The federal government should pay off its self-inflicted debt by selling Americans’ valuable citizenship to wealthy foreigners, a Wall Street Journal op-ed published on Thursday states.
Instead of being a nation of citizens with reciprocal duties and rights, the government should “Consider America like a club, with initiation fees required for admission,” the May 23 op-ed said.
The government could start by printing and selling two million shares of citizenship per year, or roughly one extra share for every two Americans born each year, according to the op-ed:
One way to modernize our immigration laws would be to allow market forces to decide who should become new citizens.
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An example: Sell 8,000 visas to the highest bidders for 250 days a year. Suppose the average price is $30,000. Of the $60 billion in annual visa revenue, devote one-third to more-intense…
