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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: arun gera who wrote (58122)1/2/2005 11:31:14 PM
From: Maurice Winn  Read Replies (1) of 74559
 
Hi Arun. Yes, and those are for dodgy, or illegal, entry fees, or for people of relatively low value. <...a groom with a Green Card could command a dowry in 1,000s of dollars. I recall reading a newspaper article that mentioned that illegal immigrants pay in 10s of 1000s of dollars to get smuggled to USA. A US company hiring a foreign employee on a work visa ends up paying about $10,000 just to get started.>

People of high value would value access much more. Especially if they actually owned the citizenship on a tradable basis, so they could sell it again if they decided to go back home, perhaps for a big profit.

GDP per capita is another way of valuing citizenship. Various countries assign values to humans for road accident purposes to calculate the return on investment of road safety projects and general roading improvements in cost benefit analyses. In New Zealand, I believe the value of a random human is currently about US$1 million.

I suspect the value of the people actually killed in road accidents is a lot lower than that and a lot of them even have negative value [criminals of various types who have never done anything useful and live on welfare while creating mayhem and misery for others].

If there was a reported citizenship value listed in the Nasdaq or equivalent, maybe eBay, then it would rise as politicians who did stupid things that lower the value would soon be voted out. At present, people ignore, or even appreciate, stupid things done by politicians, because they can't see any harm to themselves. If they saw their value drop by 10% overnight on the announcement of the latest idiocy by government, they might think and vote a bit differently.

Mqurice
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