What is U.S. Citizenship Worth?

From the WSJ:

“A survey published in November found that 60% of about 960,000 Chinese people with assets over 10 million yuan ($1.6 million) were either thinking about emigrating or taking steps to do so. The U.S. was the top destination, followed by Canada, Singapore and Europe, according to the survey by the state-run Bank of China and Hurun Report, which analyzes trends among China’s wealthy.”

Several months ago I was trying to sell a policy protecting against “civil unrest in the event of a U.S. government default on debt” to a young lady, Oxford graduate, and she gave me the following interesting suggestion:

“The U.S. could wipe out the deficit if it simple guaranteed citizenship to anyone willing to pay $1M.”

I wondered, “Why would anyone want to do that?”

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