Friday, August 19, 2016

China and the EB-5 Visa

How do the rich of China get U.S citizenship, which allows them to donate to political parties as US national's?  They buy it, so they can donate directly to the people who allowed it to begin with.  This corrupt practice was started in 1990, during the Clinton administration, with the start of a new program that had the right intentions but not much participation.  According to an article in Atlantic Monthly  the EB-5 visa is supposed to bring employment to US workers by offering an opportunity for investors to create 15 jobs.  The problem was, there weren't enough people who could do that so they started "regional centers" that could pool the numbers so they could get 15.  In 2014, 9200 of the 10,000 visas allowed were Chinese.  The father of a young military officer killed in combat spoke out againt Donald Trump made at least part of his income from helping with this type of visa application.

What this practice does is make a class of donors from China that are legally US donors.  We saw that applied in Virginia with donations from a Chinese businessman who was a US national.  The political people getting the benefit of this are the Clinton Foundation and the governor of Virginia, most assuredly among others.

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