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Culture War Roundup for the week of August 19, 2024

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I propose a flat rate of $100,000 per green card. Why wouldn't this work?

That is....cheap. Even Portugal asks $300k for a golden visa.

I like something like $300k over-a-period-of-time ~= $100k down-payment + 10% extra annual tax based on your income for 5 years. The person can either naturalize at the 5 year point or keep the green-card without the extra tax. The $100k keeps the entry bar high enough, that anyone who gets it is likely to be conscientious. At the same time, it is low enough that anyone who is highly motivated can save that much over the 20s, to make the move before they're 30.

Personally, I would consider it.

It's worth noting that at least for the US, a program already exists with similar time terms, but the price is more like a million dollars and creating 10 jobs. There may be others I don't recall.

it is low enough that anyone who is highly motivated can save that much over the 20s, to make the move before they're 30.

This is delusional for even the 99th percentile of talent from most of Eastern Europe. Starting salaries in high value professions are just to low. The only people below 30 you'll get that way are people draining their entire family network of funds and a few lucky entrepreneurs, who might not be able to replicate their luck in the US.

Also, why wait till they are 30 (and thus, in many cultures, married with children)? Just take them young and tax them for 10 years. For the immigrant, this tax will not make a huge difference, because if they drained their family network dry before leaving, they will be expected to send large amounts of money back anyway.

Student visas (F1) are the dominant way for top professionals to arrive in the US. After school, you get 3 years extension to work in the US, in after which you're expected to get another visa or leave.

I am assuming that the individual studied in the US, got a job for 3 years, and saved up enough in that time for this $100k downpayment,

This is delusional for even the 99th percentile of talent from most of Eastern Europe. Starting salaries in high value professions are just to low

If they have to pay in cash, yes. But if they can borrow the money, $100,000 for a person with 99th percentile talent working in a high value profession in America is cheap. And if you're an American employer looking for such talent, $100,000 that actually has to be paid back even if the employee jumps ship is dirt cheap.

I like something like $300k over-a-period-of-time ~= $100k down-payment + 10% extra annual tax based on your income for 5 years.

I'd flip the sign on the tax: $100k down payment, and $40k - (10% of your taxes) per year. If you're paying $400k in tax, you get in for just the down payment. If your taxes are only $10k, then you pay an additional $39k per year.

You want to encourage (and select for) taxable work as much as possible.

In my experience, immigrants move from low-risk-guaranteed-income streams to riskier ventures once they get a Green Card. If a new green card holder is expected to pay $40k every year, it restores the golden handcuffs. This means they may pivot by moving cities, changing professions or trying to start a business. This may involve a serous amount of income insecurity.

A $40k fee adds fresh insecurity, that defeats the purpose of a green card. If a Green card can be revoked anytime, it is not a green card. It is a visa.