This is Where the Jobs Are

America's Missing Millionaires Since 2007, over 800,000 millionaires have vanished from America's shores. Like many of us, they've grown fed up with America's out-of-control tax code and greedy government … and they've decided to do something about it. To find out where they've gone – and how you can join them – click here for Bob Bauman's special report. Why America is Losing the Battle for Business By Bob Bauman JD, Offshore and Asset Protection Editor Dear Sovereign Investor Subscriber, America has always prided itself on being the Land of Opportunity. So much of our country's foundations and history have been built on that very notion. For centuries, investors and entrepreneurs from around the world have landed on our shores with the singular dream of building a business and fortune here. Today, many still harbor that dream. But something somewhere has gone wrong. And on Labor Day, it is fitting that we should address this problem head-on. With all the angry debate in America over illegal immigration and the alleged need to build thousand-mile long walls at the Mexican border, you don't hear much about the often ridiculous and onerous problems surrounding legal immigration. Jumping Through Hoops of Fire Tens of thousands of people from around the world apply each year to come to America in pursuit of their dreams. And the few business people and entrepreneurs granted green cards – those whom this country truly needs – are not only made to jump through hoops of fire to get those green cards in the first place, but the harassment continues for years, sometimes generations, afterward. Advertisement Will the $2.4 Billion "Weil Project" Make This Stock Soar Too? There's a little-known stock riding the coattails of one of history's greatest stock market success stories. And, we think now is the time to get on board. We show you why when you click here. But first, we should look at a few facts. Immigrants last year created 28% of all new U.S. businesses. And, immigrants are twice as likely to start a new business, compared with those born in the United States. Immigrant entrepreneurs last year launched at least 170,000 new companies – nearly double the 1998 figure. These businesses are operating here, on American soil, providing much-needed American jobs. And with the current state of affairs here, I say these jobs are welcome. The official July "unemployment" number in the U.S. was 8.3% of the adult population eligible and able to work, an increase of 163,000, compared with the previous month. That number means 12.8 million American citizens were without jobs and income. That is more than a jobs crisis; it is a jobs tragedy. But while this picture is grim, a look at the real jobless rates – which counts not only those who are looking for work, but also those who have grown discouraged and have quit looking – reveals a statistic closer to 20%. With President Obama constantly repeating re-election claims that his programs are working and Romney jawing about the need for jobs, you would think that U.S. government would be working overtime to bring in even more of these investors and entrepreneurs. They are working overtime – but not to help. Instead, they are throwing up even more roadblocks and red tape for these immigrants. The Hard Road to Legal Immigration Legal immigration is the status offered to hard-working investors by a special law, the E-2 Investor Visa program that allows foreign citizens to come to the U.S. and start a business for an investment as low as $50,000 in some cases. The business owner, as well as members of his or her family, can live here legally, as long as the business is a going concern. The E-2, of which 25,500 were issued by the government in 2010, is intended for what the State Department calls "temporary visitors." However, under the program, the children of E-2 visa holders are not permitted to remain in the U.S. beyond the age of 21 – unless they qualify for a different type of visa. The E-2 visa program is popular. Since 2009, at least 33,000 applications have been filed every year and an average 25,926 visas have issued annually. But, because of its restrictions and associated costs, many potential applicants are driven away. The legal costs involved in complying with the E-2 system can easily exceed $15,000. More importantly, the E-2 system lacks stability. Entrepreneurs have no guarantee that, even after they open a successful business, their children will be allowed to stay after turning 21. If you were looking to move to a new country to start a new life and new business, would you go somewhere that may tear your family apart after five, 10 or 20 years? The E2 system is clearly flawed and is detrimental to America's future. While America Says No – Other Nations Open Their Arms The nation's visa system remains a roadblock for foreigners who want to start businesses and create jobs in the U.S., especially at a time when we need more entrepreneurs than ever. Now, few viable options exist for entrepreneurs eager to come to America – and those that do, offer little predictability. For example, the investor visa carries a $1 million top price tag – certainly too high for most aspiring small-business owners. While we continue to drive away those looking to bring money, talent and potential jobs to the U.S., other countries are more than happy to welcome them. Emerging markets and growing countries welcome investor immigrants. Chile does it by offering $40,000 of equity-free capital and temporary visas. Singapore sets a low bar for investor "Entre Passes" and creates an expedited route for residence. There are numerous other examples around the world. Emerging nations have seen the opportunity – at our expense – and they are grasping it with both hands. Compared with America's onerous legal fees and potential for separating parents from children, the smart immigrant's choice is obvious. Not only is our current visa system hurting us in the short-term, it's potentially crippling us in the long-term. Some in Washington have seen the problem. A proposal that seeks to improve the system was introduced in a House bill in July by Rep. John Conyers, (D-MI) and Rep. Jason Chaffetz (R-UT) and aims to offer green cards to business owners here on E-2 visas who hire at least five Americans. While it's a start, fixing broken regulations with even more regulations is usually no solution at all. Ronald Reagan once said: "Sometimes the best thing government can do it to just get out of the way." Faithfully yours, Bob Bauman P.S. Driving away potential talent from the U.S. isn't America's only sin. Jeff has discovered a Ponzi scheme – the biggest in the world – that is about to unwind in December 2013. When it does, it will take historic levels of wealth with it. To find out how you can protect yourself – and even profit – click here for his urgent special report. Related Reading: To Hell with Politicians: Write Your Own Platform Is Your Lifestyle Insured? The IRS is Going for the Gold Is The World's Biggest Ponzi Scheme About to Unravel? RECENT ARTICLES 8/31/2012 How to Find the Most Promising Takeover Targets One of the quickest ways to make big gains through the markets is by investing in poetential takeover targets, such as baby multinationals. 8/30/2012 To Hell with Politicians: Write Your Own Platform Politicans are stealing your rights. So protect yourself by moving your assets offshore and applying for offshore residence. Create a Plan B 8/29/2012 Why a Bet on Zynga Could Have You Hitting the Jackpot Zynga, the social-gaming firm, is entering mobile gambling. If that happens, investing in this baby multinational could give you profits. 8/28/2012 What to Own as Silver Gets Ready to Rally As the price of silver heads higher, make sure you own physical silver, silver bars, silver coins, and avoid paper silver and silver etfs. STATE OF OUR WORLD National Debt Clock: $15,994,641,761,193 BECOME A MEMBER For more valuable information from The Sovereign Society on how to protect and grow your wealth, become a member today. JOIN NOW SPECIAL REPORTS Jeff Opdyke 2012: The Year of Yield Andy Hecht Metals More Precious and Profitable than Gold Bob Bauman How to Escape America, and Where to Go STAY INFORMED Whitelist Us Follow Us on Twitter Like Us on Facebook   Privacy Policy The Sovereign Investor 98 S.E. 6th Ave, Suite 2 Delray Beach, FL 33483 The mailbox associated with this email address is not monitored, so please do not reply. 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