The right to live in America isn’t for sale
Wall Street, not homeowners, would benefit from Schumer and Lee’s plan to let foreigners buy U.S. homes
http://www.salon.com/2011/10/25/the_right_to_live_in_america_isnt_for_sale/singleton/
As mentioned in the article Canada basically allows the same thing (except I believe they also can ‘buy’ the right to work as well) and when I have looked into it that approach seems quite reasonable. I am of the opinion that we should give foreign PhD graduates a greencard, a prepaid citizenship application and the right to bring some amount of family into the US immediately. I think we should make it trivial for the wealthy and intellectual to enter the country legally and stay as long as they want (of course, I also feel we should allow the poor the same right, so perhaps it is just the slant of the article that I am ambivalent about). The article makes it sound like it is a bad idea to encourage wealthy to invest in the US, I am not sure that is a valid argument.
