Or I should say lack of a coherent and consistent official immigration policy, because the unenforced, or inconsistently enforced, immigration legislation that exists currently in America is mere window dressing disguising an unofficial immigration policy that falls perfectly along class lines. This post is a follow-up to my original post on American immigration policy here entitled Coming To America. Hopefully it will convince you, if you are not already aware and are an American not of the Elite who’s ancestors made the passage to America several generations, or more, earlier. Your replacements have, and are, being recruited and have been on their way and settling in for some time now. If you find your standard of living slipping and the promise that if you work hard and do as you’re told you will succeed being broken, it’s not your imagination. It’s by design. Your expiration date as the beneficiary of an elevated standard of living resulting from a former antiquated wave of immigration to America has arrived. What’s ultimately to be done with you now since you’re irrelevant is anyone’s guess, but first you must be broken and picked clean a thousand times over. No meat will remain on your once formidable bones, only the unnatural and toxic fatty deposits from years of ingesting a diet consisting mainly of fast and highly-processed food. You cannot defend yourself against that which you not only cannot see, but would refuse to see even if you did have eyes.
In Coming To America we learned that replacements for the underclass, the unskilled Masses, are, and have been, coming from Latin and South America mainly. There are some coming from Asia that are slated for the underclass designation, but most Asian immigration is intended for solid Middle Class and Upper Middle Class status. In Coming To America we saw that Indians are by far and away the most predominant Asians to occupy the Middle and Upper Middle Classes.
So, we have the replacements coming for the underclass Masses, the Middle and Upper Middle Class, but what about the Ownership Class, are there replacements for that level too? I’m glad you asked, because there are indeed replacements scheduled for that designation as well under the aegis of a little known law that was crafted during George H.W. Bush’s tenure (by a Democrat-controlled Congress, of course) as president known as The Immigration Act of 1990. That legislation, amongst other things, created a mechanism whereby wealthy immigrants could buy their path to American citizenship by becoming “Immigrant Investors” via an EB-5 visa. The result is fast-tracked American citizenship and automatic head-of-the-line ownership status. What took historical waves of immigration to America generations of sacrifice and hard work to accomplish now happens almost instantly, and that goes against everything we’ve been taught is American.
The reason I know about EB-5, keeping in mind most people don’t know about it, is because my wife and I are in the process of developing a business plan as the culmination of a five-year plan we’ve had in place to start and own a business. We’re deciding whether or not we should allow a consulting firm to develop the plan for a fee, or develop it ourselves. We haven’t yet decided, but the exploratory process in making this decision has been informative and enlightening. We recently turned down a consulting firm that offered to build the business plan for a mere $10,500. Mere. As if. As part of the interview process with the consulting firm’s project manager, he informed us if our prospective investors we have lined up didn’t pan out, we could tap EB-5 financing. As you’ll see from the article I will link to shortly, I have no doubt this consulting firm has tight ties to a USCIS-certified regional center or are members/owners of one and therefore they make a percentage fee off every deal for which EB-5 financing is arranged. Needless to say, we turned down the offer — it was much too exorbitant a fee for our modest business proposal. Our business plan is not Google, but unfortunately most venture capital is only interested in that and not much else, and as a result you have a ton of money chasing limited opportunities, and many potentially successful ventures that don’t fit the description of the next Google unable to secure financing because they’re not “sexy.” But that’s another story for another time. For now, let’s stick to Classy Immigration Policy.
As I mentioned, replacements for at least a portion of the Ownership Class have been found. Some are already here and many others are on their way — in the pipeline, so to speak, and the EB-5 visa is enabling this swap with increasing frequency in the last several years. As we’ll see from the following linked Fortune article, EB-5 wasn’t very popular for many years after it was introduced as part of the The Immigration Act of 1990
, but that’s changing — and changing fast. The following article is excellent in every way, especially the example it uses throughout in explaining the EB-5 visa program. Anshoo Sethi and his father, Ravinder, are the product of the wave of immigration subsequent to the passing of the The Immigration and Nationality Act of 1965 which was underscored and analyzed in the Coming To America blog post linked to above, so I find it particularly delightful that it is representatives of this recent wave of immigration who are front and center in selling the myth of America down the river — in every conceivable manner imaginable.
by Peter Elkind & Marty Jones JULY 24, 2014, 7:30 AM EST
Whether you’re a skilled technology worker or a poor laborer, it’s getting harder to become a U.S. citizen. But for those with $500,000 to buy their way in, it’s a different matter. That’s just the beginning of the problem.
On Nov. 15, 2012, about 100 people gathered in a parking lot near O’Hare Airport in Chicago for a ceremonial occasion: the demolition of a fleabag motel to make way for what was intended to be a world-changing construction project. Next door to a Hooters restaurant, just off the Kennedy Expressway, was to rise a commercial and environmental wonder—the “World’s First Zero Carbon Platinum LEED-certified and 100% Allergen Free convention center and hotel complex.” Lest anyone doubt its global eco-import, the project’s developer was branding it as a “Kyoto Protocol Centre.” At a projected cost of $913 million, it was to include three connected towers—14, 17, and 19 stories tall—containing five upscale hotels with 995 suites and rooms, four levels of convention space, a green roof with a spa and yoga studio, a miniature golf course, and a 1,720-car “automatic robotic” parking garage. All this would be financed with the help of a government immigration program known as EB-5, which allows wealthy foreigners to obtain U.S. citizenship by sinking $500,000 apiece into a venture that creates American jobs. Spellbound by the sales pitch—which included “guarantees” that the project would deliver visas and juicy returns—nearly 300 eager Chinese investors had anted up a total of $147 million.
Now construction was finally about to begin—or so Anshoo Sethi had told everyone. Sethi was the project’s mastermind, a slender, soft-spoken young man with a grandiose vision. Nattily dressed as usual, in a cream-colored suit with a lavender tie and pocket square, Sethi presided over the proceedings in a white tent festooned with balloons. There was champagne, hors d’oeuvres, and cupcakes. Superstitious, he had sought the insights of a “corporate astrologer,” who had instructed him to place a “money plant”—associated in Indian culture with prosperity and fortune—next to the podium.
The dozen speakers at the ceremony included two Chicago union bosses, who praised the development’s pledge to generate 8,495 jobs; Sethi’s real estate adviser, who gushed about the prospects for the complex’s name-brand hotels; a state senator; and Kevin Wright, a consultant who had helped Sethi raise all that Chinese cash.
Also speaking was Anshoo’s father, Ravinder, who had emigrated from India to the U.S. in 1977. The project’s offering memorandum, which listed Ravinder and Anshoo as the deal’s principals, described father and son as seasoned, respected veterans of real estate and hotel development.
The truth was rather different: Ravinder was a pharmacist and small-time businessman with a felony drug conviction in his past; more recently he’d been forced to sell his storefront pharmacy on Chicago’s South Side after inspectors had discovered more than 200 unlabeled bottles of pills on the premises.
In the offering memo, Anshoo was said to have “over 15 years of experience in real estate development and management, specifically in the lodging area.” In fact, his business experience mostly consisted of managing the family’s motel—the very structure they were preparing to demolish—to disastrous effect. If you believed the offering document, Anshoo would’ve had to enter the industry at age 14, because he was still only 29.
But no one at the festivities seems to have troubled with such details. After the speeches were over, everyone donned white hardhats to pose for photos with the ceremonial chrome shovels Anshoo had purchased for the occasion. He then climbed into the seat of a backhoe. With an operator directing him, Sethi tore a symbolic first chunk out of the old motel, starting to clear the site for the glorious new complex that was certain to rise soon.
You may never have heard of EB-5, the program that delivered $147 million to Sethi’s convention-center dream. It is one of the least explored of the many dark corners in America’s deeply troubled immigration process.
Immigration dominates the news today, and it’s just the latest crucial issue locked in a bitter Washington stalemate. The consequences have been dire. Whether it’s tens of thousands of impoverished children detained by border officials and clogging government facilities, or scientists and engineers highly coveted by technology companies who aren’t permitted to remain here, the U.S. is preventing countless foreigners from staying in this country.
Increasingly, the skilled and the poor are out of luck. But the rich are another matter. The program (EB-5 is short-hand for the government’s fifth employment-based visa “preference”) allows well-heeled foreigners to leap to the front of the line by simply plunking down $500,000.
From the law’s inception in 1990, selling potential citizenship to the rich struck many as a corruption of American ideals. “Have we no self-respect as a nation?” asked Texas congressman John Bryant on the House floor that year. “Are we so broke we have to sell our birthright?”
But that powerful objection was overcome with an even more potent counterforce: The program would generate jobs where they’re needed most. Immigrants seeking EB-5 visas must invest their half-a-million dollars in a new business that creates 10 full-time U.S. jobs in a high-unemployment or rural district. (Technically, one can obtain an EB-5 visa for $1 million with no requirement that the jobs benefit a struggling area; in reality, few apply under that provision.)
Today EB-5 commands bipartisan support—and it’s booming. Believers tout the program as a “win-win-win” that helps immigrants and U.S. workers, and provides valuable investment in American communities. A trio of billionaires—Warren Buffett, Bill Gates, and Sheldon Adelson—recently endorsed the program in an op-ed column in the New York Times.
More at link — it’s a must read and a great story
Please click the link to that story and read it in its entirety. It’s excellently researched and written. For now, the Ownership Class replacements are coming from China, but since the EB-5 visa program has only recently been discovered and uncovered, I suspect there will be a diversification of representation as the program gains steam and becomes even more popular. They say “money talks.” They are correct, and immigration policy is no exception.
One final note. The immigration that more closely resembles the European immigration wave of the late 19th and early 20th century is what is now designated as illegal immigration — they come here with nothing, not even a shirt on their backs hardly, and work hard for peanuts to build a better life for themselves and their loved-ones. I have made the case in the Coming To America blog post that it’s all illegal because the process of determining and legislating immigration policy and practice is not democratic. It is not the will of the people. The people are not consulted nor are the people represented. In my opinion, that means illegal. So I don’t recognize the distinction philosophically. As a matter of convention, certainly we must abide by their illegal and unjust laws because jail is the implication if I/we don’t. So much for the the notion of “a nation of laws.” That phrase makes me laugh. Nazi Germany and the USSR were both nations of laws. And?
Suffice it to say, my wife and I will not be soliciting EB-5 financing. It goes against our principles. We have two probable prospective investors, both American citizens, who we feel confidant will partner with us, but even if they don’t come through, we will not resort to selling America off to the highest bidder as so many others, as we see from the linked article, are willing to do.