25 sats \ 1 reply \ @kr OP 31 Jan \ parent \ on: What is an optimal immigration policy? culture
interesting.
the pricing of citizenship would certainly make the whole process simpler, but you might end up with a country full of rich people who desperately need labor to run their businesses and can’t get enough of it.
i suppose financing would solve some of that, but i think it still is a bit too simplistic to create a robust, diverse, prosperous country.
Gary Becker wrote about this in 2005: green card auctions.
250k is not expensive when you compare it to the cost of a house or college or university.
Australia had a similar policy: immigrants had to demonstrate financial independence, in other words, one million dollars in assets and liquidity
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