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X @Nick Szabo
Nick Szabo· 2026-02-03 07:17
RT War for the West (@War4theWest)This data tells us what those of us who work in STEM already know and live every day.STEM labor markets are flooded with foreign workers - and not just H-1B. Green Card holders are an even bigger problem, there are 14 million Green Card holders currently in the U.S.There is NO justification based on 'shortages' for this inflow. None. ...
Trump shows off the new "gold card"
Bloomberg Television· 2025-12-22 22:43
This is the gold card that as you know the secretary of commerce and myself and some others have been working on for quite a while. And uh Howard, how much have we sold in a few days. >> 1 billion300 million worth in a matter of a couple of days.That's a essentially it's the green card on steroids and it's a pathway and it's been an amazing. ...
Trump administration orders reexamination of some green card holders
NBC News· 2025-11-28 00:44
Beyond the terror investigation, this attack is spurring significant changes to the policy and politics around immigration. >> We must now re-examine every single alien who has entered our country from Afghanistan under Biden. >> Today, the Department of Homeland Security announced it would take on that review of Afghan immigrants.And in a separate, more sweeping step, the Customs and Immigration Service announced a fullscale rigorous re-examination of every green card for every alien from every country of ...
X @Nick Szabo
Nick Szabo· 2025-11-15 02:18
Labor Practices & Immigration - The report alleges that the H-1B visa program is being used to import cheap labor instead of attracting the "best and brightest" talent [1] - Companies are accused of manufacturing workers through "training & placement" pipelines to feed a visa-to-client conveyor belt, replacing American workers [1] - The model relies on OPT, CPT, GC, and EAD programs [2] - The process involves minimal "training" (100 hours) and "real-time assignments" (50 hours) before placing workers in full-time U S jobs under visa dependency [3] Scale & Scope - The companies involved claim to have 30+ direct clients and 50+ vendor contracts, including major U S brands [2] - The operation has processed over $100 million in payroll [3] - The operation has facilitated over 1,100 OPT placements [3] - The operation has processed over 250 H-1B visas [3] - The operation has processed over 80 green cards [3] Recruitment Promises - The companies promise personalized interview preparation, continuous mentorship, and guaranteed placement within 2-3 weeks [2] - The companies openly highlight their immigration output [2]
X @The Wall Street Journal
Policy & Regulation - The Trump administration plans to scrutinize social media for "anti-American ideologies" when deciding to grant visa or green-card applications [1]
The Price of Trump's Gold Card and Where Else You Can Live
Bloomberg Television· 2025-06-29 12:12
Investment Immigration Programs Overview - Investment immigration programs, including golden visa and golden passport programs, are more common globally than perceived, with over 20 countries offering citizenship by investment and approximately 60 countries and 5 territories offering residency programs [3][4] - These programs aim to boost the host country's economy by attracting investments, particularly impactful for smaller nations where they can contribute significantly to GDP [6][7] Program Variations and Requirements - Golden visa programs grant residency, while golden passport programs offer citizenship, sometimes without requiring physical presence in the country [5][6] - Requirements vary widely, including investment amounts, types of investments (real estate, government fees, managed funds, bonds, equities, businesses), and whether the immigrant gains residency or citizenship [5] - New Zealand's program requires investments of 5 million NZD (approximately 3 million USD) for the growth category and 10 million NZD (approximately 6 million USD) for the balance category [14] Economic Impact and Concerns - Investment immigration can significantly impact smaller economies, accounting for up to 50% of the GDP in some island nations [7][8] - However, concerns exist about potential negative consequences, such as crowding out local citizens in real estate markets and the risk of attracting illicit funds [9][18][19] - Some countries, like Spain, Ireland, and the UK, have shut down their programs due to these concerns, while others, like New Zealand, are increasing their efforts to attract high-net-worth individuals [9][12] US Programs and Proposals - The US has an EB-5 visa program requiring an $800,000 investment and job creation, but it has been criticized for being complicated and underutilized, with only about 5,000 of the 10,000 available visas being used annually [2][22] - A proposed "gold card" system in the US would involve a $5 million fee for permanent residency, but its potential impact on the national debt is considered unlikely to be significant, especially at that price point [1][24][26] - Some argue that lowering the price of visas could attract more wealthy immigrants, generating increased economic activity and tax revenue [27][28] Alternative Approaches and Market-Based Solutions - A market-based system for allocating visas, based on pricing, is suggested as a more efficient and effective approach [29][30] - Such a system could potentially undermine illegal immigration by providing a legal pathway for even low-skilled immigrants, who currently pay significant smuggling fees [31][32] - Financial institutions could benefit from providing loans to immigrants seeking to purchase green cards, creating a boon for the US financial system and economy [35]