Chinese investors 'buying' US green cards for $1m
As the US debates how to reform its immigration system - and deal with roughly 11 million [to 40 million] undocumented immigrants [criminal illegal aliens] living in the country - wealthy foreigners already have a legal route to a new life in America.
A visa programme called EB-5 offers overseas investors the opportunity to get permanent residence - a green card - in return for $1m... In areas with high unemployment, the visas are available for a $500,000 investment.
The visas have been available since the 1990s, when Europeans were the main beneficiaries. But today Chinese citizens represent a majority of the applicants.
...the scheme's supporters told the BBC that the developers fund projects that create jobs in America.
CAIRCO Notes
Those Chinese job seekers obtain jobs at the expense of Amererican workers.