The federal government may pay off its self-inflicted debts by selling Americans ’ useful citizen to rich immigrants, a Wall Street Journal op-ed published on Thursday state.
Instead of being a country of people with mutual jobs and right, the government may “Consider America like a club, with initiation costs required for admission, ” the May 23 op-ed said.
The government may begin by printing and selling two million shares of membership per year, or about one more share for every two Americans born each year, according to the op-ed:
One way to upgrade our emigration laws would be to let market forces to choose who may become new citizens.
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An example: Buy 8,000 permits to the highest bids for 250 times a year. Suppose the average price is$ 30,000. Of the$ 60 billion in annual visa revenue, devote one-third to more-intense border enforcement, one-third to income-tax reduction ( an “immigration bonus ” to taxpayers ), and one-third to increasing the anemic defense budget. Or use the cash to debt reduction, helping pause the macroeconomic armageddon threatening the pensions and medical of older Americans.
The United States “is hardly a shopping mall, ” Mark Krikorian, director of the Center for Immigration Studies, told Breitbart News in reply. “This plan assumes that citizen is only a business agreement when it is, in truth, more like joining a home, he said. “Citizenship is not an economical problem. It is a political and social and moral and, perhaps probably, moral issue. It’s not just about wealth. By reducing the citizen to dollars and cents, you’re eliminating any justification for the duties and responsibilities of membership that aren’t productive. In other words, if it ’s just a matter of money, then why would you, why would anybody, volunteer to protect your country? ”
“Almost truly, this kind of plan would degrade the passport they’re marketing by making America less British, ” Krikorian said, adding, “Maybe if they were selling ten passport a month, then it would n’t make a difference. But if they’re talking about two million a year, that would certainly have a major impact on the underlying social plans that make America productive in the first place. ”
He went on to say, “They’re vulgar materialists, [thinking ] as though everyone is the same, that a Pakistani is indistinguishable from someone from Peru, when, in point — other than the simple truth that we are all created in the image of God— we have very different historical assumptions, and those social things don’t just move away. ”
Even if the U. S. were a mall and people were the same, the$ 60 billion gain per year would also be offset by additional costs to the government and citizens, such as higher housing prices and fewer births.
The citizenship sell-off would also dilute the value of citizenship held by 330 million Americans and their future children— and minimize the pressure on the federal government to cut wasteful spending or fix problems, such as poor education and slow productivity growth.
In general, the Wall Street Journal champions the interest of investors and strongly opposes proposals that would dilute the value of shares held by its readers. In April 2021, for example, the Journal ‘s editorial board denounced a plan to raise tax on capital gains:
If you need more evidence that ideology more than common sense is driving the Biden Presidency, look no further than its trial balloon to raise the top tax rate on capital gains to 43. 4 %. It’s the dumbest way to raise taxes for many reasons, not least because it will cost the government revenue.
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So why raise a tax rate that would reduce investment, reduce wage growth and reduce revenue for the government? Temporary economic insanity is one possible explanation.
The Wall Street Journal op-ed does not recommend the government pay its growing debts for forcing companies to issue extra stocks for subsequent sale by the federal government. The wealthiest 10 percent of Americans own 93 percent of stocks, while the bottom half of Americans own just 1 percent of all stocks, according to Yahoo. com.
The Wall Street Journal ‘s economic view of citizenship is shared by many wealthy investors, few of whom wish their economic ambitions to be restrained by the normal obligations to their fellow citizens who maintain their society. For example, Elon Musk, an immigrant from South Africa, frequently calls for much greater legal immigration:
While it is trivial to enter the United States illegally, it is insanely difficult for legal immigrants to move to the United States.
This is madness! We should shut down illegal immigration and greatly increase legal immigration. https ://t. co/ElW9PZaIqh
— Elon Musk ( @elonmusk ) January 4, 2024
New York billionaire Mike Bloomberg told the San Diego Union-Tribune in January 2020:
This country needs more immigrants and we should be out looking for immigrants … For those who need an oboe player for a symphony, we want the best one. We need a striker for a soccer team, we want to get the best one. We want a farmworker, we want to get the best one. A computer programmer, we want to get the best one. So we should be out looking for more immigrants.
This is wrong. USA is not NBA and everyone deserve better life inculding random people and even non educated people. What u aspiré is close to” Nazism” select only the strong the beautiful the aryans. I do n’t mean u are Nazi but that process can be used in internal process
— Samir Salim Taleb ( @Samiriste ) July 4, 2020
