Trump’s “Gold Card” migration can be a great winner – with these changes

President Trump announced a new immigration program last month, potential immigrants will be able to purchase a “gold card” for $ 5 million to immigrate a law to the United States. The new visa will replace the current EB-5 visa, known as the “investor visa”, and provides a road to citizenship. The president wants to use revenues to pay the country’s deficit.

The concept of “gold card” is a good idea that can help simplify the immigration system in this country and provide a source of revenue, as well as strengthening many of the widely known benefits of migration. But in order to be a real victory for America, the price must change to open the program to a greater number of new productive arrivals.

Regardless of legal considerations – Trump claims that he does not need Congress to age this change, which is doubtful – the “Gold Card” program can remove some of the many bureaucratic barriers that prevent migration. The current “investor visa”, which requires among other things the minimum investment in American companies ranges between 800,000 dollars and 1.05 million dollars, is complex, slow and ineffective. This program gives about 10,000 visas each year to investors and their families. Although many aspects of the new “Golden Card” program are still unclear, it is likely to be more clear, which may only require initial payment and comprehensive verification of the background that has already been made on all potential immigrants. It is also claimed that it is not independent, so more than 10,000 beneficiaries can use the program every year.

The price is $ 5 million, however, unrealistic. Few people will be able to withstand its costs, and the cost makes the program less attractive even for wealthy individuals. David Bear, Director of Immigration Studies at the Kato Institute, explained in an interview that the new program will be “greatly less attractive to wealthy individuals than [investor visa]And according to which the amount is not only lower, but investors are preparing their investments by simply approves the green card. “

Moreover, Bear said that the president’s expectations that companies will pay $ 5 million to bring in unrealistic higher talents. “No company will pay $ 5 million for a green card for any worker. They cannot get $ 5 million on many workers, if any.” He highlighted that holders of green cards and potential “golden card” holders can go to a different company whenever they want, because legal residency is not related to a specific work offer.

At a cost of $ 5 million, many individuals are unlikely to take the offer. Consequently, replacing the investor visa with a “golden card” lower prices at reasonable prices may in turn the effect of limiting legal immigration instead of expanding it. Nearly 10,000 annual beneficiaries may not be able to invest the investor to bear the new price and thus stop coming.

The Trump administration must improve its idea, and adjust the cost of the “gold card” according to factors such as age, level of education and skill. In Policy Analysis of 2019, Cato Alex Nowo has detailed many options to determine the rate of this program, including considerations such as discrimination of government benefits. Many of these options can be seen when determining a more realistic and reasonable cost that would allow the most productive workers to come to America.

As is now conceived, the “Gold Card” program does not address border security. But it can. If the cost of the visa is modified, many people who cross the border illegally will stop doing so in favor of buying a legal method to the country. These people are already spending a lot of money to come to America-the black market forced them to migrate by the cartel to pay tens of thousands of dollars to human smugglers and other likenesses such as to cross the borders. If immigrants can use these funds to pay the United States government instead, they are likely to choose legally. These people will be completely examined, just like any other legal immigrant, in this process. This approach will lead to fewer immigrants on the border, more security audit for those who come, more revenues, and a fewer of Cartile victims.

A simplified program also attracts very specialized professionals – such as scientists, engineers and doctors – who are not currently moving to the United States due to restricted immigration rules. More workers will enhance innovation and fill the decisive jobs that keep Americans healthy and safe, while providing new opportunities for beneficiaries as well.

The details of the “Golden Card” program remain unclear, and it has not yet been seen whether it will be actually implemented. As the concept now stands, David Bear predicts that it will be “a small part of the American immigration system.”

But the administration has a good idea nucleus. If modified, the “gold card” is an easy sale of the American public, as it will allow people with good intentions and fruitful to pay to come here and work, increase revenues and benefit from American employers, while reducing illegal immigration and undermining the cartals. The victory will be for everyone.

Ultimately, the entire immigration system in America must be re -imagined, but the gold card program can be carefully organized as a way to improve the current system of Americans and migrants alike.

Agustina Vergara Cid, LL.B. And LL.M, is a contributor to the voices of youth and a co -fellow in the Ayn Rand Institute. Her views do not necessarily reflect their views in any institution.