Sorry madam, this is the story you get.
Full article: https://www.washingtonpost.com/worl...711e53-eb49-4f9a-8dea-3cd836fcf287_story.html
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WaPo: Kushner family pushing $500k investor visa to wealthy Chinese
- Thread starter Virzeth
- Start date
Full article: https://www.washingtonpost.com/worl...711e53-eb49-4f9a-8dea-3cd836fcf287_story.html
shnurgleton
Member
What a rich tapestry of corruption
Gibbets when
Gibbets when
ClosingADoor
Member
Bribing your way into the country by investing in the Presidents properties. This is even below most third world countries on the corruption scale.
jellies_two
Member
They also showed potential investors a slide showing that DONALD TRUMP was included in the people who allow or deny the visa.
The implication was obvious: Invest by buying Kushner property and MY FATHER IN LAW will make sure you're looked after.
The implication was obvious: Invest by buying Kushner property and MY FATHER IN LAW will make sure you're looked after.
SlipperyFishes
Banned
And middle America won't care. They'll suffer and still blame Obama while he Trump family fills its pockets
Icebergslim
Banned
So the moral of the story is if you have a lot of money you can now easily skip the processes of becoming a citizen. Super rich to the front of the line. I'm sure its always been that way though.
Technosteve
Banned
I honestly see nothing wrong with this. It's a 500,000 dollar ticket to America. Any corrupt party member would have that kind of money
The program already existed before Trump, afaik. The only possibly scummy thing is if they're funneling the investment money into their own businesses, specifically.
Yeah it's like that in most countries of the world. Money has always opened doors. Hell you can even legitimately buy a citizenship in some places if you're so inclined.
This program has been a thing since 1992 I believe and it's not really got anything to do with corruption or bribery. I worked in the industry in china for 3 years (not promoting Trump projects thank goodness) and it's actually a pretty decent program for America. Most countries have something similar.
If you search EB5 projects and see what kind of great things have been done with the money you'll probably actually support the program. I personally raised $50 million + for Milwaukee in the old Pabst Brewery location that had been abandoned for a decade. You can google that, or also check the Hunters Point project in SF, the Navy shipyard project in NY... any number of projects that have or are resulting in great new developments in previously rundown areas. As with anything there are problems, and the President and his family shouldn't be able to financially gain from it, but there is nothing wrong with the program itself (aside from the limit of only 10k visas per year).
You have to disavow your communist party ties and prove your money was sourced legitimately. Of course it isn't super difficult to prove your money was legally obtained considering you only have to prove the investment funds (500k)... anyone who legitimately bought a house in a tier 1 Chinese city 10 years ago can just mortgage their house since it'll now be worth well over a million ... anyway this program isn't really for "super rich"... in china 500k is normal money for anyone who owns a home in a big Chinese city. This program is primarily aimed at these middle class home owners with kids in school still, take out a mortgage and get your kid a decent overseas education and a green card. The parent typically keeps his Chinese citizenship. American citizenship isn't really all that appealing to most of them. The super rich can live anywhere and do anything they want, this program means nothing to them. They don't want to be American because America taxes your worldwide income. They don't get rich by being dumb.
If you search EB5 projects and see what kind of great things have been done with the money you'll probably actually support the program. I personally raised $50 million + for Milwaukee in the old Pabst Brewery location that had been abandoned for a decade. You can google that, or also check the Hunters Point project in SF, the Navy shipyard project in NY... any number of projects that have or are resulting in great new developments in previously rundown areas. As with anything there are problems, and the President and his family shouldn't be able to financially gain from it, but there is nothing wrong with the program itself (aside from the limit of only 10k visas per year).
You have to disavow your communist party ties and prove your money was sourced legitimately. Of course it isn't super difficult to prove your money was legally obtained considering you only have to prove the investment funds (500k)... anyone who legitimately bought a house in a tier 1 Chinese city 10 years ago can just mortgage their house since it'll now be worth well over a million ... anyway this program isn't really for "super rich"... in china 500k is normal money for anyone who owns a home in a big Chinese city. This program is primarily aimed at these middle class home owners with kids in school still, take out a mortgage and get your kid a decent overseas education and a green card. The parent typically keeps his Chinese citizenship. American citizenship isn't really all that appealing to most of them. The super rich can live anywhere and do anything they want, this program means nothing to them. They don't want to be American because America taxes your worldwide income. They don't get rich by being dumb.
jellies_two
Member
* Using the office of the president to line his project
* Rank Hypocrisy viz immigration policy, h1b policy etc
* Not wanting to know or caring where the money comes from (has been the case for money from Russia all along)
But when the nepotistic son in law of the president is using his position to funnel money into their business, that is a completely different story.
Nepotism. Conflict of interest. Emoluments.
Yes I don't agree with that part of it. I'm addressing the posts in here complaining about the program itself. It's a great program.
It's not about EB5, it's about EB5 used as leverage to line up the pockets of the family in charge. If the presentation was about how EB5 could fund various industries, it would be ok. But this presentation was specifically about Kushner Properties. If you can't see the corruption, I don't know what to tell you.
Technosteve
Banned
Hey Don't hate the player hate the game.
DrROBschiz
Member
yeah this has been happening for a looooonnnngg time for rich people all over the world
jellies_two
Member
Trump and Kushner etc are not playing the "game" they are breaking all the rules right in front of everyone.
Ummm I already said I don't agree with that shit. I was specifically addressing those in this thread who are saying the program is bad or are angry at rich people that can "buy" citizenship. On the whole the program is heavily regulated and has been a boon for many blighted or forgotten areas across the country. Having a corrupt and shitty president doesn't make the program bad, it makes the corrupt shitty president bad.
bootsthecat
Banned
Besides name-dropping her brother and his father in law, how is this any different from any similar investment pitch? Are the visa rules different than the current standard if you go with the Kushners? If not...I mean, it's sleazy (I guess?) but I don't see how this is corruption.
Well they probably have some sway with uscis that a typical Eb5 project wouldn't have. I'm sure they could get their projects approved faster and less denials of visas for their investors, which would make their projects much more appealing and easier to sell... there are probably many potential avenues of corruption here, or at least improper influence.
Pretty much. I mean obviously Trump and his ilk are fucking slimeballs but let's not pretend that there are Chinese multi-millionaires who would actually have any problem coming to America and doing whatever they want. Shit, I mean like half of NYC real estate is basically owned by wealthy foreigners who don't even live here.
This issue here is divestment. This seems like something any developer looking for investors would do. Laws need to be passed to fully guarantee any high level government agent is fully divested from entanglements like this. If you're trying to buy influence and the influential figure has nothing to do with the company you'll take your money elsewhere
cpp_is_king
Member
Guys, this is not something new. The $500k investors visa has existed for years
They also showed potential investors a slide showing that DONALD TRUMP was included in the people who allow or deny the visa.
The implication was obvious: Invest by buying Kushner property and MY FATHER IN LAW will make sure you're looked after.
I wonder how Patrick Leahy feels about his appearance in this slide...
Carpe Carnim
Member
Having the President's publicaly-employed family members flogging them certainly is.
But you already knew that...
Don't even waste your time with him.
Turbo Killer
Member
*reads tag*. WTF!
Arrogant Bastard
Banned
It is like a fascist wet dream, wonder why a mod said edit it again and see what happens.
OT: I'm just not surprised by each new day and another shady as shit revelation.
At some point their is no coming back from purposefully making yourself this dumb
Leahy has been a huge supporter of EB5 for years and comes to china quite regularly to promote the program.
Most countries have a program like this. Canada I think you only need 80k and you are guaranteed after 5 years to get that back at minimum (you could get a better return on investment and make more but they will guarantee your initial investment).
The problem isn't the program, the problem is a Trump family member using the presidency as a selling point
cpp_is_king
Member
The fuck does that have to do with the fact that this visa has been around for ages?
For the record i think it's a bad visa and I wouldn't mind seeing it go, I'm only commenting on the fact that everyone here seems to be treating this as something new
gutter_trash
Banned
http://money.cnn.com/2017/05/03/investing/china-hna-deutsche-bank/
Chinese firm becomes Deutsche Bank's biggest shareholder
... Trump owes money to Deutsche Bank
Chinese firm becomes Deutsche Bank's biggest shareholder
... Trump owes money to Deutsche Bank
The point is the Trump connection, though it is a program that seems ripe for abuse. Using public office for private gain like this while serving is illegal.
Which in turn had highly dubious links to Russia.
Trump is laundering his debt away.
RPGCrazied
Member
I like how in one of the slides shows Trump. Its like, don't forget who the President of the US is! My father in law, you'd do best to remember that.
KernelPanic
Member
Wait till Steve "two thirds of Silicon Valley CEO are Asian" Bannon finds out about this.
Yeah, people are upset that this exists and not that the president's advisor and son in law is using his position as a way to advertise investing in his personal business.
Maybe, idk, read?
Why is it a bad visa ? America has so many places that could stand to use development, our infrastructure is shit, we are falling so far behind much of the world, why not accept money from people who are willing to spend it on a country that's not even theirs, for programs that revitalize downtrodden areas and create jobs?
lastplayed
Member
NZ is also for sale if you've got the bread.
All the billionaires are buying their way in to avoid the apocalypse.
All the billionaires are buying their way in to avoid the apocalypse.
Almost every country has similar programs. It's not the billionaires though that take advantage of them. Billionaires can already do whatever they want, wherever they want, whenever they want.
FinaruDensetsu
Member
There are loads of eb-5 investment centers here in the US. Kushner is for sure doing even more than that slide to not so subtlely hint that his father in law will give them preferential treatment to get a leg up on the competition.
This is my takeaway.