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Notes -
I thought it was a great idea before I learned it's replacing the EB-5, which requires investing about a million dollars in something in the United States, with something that has a much higher fee. So even if it has a lot less process (which is an important thing to reduce - a flat fee's very plausibly better than an investment requirement because of the friction of measuring it) I think it will, in effect, reduce the number of extremely skilled immigrants.
I think this is a good lesson that interpreting politics based on headlines and popular tweets isn't great! A lot more people read a tweet, matched it to something they already thought was good, and were like "wow ... great idea"! But the devil's in the details, or at least the second sentence of the article body. Oh well
It should replace h1b and the cost should be closer to 1.5 or 2 million. Banks can finance them, with the citizenship as collateral. Don't make your payments? We'll sell your house and put you on the next flight to Hyderabad. Those who are so incredibly talented that the US can't live without them will have an easy time getting financing. They'll clear 300k a year no problem here and pay it off in no time.
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