$500,000 to get a visa? Seems to me like Congress is still catering to the rich.
They're just trying to increase the 1%...
Buy a home, get a US visa, Senators propose
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Re: Buy a home, get a US visa, Senators propose
#32Earlier quoted context omitted.
Trouble is that it must be from a US investor. So it's the same slave labor problem as H1B. If you don't like anything the investor suggests after you have moved then he withdraws the funding and you get deported. Can we think of how a good capitalist VC might use that to their advantage?
I think you're overstating the issue. I am in the US in an H1B visa and am in no way 'slave labor'. But I can't start my own company- the Startup Visa would finally solve that issue.
There aren't many places where it's considered reasonable that your employer can fire you for no reason and have you and your family thrown out of the country aswell.
Re: Buy a home, get a US visa, Senators propose
#33Do they realize that there is a sizable number of US citizens living in the country that would like to buy a home and can afford one but due to the still artificially inflated prices in some areas of the country that can be attributed to low rates and the backlog of REO homes are choosing not to buy yet?
Re: Buy a home, get a US visa, Senators propose
#34Instead, they should automatically offer work visas to college graduates. It is such a pain to have to get a work visa after you graduate if you were on an F1 before then. And most people that come all the way to the US to go to college are top notch professionals by the time they graduate.
But many of those graduates will be in law or medicine so having more of them in the country will lower the wages in those professions
And many of the others are scientists and engineers - people who often believe in evolution.
Re: Buy a home, get a US visa, Senators propose
#35The only beneficiaries I can think of for this program would be rich capitalists from China and the Middle East who are exporting their gains and sinking them into foreign property already, and who would now get a fast-track for immigration as well. I guess Congress would like to get campaign contributions from these people (once you have a green card, you can legally make political contributions to U.S. politicians)…
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Re: Buy a home, get a US visa, Senators propose
#36Agree with this or not, this is the kind of out-of-the-box thinking members of Congress need to be doing.
Naah. Giving sweet-heart deals to people with a lot of money isn't out-of-the-box thinking - it's older than the hills. Out-of-box thinking would include enforcing consumer protection laws, strong oversight of large businesses, and progressive taxes. That sort of thinking hasn't been so common over the last few decades.
I think you've been caught up by the current mass hysteria, and forgotten to look for the reality:
enforcing consumer protection laws
See FTC's web site for news [1] like yesterday's "FTC Stops Nationwide Federal Jobs Scam".
strong oversight of large businesses
How about the DOJ suing to stop AT&T from acquiring T-Mobile? How about the absurd suit against Boeing for wanting to build a factory in a state where they don't have to worry about unions?
progressive taxes
The tax rates vary from 10% up to 35%, as you go up the income scale [2]. So, there are your progressive taxes.
[1] http://www.ftc.gov/opa/index.shtml
[2] http://en.wikipedia.org/wiki/Income_tax_in_the_United_States...
Re: Buy a home, get a US visa, Senators propose
#37Do you see VCs loaning $$ to entreprenuers to buy a home in the US for a visa?
Re: Buy a home, get a US visa, Senators propose
#38Earlier quoted context omitted.
I don't see a problem in these being the only beneficiaries, right now, they are already getting EB5 visas if they invest in a business. This approach would be similar, except with the added benefit of solving the issue (or at least help) of the housing market. I think this is a really creative approach.
The problem with housing is that it is too expensive for the common man. Propping up prices artificially is not a solution.
The prices now will be less artificial, since more people will be involved in setting them.
Re: Buy a home, get a US visa, Senators propose
#39How about hire 100 US workers for a year, get a free home.