I approach most things from a relatively strategic manner so I am probably thinking more from a business perspective than a political perspective, but I think the USA has one of the silliest immigration policies regarding foreign students. The USA doesn’t grant permanent citizenship to foreign students. We let them get educated here, work here for a few years and then we essentially kick them out. That makes no sense.
This is like a major league baseball team that forms a farm team to cultivate talent for OTHER teams. Can you imagine the Boston Red Sox creating a farm team, spending time, money and resources to cultivate talent for…THE NEW YORK YANKEES? Of course not. That would make no sense.
At the end of the day, we have to think strategically about this. The US government isn’t a business, but it is in the business of helping create better living standards for all of us. And allowing foreign students to obtain US citizenship is just smart strategic planning.
In his press conference today, President Obama said “we should make it easier to stay here” (referring to foreign students). No, we shouldn’t make it easier to stay here. We should make them WANT to stay here. This has nothing to do with politics. It just makes good sound sense.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.