Obamas plan for solving the budget deficit: sell US citizenship for $500k a pop

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  • Machete_
    WINNING!
    • Oct 2002
    • 14579

    #1

    Obamas plan for solving the budget deficit: sell US citizenship for $500k a pop

    The city of Dallas, through its City of Dallas Regional Center and United States Citizenship and Immigration Services EB-5 program, sells permanent residence green cards to individual foreign ?investors? and their families.

    For the low, low price of $500,000, someone from most anywhere else can purchase the right to call himself or herself a U.S. resident, presumably foregoing the usual naturalization and citizenship process. The investment buys the investor, spouse, and unmarried children younger than 21 each a green card.

    The city takes the money, funnels it into the CDRC EB-5 program, and creates 10 jobs per investment ? somehow, somewhere, in some business.

    According to city information, 43 people paid their way into the queue and could receive green cards by March 31, undoubtedly after intensive background and security checks.

    The investors, according to the city, hail from Mexico, China, and Nigeria, and the city probably got shorted there because most of us receive Nigerian offers for way more than a half-million dollar
  • Sly
    Let's do some business!
    • Sep 2004
    • 31376

    #2
    I think most countries do this.
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    • Puremeds-J
      Confirmed User
      • Sep 2008
      • 939

      #3
      Can I get an affiliate link?

      Comment

      • Agent 488
        Registered User
        • Feb 2006
        • 22511

        #4
        seen plenty of ads over the years advertising for wealthy immigrants. don't think this is new.

        Comment

        • Archivist
          So Fucking Banned
          • Jan 2011
          • 113

          #5
          Buying citizenship is not a bad idea. Renting it would be even better. Say some slob shows up and pays $1000 a year to reside in the US. Or you can pay $500k and come and go as you please. I think this is an awesome fucking idea.

          Comment

          • NickB.
            Confirmed User
            • Aug 2001
            • 8856

            #6
            Originally posted by Puremeds-J
            Can I get an affiliate link?

            Comment

            • candyflip
              Carpe Visio
              • Jul 2002
              • 43069

              #7
              Sounds better than giving it away to the poor for free.

              Spend you some brain.
              Email Me

              Comment

              • Relentless
                www.EngineFood.com
                • Aug 2006
                • 5697

                #8
                Right, its a much better idea to educate foreign students and help them get doctoral degrees in our country before we force them to leave and take their 'worthless brains and education' back to their country of origin to build our competition...

                Bloomberg has the right idea. Every graduate of a US graduate school should be given a 10 year work visa. It would definitely help our nation overcome the brain drain it currently faces. Exporting marketable education is a horrible long term economic decision.


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                • spazlabz
                  Confirmed User
                  • Jul 2003
                  • 6548

                  #9
                  500 grand!?!?!
                  SHE-IT! I'll sell mine for that wad!

                  Comment

                  • sologirlcontent
                    So Fucking Banned
                    • Jan 2007
                    • 2617

                    #10
                    man that's shit's been going on waaaaay before OBAMA.. My wife is a German citizen and knew that years ago.. Anybody has been able to BUY into the US...why not?

                    Comment

                    • greg80
                      Confirmed User
                      • May 2007
                      • 1644

                      #11
                      I don't see any problem with that. If someone is rich and wants to live and spend money in US, why not?
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                      • blackmonsters
                        Making PHP work
                        • Nov 2002
                        • 20974

                        #12
                        Originally posted by Puremeds-J
                        Can I get an affiliate link?


                        They can crawl under the fence for free or they can pay me.
                        I'll take it.
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                        Comment

                        • Vendzilla
                          Biker Gnome
                          • Mar 2004
                          • 23200

                          #13
                          Originally posted by Archivist
                          Buying citizenship is not a bad idea. Renting it would be even better. Say some slob shows up and pays $1000 a year to reside in the US. Or you can pay $500k and come and go as you please. I think this is an awesome fucking idea.
                          Instead of the $1000 a year in rent, they could pay taxes!
                          Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants
                          think about that

                          Comment

                          • David!
                            By the wrath of Agamemnon
                            • Apr 2004
                            • 6501

                            #14
                            In Orlando, they turned some empty time share building into "investment/jobs" properties that you can buy for $500k, and with the high maintenance fees you pay, you somewhat satisfy the 10 jobs rule.
                            .

                            Comment

                            • Machete_
                              WINNING!
                              • Oct 2002
                              • 14579

                              #15
                              All current American Citizens should lose their citizenship and be required to ransom it back to reduce the debt.

                              Comment

                              • TCLGirls
                                Confirmed User
                                • Feb 2010
                                • 3068

                                #16
                                The story says that 500K buys US Permanent Residency status...not Citizenship status. Those are two very different things.

                                Furthermore, how is this "Obama's plan"? This program has existed since 1992!!

                                http://www.eb5greencard.com/

                                Comment

                                • F-U-Jimmy
                                  Confirmed User
                                  • Apr 2006
                                  • 6853

                                  #17
                                  Once you are a permanent resident you can apply for citizenship if you want to
                                  icq. 176240424 44.years as a pornographer !!!!!!!!!!!

                                  Comment

                                  • TCLGirls
                                    Confirmed User
                                    • Feb 2010
                                    • 3068

                                    #18
                                    Originally posted by F-U-Jimmy
                                    Once you are a permanent resident you can apply for citizenship if you want to
                                    Yeah that's true, but in order for that to happen, it takes 2 years and the EB5 permanent resident needs to prove the business/investment is still operational and that at least 10 new jobs were created (not including fellow family members).

                                    I'd say that's good for America.

                                    Comment

                                    • Deputy Chief Command
                                      Deputy Chief Command
                                      • Nov 2005
                                      • 4482

                                      #19
                                      Originally posted by sologirlcontent
                                      man that's shit's been going on waaaaay before OBAMA.. My wife is a German citizen and knew that years ago.. Anybody has been able to BUY into the US...why not?
                                      hmm ... in the past you could invest large sums of money ( not exact sure how much ) that would create jobs in the US .. and the investment would be yours still .. so in the end if you invested wisely you could actually still make money of it

                                      but this deal if explained correctly seems different .. . you actually lose your entire 500K to the gov who then invests it to create jobs ??

                                      Comment

                                      • Wizzo
                                        2011 GFY Hall of Fame!
                                        • Nov 2000
                                        • 15224

                                        #20
                                        Originally posted by TCLGirls

                                        Furthermore, how is this "Obama's plan"? This program has existed since 1992!!
                                        He was the secret puppetmaster then...
                                        Looking for Opportunity!

                                        Comment

                                        • blackmonsters
                                          Making PHP work
                                          • Nov 2002
                                          • 20974

                                          #21
                                          Originally posted by Wizzo
                                          He was the secret puppetmaster then...


                                          Of course.

                                          All the fake Obama Drama going on is only making it impossible for people
                                          like me to know if there is a legitimate gripe.

                                          Any legitimate gripe about Obama gets lost in a pile of this type bullshit.

                                          The more they gripe the more I'm for Obama because all the gripes turn out to be bullshit.
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                                          • fuzebox
                                            making it rain
                                            • Oct 2003
                                            • 22352

                                            #22
                                            We were looking into this with an immigration lawyer a couple of weeks ago... Theoretically it's an investment into a distressed area, and you are supposed to get the principal back with interest in a few years.

                                            Comment

                                            • JP-pornshooter
                                              Confirmed User
                                              • Sep 2006
                                              • 4007

                                              #23
                                              its a great plan to bring talent money and jobs to the good ole USA.

                                              wonder if it could be used in this industry?
                                              i am sure we can find 10 cash strapped ho's interested in making some greenback.
                                              "Obscenity is whatever gives the Judge an erection." -- Author Unknown

                                              Comment

                                              • tiger
                                                Confirmed User
                                                • Apr 2002
                                                • 6986

                                                #24
                                                I could be wrong but I think it's been like this for quite a long time. Most countries have something like this as well. I don't really see why it would be a bad thing. I'm sure you would get a few bad apples but there should be an easy way to sort them out.

                                                Money talks, bullshit walks.

                                                Comment

                                                • seeandsee
                                                  Check SIG!
                                                  • Mar 2006
                                                  • 50945

                                                  #25
                                                  Originally posted by Sly
                                                  I think most countries do this.
                                                  Montenegro sells at the same way
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                                                  • Wilsy
                                                    Confirmed User
                                                    • Oct 2009
                                                    • 1865

                                                    #26
                                                    Originally posted by tiger

                                                    Money talks, bullshit walks.
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                                                    • ertiope
                                                      Confirmed User
                                                      • Apr 2010
                                                      • 79

                                                      #27
                                                      $1M invested into a US biz has (including your own), for the past 20 years, gotten you a US citizenship.. so how htf is this news?

                                                      Comment

                                                      • IllTestYourGirls
                                                        Ah My Balls
                                                        • Feb 2007
                                                        • 14311

                                                        #28
                                                        Originally posted by Relentless
                                                        Right, its a much better idea to educate foreign students and help them get doctoral degrees in our country before we force them to leave and take their 'worthless brains and education' back to their country of origin to build our competition...

                                                        Bloomberg has the right idea. Every graduate of a US graduate school should be given a 10 year work visa. It would definitely help our nation overcome the brain drain it currently faces. Exporting marketable education is a horrible long term economic decision.
                                                        Although it may sound like a good idea but this would just make more Americans dependent on welfare. There are not enough jobs.

                                                        Comment

                                                        • Paul Markham
                                                          Too old to care
                                                          • Jun 2001
                                                          • 52942

                                                          #29
                                                          Any country that doesn't sell Permanent Residency status for $500K deserves to sink into the mire.

                                                          People who make that much money generate even more for others.

                                                          With some thinking it's a bad idea you really have to think if they have a clue.



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                                                          Comment

                                                          • czarina
                                                            Webmaster Extraordinaire
                                                            • Jul 2002
                                                            • 10752

                                                            #30
                                                            "undoubtedly after intensive background and security checks"


                                                            hahahahaha, now that really made me laugh

                                                            Comment

                                                            • Serge Litehead
                                                              Confirmed User
                                                              • Dec 2002
                                                              • 5190

                                                              #31
                                                              just shows how things are changing
                                                              for years i think it used to be just having $1M and over in bank account with proof of its legitimacy would let you have Permanent Residency status in US.

                                                              Comment

                                                              • TheDoc
                                                                Too lazy to set a custom title
                                                                • Jul 2001
                                                                • 13827

                                                                #32
                                                                It was the same b.s. for me to go into Canada with a residence card... but half the amount of money.
                                                                ~TheDoc - ICQ7765825
                                                                It's all disambiguation

                                                                Comment

                                                                • Archivist
                                                                  So Fucking Banned
                                                                  • Jan 2011
                                                                  • 113

                                                                  #33
                                                                  Originally posted by fuzebox
                                                                  We were looking into this with an immigration lawyer a couple of weeks ago... Theoretically it's an investment into a distressed area, and you are supposed to get the principal back with interest in a few years.
                                                                  Can you just put the money into the US bank for 2 years or something, without having to invest in some bullshit biz?

                                                                  Comment

                                                                  • NALEM
                                                                    Confirmed User
                                                                    • Nov 2010
                                                                    • 3165

                                                                    #34
                                                                    Originally posted by sologirlcontent
                                                                    man that's shit's been going on waaaaay before OBAMA.. My wife is a German citizen and knew that years ago.. Anybody has been able to BUY into the US...why not?
                                                                    Machete, Sologirlcontent is correct. The investor visa program has been available for a very long time. And ... I rather have someone with that kind of $$$ to come in here, as they are less likely to use public benefit/welfare resources.
                                                                    "The time men spend in trying to impress others they could spend in doing the things by which others would be impressed."

                                                                    Comment

                                                                    • TCLGirls
                                                                      Confirmed User
                                                                      • Feb 2010
                                                                      • 3068

                                                                      #35
                                                                      Originally posted by Archivist
                                                                      Can you just put the money into the US bank for 2 years or something, without having to invest in some bullshit biz?
                                                                      No that won't work.

                                                                      Part of the program is that the investment has to directly create at least 10 jobs.

                                                                      Comment

                                                                      • cooldude7
                                                                        Confirmed User
                                                                        • Nov 2009
                                                                        • 4306

                                                                        #36
                                                                        i m going to america.

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