An immigration tariff would reduce all of those burdens, diminish the uncertainty of the legal immigration process, and produce a fairer and more transparent immigration system for all.
An immigration tariff does not have to be a separate visa category like a gold card to improve the immigration system.
Just as an export tariff on wool was an improvement over an export ban, an immigration tariff is an improvement over the current immigration system's caps and numerical quotas.
The immigration tariff's gold card would be a more market-based visa than any current visa because it charges a price and allows the quantity of visas to automatically adjust on the basis of domestic supply and demand.
The tariff would distort the price of the visa and create deadweight loss, which is the value of goods and services not produced as a result of market distortions such as taxes.
Congress could decide to set different tariff rates based on the immigrant's occupation, but such a system would eliminate many of the economic benefits of an immigration tariff.
The economic inefficiency created by an immigration tariff would be less than that created by a numerical cap, unless the tariff rate were so high that even fewer immigrants would enter relative to the current system.
https://www.cato.org/publications/policy-analysis/case-immigration-tariff-how-create-price-based-visa-category
An immigration tariff does not have to be a separate visa category like a gold card to improve the immigration system.
Just as an export tariff on wool was an improvement over an export ban, an immigration tariff is an improvement over the current immigration system's caps and numerical quotas.
The immigration tariff's gold card would be a more market-based visa than any current visa because it charges a price and allows the quantity of visas to automatically adjust on the basis of domestic supply and demand.
The tariff would distort the price of the visa and create deadweight loss, which is the value of goods and services not produced as a result of market distortions such as taxes.
Congress could decide to set different tariff rates based on the immigrant's occupation, but such a system would eliminate many of the economic benefits of an immigration tariff.
The economic inefficiency created by an immigration tariff would be less than that created by a numerical cap, unless the tariff rate were so high that even fewer immigrants would enter relative to the current system.
https://www.cato.org/publications/policy-analysis/case-immigration-tariff-how-create-price-based-visa-category
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