If say 100,000 people got in for $100,000 in the first year, thats $10 billion in revenue... we accrue around $4 billion in new debt an average day. Doesn't seem significant to me?
Well I would assume these same people (someone who can just sign a check for $100k) would have significant income which would now be subject to US income tax. Plus, they might start companies, employ people and contribute even more.
might. that's the whole point of criticism I believe. this option does not auto-filter the successful folks and invite them, it invites anyone with cash. my chinese friend would be laughing his ass off reading this - he always said, as soon as they make it a cash option, everyone from china and their mother will come. there is money. and it doesn't mean a person is a smart, successful tax-payer just because they have money. things are very different outside of the US, regarding that.