Hacker News new | ask | show | jobs
by dude3 4635 days ago
They are not the elite, they cater to the elite and special interests goals. China has 60 per cent of its $3.5tn foreign currency reserves invested in US assets. A housing program that offers green cards to foreigners who buy $500,000+ houses. How about the money going to US universities from 194,000 Chinese students. The $8.2 billion Chinese buyers spent in the 12 months to March 2013 of $70 billion on real estate. China will biggest economy in the world and we (USA) needs access. Migrant workers expand the population, provide cheap labor, and consumption A.K.A. grow the economy. They also vote.
2 comments
dude3 4635 days ago
The Chinese elite/the ones making the rules that you refer of, are the ones buying the houses. Who can buy a 10th house a 7,900 miles away that costs 2.5 million in cash? Mark Z Yes. If your argument were true, we would see relaxed immigration/TSA because of Obama. But, this article leads me to believe that it has gotten worse, not because of Obama, but because of the system. The birth factor might be considered a thank you in a simplistic sense. The Chinese are buying up houses that wouldn't be bought/proping up the market. The National Association of Realtors does happen to be the largest lobby group.

But, the point is, in such an extreme sense as mentioned above. Someone so visibly pregnant that a blind person could figure it out isn't given the slight of day. While a German dude with a guitar is practically thrown in prison. All I am pointing out is the irony/hypocrisy. And since it is so ridiculous and happens all the time there must be an explanation. Do you have one?

link
alexeisadeski3 4635 days ago
As a matter of fact I do have an explanation:

The US is a huge country with a ridiculous mess of overlapping laws and massive bureaucracy. It's a legalistic nation, one in which the laws are typically followed to a 'T' regardless of how much sense it makes. This leads to all manner of weird stuff happening.

link
alexeisadeski3 4635 days ago
So you think that the elite in the US _want_ more competition from rich Chinese people in the US real estate market? Pretty sure they'd rather have that to themselves.

The connection between Chinese currency reserves and pregnant women giving birth in the US is... what, exactly? You think that the people buying those reserves (Central Committee / PSC) like the idea of their citizens holding dual US-Chinese citizenship? Riiiight.

And if this US elite were so hot on immigration (and influential), the US immigration system wouldn't be so insanely restrictive.

US policy is dictated by the lowest common denominator.

link