SELLING OFF AMERICA TO FOREIGN INTERESTS?
It should come as no surprise that high-ranking foreign government officials and their family members have large luxury homes throughout the United States. Now, President Trump plans to democratize the landscape by offering semi-rich individuals the opportunity to live, work, and invest in America, with a pathway to citizenship at the end of their journey.
The new visa is being pitched as a replacement for the 35-year-old EB-5 investor visa program and a way to attract wealthy and successful individuals who will contribute to the U.S. economy.
"They’ll be wealthy, and they’ll be successful, and they’ll be spending a lot of money and paying a lot of taxes and employing a lot of people, and we think it’s going to be extremely successful. "It’s somewhat like a green card, but at a higher level of sophistication... It’s a road to citizenship for people, and essentially people of wealth or people of great talent,"
Bottom line…
Of course, the devil is in the details, and it is doubtful that any visa program can be created without Congressional approval.
Considering that a $5 million buy-in is nothing for major scammers seeking to prey on Americans, one hopes that applicants will be adequately vetted.
We are so screwed.
-- Steve
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