Would you buy a Green card ($50k), H1B visa ($10K)?

These are suggested starting prices for a visa auction

Economists Pia Orrenius of the Federal Reserve Bank of Dallas and Madeline Zavodny of Agnes Scott College in Decatur, Georgia propose that the government auction off visas to employers, simplifying our complicated immigration system and creating revenue for the Treasury. That's the thesis of their book, Beside the Golden Door

The authors suggest initial minimum prices-that would fluctuate according to demand-of $10,000 for a high-skill visa, $6,000 for a low-skill visa, and $2,000 for a seasonal visa.

University of Chicago economics professor Gary Becker has proposed raising even more money by auctioning off green cards to individual immigrants, starting at $50,000, raising about $50 billion annually.

RealClearMarkets - Auctioning Visas: Do I Hear Billions?
 

Lyosha

Psychic in Training
It's been a while since I have had to get a visa or green card, but from former co-workers, it seems that the cost required in obtaining a seasonal worker visa is currently an order of magnitude higher than what those prices... plus what do you do with people once they are in the country? How will this help get them to leave once they are done (which I feel is a better summary of the immigration issue in America)?
 
They issue the Green Card in six months if a person has a PhD degree and is teaching in a university. Otherwise, for people from India and China, it takes about ten years to get the Green Card if they are getting it through employer sponsoship.
 
They issue the Green Card in six months if a person has a PhD degree and is teaching in a university. Otherwise, for people from India and China, it takes about ten years to get the Green Card if they are getting it through employer sponsoship.

who are "they"? never heard about this procedure for getting a green card. could you provide more info pls?
 

alain

Older and Wiser
They issue the Green Card in six months if a person has a PhD degree and is teaching in a university. Otherwise, for people from India and China, it takes about ten years to get the Green Card if they are getting it through employer sponsoship.

IMHO, you have no idea what are you talking about.
 
IMHO, you have no idea what are you talking about.

I got the Green Card in six month when I was teaching at a large university. Many of my friends who work in IT field receive their Green Cards in average 10 years time. In Finance field very few people ever gets the Green card because everyone gets laid off within 10 years. All my friends who have Finance PhD, they take a job in a university for one or two years, then they get the Green Card quickly, then they come to Wall Street to make $.
 
50K to be a US citizen? Just marry a native and you are all set.

Not so easy as in the past. Furthermore even if all is smooth, it still takes 1 year.

I don't see any issue with the idea. In fact at the moment there is a similar option. If you invest at least $500k in some business here, then you get the green-card automatically. The discussion is really about the threshold. Is $50k too low? How about $100k?
 
I just looked at the article and I think the key is to really marry someone. They only give you crap if you are a super hot Russian marrying a 60 year old, fat guy with some emails and an online romance.

I have always read that you want to meet someone here and get married here. I suppose you can't control how love happens, but even if you don't get citizenship through marriage you can still work and apply for a green card the normal route.
 
Heck, if a super-hot Russian chick gets married to a fat dude, they should give her hundred Green Cards. She has earned them.
 
I would pay $50k for a green card.

I think that half the people working on Wall Street would be happy to pay $50K for a Green Card. A lot of them actually do this. If you read any of the borough newspapers in New York City, you will see ads of shady people who arrange the Green Cards. They are actually able to do this by arranging fake marriages with USA citizens. They take the person to the courthouse, get the marriage certificate. Three months later the person gets the conditional Green Card. After 2 years, the person gets the permanent Green Card.

It normally works quite smoothly. The main problem would occur if the person was already married. Then you have to be patient for 10 years and get the Green Card through your empoyer.

If you have PhD degree, the easiest way to get the Green card is to teach in a university. In that case, they will issue the Green Card in a special category and it only takes 6 months to get the Green card. Even through marriage, it takes 2 years.
 
I think that half the people working on Wall Street would be happy to pay $50K for a Green Card. A lot of them actually do this. If you read any of the borough newspapers in New York City, you will see ads of shady people who arrange the Green Cards. They are actually able to do this by arranging fake marriages with USA citizens. They take the person to the courthouse, get the marriage certificate. Three months later the person gets the conditional Green Card. After 2 years, the person gets the permanent Green Card.

It normally works quite smoothly. The main problem would occur if the person was already married. Then you have to be patient for 10 years and get the Green Card through your empoyer.

If you have PhD degree, the easiest way to get the Green card is to teach in a university. In that case, they will issue the Green Card in a special category and it only takes 6 months to get the Green card. Even through marriage, it takes 2 years.

Great points. I guess I will simply start of with a teaching degree next year, then after 3 yrs (and do CQF or MFE part time) then make the move to the street.
 
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