The world-renowned American architect I.M. Pei left behind many iconic designs, such as the glass pyramid at the Louvre Museum and the geometric John F. Kennedy presidential library. Many tributes to him since his passing emphasize his Chinese roots. But his long and productive life is a shining example of American exceptionalism.
I wouldn’t be where I am today without the market economy. Compared with a centrally planned, command-and-control economic model, the market economy is much superior in at least three ways, all of which are readily apparent in my own line of work.
The Kushner family is doing a road show in China, “promoting $500,000 investments in New Jersey real estate as the path to a residency card” through the EB-5 program. It’s too bad they don’t have a better program to offer both Americans and potential foreign investors.
One of the solutions Mr. Lazear suggests is to create a Z-visa for illegal immigrants. I argue that it won’t solve the illegal immigration problem, but will extend the existing long wait and backlog in our existing immigration system.
A new visa category would add another layer of complexity, and our immigration system is already very complicated. It will strain the resources at the U.S. Citizenship and Immigration Services. To reform our broken immigration system, the new Congress needs to get away from adding special visa categories which tailor to special groups of people. A reform proposal should be driven by the principle of “keep it simple.”