which at its heart is essentially American citizenship for sale.

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The EB-5 Visa program was created by Congress in 1990 as a so called means of job creation and investment for foreign investors. What it does is grants foreign investors with $1 million who wish to invest in a American corporation a guaranteed green card. The mandatory amount is lowered to $500,000 if they decide to invest in a “low employment region,” though the parameters of this are easily exploitable. In a scathing report on the visa, Forbes writer Kelly Phillips Erb discovered that Jersey City was considered a “rural area” in regards to the EB-5.

There are complaints on the transparency of the visa program as well; while rules on the initial investment are quite strict, there are loopholes that allow the investor and the American company to move said initial investment to other projects, side skirting vital regulation. Others have criticized the program for allowing creeping foreign control of our economy. Over 82% of EB-5 Visas were from Chinese applicants.

However, the EB-5 is seeing a decline in applicants as of late, to the tune of 17 percent from last year. This may be due to the intense scrutiny our immigration system is currently undergoing, but it could also be due to the program’s rather close expiration date. The EB-5 requires frequent re-authorization by Congress to continue, and the deadline of December 9th is fast approaching. The Republican immigration overhaul plan, the RAISE Act, makes the EB-5 obsolete by assigning points in their proposed merit system to investors, while also keeping them under a tight leash.

While it remains a mystery whether Congress will in fact re-approve the visa, but we suggest our readers take to their local representatives and voice their concern over the EB-5.

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11 Comments
Iska Waran
Iska Waran
November 7, 2017 1:41 pm

I’d rather we get rich, educated smart Chinese than illiterate peasants who sneak across the southern border. Of all the things I can worry about, this seems relatively low on the list – at least until Muslims start doing it. Then I’ll object strenuously.

Persnickety
Persnickety
  Iska Waran
November 7, 2017 8:34 pm

The problem is that large numbers of ANY foreign migrants will fundamentally change the character of where they settle. Even if they are intelligent, civilized and come from an ancient developed culture, as Chinese do. They might make better neighbors than primitives, but don’t fool yourself – they have their own interests in mind, not yours, and in any significant numbers they, like all other immigrants, will work to change the locale to their preferences.

If you value what America has been in the recent past, it’s vital to limit all immigration.

Iska Waran
Iska Waran
  Persnickety
November 7, 2017 9:08 pm

East Asians’ preferences don’t seem to include the guilt-induced self-destruction that dominates the Scandinavian mindset. I don’t see China importing Somalis, for example. I don’t know why we’ve imported Somalis. They’re not refugees from a war we started. Somalia was fucked up without us fucking it up. Even the guilt-prone Norse shouldn’t feel compelled to invite them here.

Persnickety
Persnickety
  Iska Waran
November 7, 2017 10:45 pm

The self-destruction is not really a Scandi thing – you don’t see it much in Norway or Denmark, and Denmark is actively making life difficult for rapefugees right now. And Germany isn’t Scandinavia. So you basically have Sweden and Germany at the center of this cultural “suicide”, which isn’t. There is one well-known globalist group that is pushing this cultural destruction. They are Marxists, but most of them also have a certain racial/ethnic affinity, which masquerades as a religion but is a separate thing. (There are devout members of the actual religion who don’t support and want nothing to do with the Marxists.) The Marxists have identified an inherent weakness in weakly religious people (especially Lutherans) with a progressive socialist egalitarian philosophy, and a background of an ethnically homogenous, high-trust low-crime culture where they just aren’t wired to recognize that most others are not like them. These extremely rich and productive cultures have been targeted for destruction by these Marxists.

Anyway, this is besides the point. The Chinese are not culturally suicidal, as you note. They aren’t bad people either, and they aren’t stupid. But they aren’t US, and if we invite too many to the U.S. then the country’s character will change. Would China welcome 200 million Americans to come live there with full and equal rights? If not, why not?

Iska Waran
Iska Waran
  Persnickety
November 8, 2017 1:20 am

Points well taken. Also, they’re sneaky.

Dutchman
Dutchman
November 7, 2017 2:59 pm

These big-tit ad’s are the best!

wholy1
wholy1
November 7, 2017 5:21 pm

How many know that every time an UNdoc/ILlegal “migrant/trespasser passes thru a U.S. border, ends up standing before a “court”and signs any “document”, a bond equivalent to 1000’s of ADDITIONAL “filthy lucre FRNs” are “authorized” in to “exsistence” by said “signer”? Said “bonds” are bundled and then tendered to the “[NOT]Federal[NO]Reserve” as “man OR other animal” collateral/security for additional United SNAKES Corp, D[e]C[eit] additional borrowing.

Llpoh
Llpoh
November 7, 2017 6:52 pm

As Iska said – would you rather have impoverished Africans, Muslims, and wetbacks, or educated rich folk, come to the US? Gee, that is a fucking hard one, right?

I vote take the rich folks, unless they are Muslim, for instance, which is entirely incompatible to the US culture, and fuck off every single other type of immigrant, save for well educated, English speaking, Christian sorts of similar culture.

TampaRed-
TampaRed-
November 7, 2017 8:19 pm

as long as they can’t use it to bring a huge # of people w/them,i believe that it’s a good idea–
very few undesirables have that kind of transparent money–
i also see it as a way to get top $ for businesses and real estate,as i doubt these people will bargain too hard–

Kevin
Kevin
  TampaRed-
November 7, 2017 10:57 pm

@ Tampa, unless of course you are looking to buy or rent . . .

TampaRed-
TampaRed-
November 7, 2017 8:47 pm

then there’s this 1st world immigrant–
a frenchwoman is suing the us govt because she has to say “so help me god” in the citizenship oath–

https://eaglerising.com/48478/immigrant-sues-u-s-government-over-so-help-me-god-being-in-citizenship-oath/