It's often the more abstract things such as a crime free country, common law, protected private property rights, secure borders, protected commons such as clean air, spectrum and water, trustworthy reliable courts and political processes, which are most valuable.
Here is the problem -- I don't need to buy a multi million dollar membership to live in such a place.
If you want to convince people that tradable citizenship is a viable idea, you'll need to get into the nitty gritty. Let's say, there are about 330 million Americans. If every one of them is suddenly the owner of something worth, let's say, $3 million, then the capitalization of all USA citizenships is one heck of a big number. Wonderful. I'll tell all my neighbors that they are far richer than anyone has ever dreamed before.
High GDP is nice, but if the price of admission is higher than what most Americans can earn during a lifetime of hard work, I submit that your numbers do not add up.
Simple question -- if you or I want to sell our respective citizenships, Who will pay? This is an important question, since if there is a shortage of buyers, the price may drop very low.
Otoh, the US Constitution is something which was tried, and it worked.
I have no objections against admitting multi millionaires, but historically we did quite well with most immigrants being relatively poor. |
