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Chinese investors spent $24B on "golden visas" in U.S. and elsewhere
CBS News ^ | May 12, 2017 | Staff and The Associated Press

Posted on 05/12/2017 2:39:09 PM PDT by 2ndDivisionVet

BEIJING - When the sister of White House Senior Adviser Jared Kushner promoted investment in her family's new skyscraper to investors in Beijing earlier this month, she was pitching a controversial American visa program that's proven irresistible to tens of thousands of Chinese.

Over the last decade, more than 100,000 Chinese have poured at least $24 billion into "golden visa" programs across the world, an Associated Press analysis has found. These programs offer residence in exchange for investment in a country's businesses. Nowhere is Chinese demand greater than in the United States, which has taken in at least $7.7 billion and issued more than 40,000 visas to Chinese investors and their families in the past 10 years, the AP found....

(Excerpt) Read more at cbsnews.com ...


TOPICS: Business/Economy; Government; Politics; Society
KEYWORDS: aliens; china; immigration; kushner; visas
I don't have problem #1 with this. It's bringing money into the treasury, versus spending tax dollars and it is creating jobs for Americans.
1 posted on 05/12/2017 2:39:09 PM PDT by 2ndDivisionVet
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To: 2ndDivisionVet

the fiat money, debt-funded welfare state corrupts everything

I know more than a few people who have bought visas. It generally plays out as - family comes over, reports zero income, joins the welfare, food stamp and free college tuition rolls for whatever the chumps in America provide, while living in 5000 square foot house in Palos Verdes or Saddle River NJ, and while Dad is flying between Hong Kong, Shanghai and wherever for work.


2 posted on 05/12/2017 2:45:58 PM PDT by PGR88
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To: 2ndDivisionVet

Nothing controversial about the visas. Start a business here and we’ll help you along the path to citizenship. It’s called skin in the game.


3 posted on 05/12/2017 2:47:39 PM PDT by Sacajaweau
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To: PGR88
My VA disability, as I understand it, precludes my receiving food stamps, although I have absolutely no other sources of income whatsoever but you're telling me that people on a visa can receive the full panoply of welfare benefits available in the United States?
4 posted on 05/12/2017 2:49:59 PM PDT by 2ndDivisionVet (You cannot invade the mainland US. There'd be a rifle behind every blade of grass.)
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To: Sacajaweau

It’s the only part of our immigration laws that makes sense. Because it actually benefits the people in this country, both in terms of the capital and the resources they bring in to create jobs for Americans, and ensures that we are getting high quality individuals as immigrants.


5 posted on 05/12/2017 2:51:12 PM PDT by Truthsearcher (Dr)
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To: 2ndDivisionVet

If we want the best and brightest for immigrants this is how you do it.


6 posted on 05/12/2017 2:59:50 PM PDT by Organic Panic (Flinging poo is not a valid argument)
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To: 2ndDivisionVet

Ah, we decided to bring useful people over for once.


7 posted on 05/12/2017 3:08:26 PM PDT by Lady Heron
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To: 2ndDivisionVet

It’s short-sighted.

A long time ago I was a med tech in an SanFran hospital for indigents:

The first thing that MANY of the recent-arrived, well-off Chinese-Americans would do is get their VERY aged, ailing parents onto the free US medical gravy-train.

My hospital was high on a hill and they provided 24hr care for poor folks, many of whom had ZERO contact with ANYONE outside the hospital staff.

They LIVED there.

These elderly Chinese spoke ZERO english and never even tried to speak it —we had to come up with translator volunteers every time, else we had to PAY someone to find out what they needed (I understand many Chinese characters so often I could sort of divine what their needs were about).

They have info packs all about SSI, SSDI, Social Security, MediCal, etc, a whole blizzard of it.

I would say after 3 months or so they were generally more conversant in our medical welfare system than many US experts.

I even had one Chinese lady who was ONE HUNDRED YEARS OLD —imagine what her medical costs were on the taxpayers. Of course ZERO english, as always.

Her kids? They drove a very nice, shiny, huge SUV, much better than what I was driving. Better than what I drove today, in fact. They didn’t bat an eye about providing NOTHING for their mother’s medical care.

This is a bad system, I don’t care if they’re Daddy Warbucks, one and all, they break their backs working, then into the wee hours the whole name of the game is SCREWING Da Gummint for EVERYTHING they can get.

I love your posts generally, but I couldn’t disagree with you more, here.


8 posted on 05/12/2017 3:16:19 PM PDT by gaijin
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To: Sacajaweau

RE: “Nothing controversial about the visas. Start a business here and we’ll help you along the path to citizenship. It’s called skin in the game.”

FReepers know a lot sometimes.
Sometimes not -

1. There is RAMPANT fraud in the EB-5 program.
Chinese buy a $500,000 house and LIE on the State dept application that the “investment” will create numerous jobs, ie: they count gardener, pool man, realtor, utility, etc as job beneficiaries.

2. Chinese PLA keeps its citizens on a Very short lease for control of assets and remaining family back home.
They are national security risks with NO Allegiance to the US as far as US National interests or protection of the US Constitution.
US Intelligence services are well aware of this foreign threat, and Universities are also alarmed at the political influence of Chinese Student groups promoting Chinese PLA policy positions.

Think this thru.
Geez

China’s influence threatens American universities, experts say - LA ...

www.latimes.com/nation/la-na-chinese-influence-20141205-story.html Proxy Highlight

Dec 4, 2014 ... The Chinese government’s influence over American universities is broad and deep.

China’s influence over Hollywood grows - The Washington Post

https://www.washingtonpost.com/news/wonk/wp/2016/09/2... Proxy Highlight

Sep 24, 2016 ... The Chinese government tightly controls media content, and ... the United States and China that permits American companies to export a totalGOP Congress Renews EB-5 Citizenship-for-Investment Program ...

www.breitbart.com/big-government/2016/12/30/gop-congr... Proxy Highlight

Dec 30, 2016 ... GOP Congress Renews EB-5 Citizenship-for-Investment Program. ... travel, economic espionage, money laundering and investment fraud,” he added. ... In 2014, China-born investors took 9,128 of the EB-5 visas issued that ...

Whistleblowers: US Gave Visas to Suspected Forgers, Fraudsters ...

abcnews.go.com/US/whistleblowers-us-gave-visas-suspec... Proxy Highlight

Feb 3, 2015 ... WATCH Investigation: Suspected Criminals, Spies, Terrorists ... Known as the EB -5 visa program, foreigners who are willing to ... In one case, immigration officials pushed through a visa application from Chinese investor in a ...


9 posted on 05/12/2017 3:19:00 PM PDT by MarchonDC09122009 (When is our next march on DC? When have we had enough?)
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To: gaijin

Spot on!


10 posted on 05/12/2017 3:22:53 PM PDT by MarchonDC09122009 (When is our next march on DC? When have we had enough?)
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To: 2ndDivisionVet
Gee..., someone investing $500K in an investment within the USA..., vs someone sneaking across the border to feed in the unlimited benefits trough..., not a tough decision for me!
11 posted on 05/12/2017 3:32:43 PM PDT by ExSES (the "bottom-line")
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To: 2ndDivisionVet

Suddenly the MSM has a problem with immigration? Only if they come into the country legally, bring money, create jobs and add to the treasury. If they come here illegally, take jobs and welfare, Welcome Amigos!


12 posted on 05/12/2017 3:56:15 PM PDT by Hugin (Conservatism without Nationalism is a fraud.)
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To: 2ndDivisionVet

Putting American citizenship for sale to corrupt Chinese who will scam every penny they can from the US government is sick and insane.


13 posted on 05/12/2017 7:41:26 PM PDT by WatchungEagle
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