Citizenship is a Public Good January 24, 2009Posted by federalist in Economic Policy, Human Markets, Taxation.
And as I previously suggested, we should consider selling such public goods in lieu of taxing citizens to fund government. That citizenship might qualify for such consideration was suggested today by James Kardon in a letter to the WSJ:
Immigration can be the key out of our current financial morass. The attack of 9/11 may have caused the current crisis by inciting the government to encourage real estate price inflation and, more importantly, slowing the immigration of talented people, caught in the red tape of the Department of Homeland Security. We could rescue the housing market and kick-start growth again by selling green cards to solvent immigrants for, say, $200,000.
If you build a valuable country why should you give it away via lottery, as the United States presently does with green cards? Especially when there are so many people willing to commit not only their allegiance but also real capital?