Immigration for Sale: The $100K Visa, Trump’s Gold Card, and the New Price of the American Dream
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I'm Nicole Lappin, the only financial expert you don't need a dictionary to understand. It's time for some money rehab.
Today we're going to be tackling what might be the biggest hot button issue in the country right now. Immigration. From the ICE raids to the protests and the deployment of the National Guard, it is reaching a boiling point. But I'm not going to be talking about the politics of immigration. I'm going to be talking about the business of immigration. Because right now we're on the cusp of monetizing the American dream like never before. But the question is, will it work? There are two new programs at play here. First, a fresh six figure fee for H1B work visas and an equally headline grabby second Trump gold card, which is basically a high roller pass for wealthy foreigners who want to become a U.S. resident and skip the line.
Advocates of these programs say they would protect American jobs and boost U.S. revenues. Critics say that they're economically short sighted. But let's follow the numbers to see whether these initiatives would actually help or hurt the U.S. economy. Let's start with the H-1B visa fee. H-1Bs are temporary work visas that allow U.S. employers to hire foreign professionals in specialty occupations. Think software developers, data scientists, engineers and financial analysts.
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