Peter Thiel only spent 12 days in NZ before being granted citizenship
newshub.co.nz
newshub.co.nz
Same reason why street crime is a real problem in NZ when it shouldn't be because it goes relatively unenforced, while they run arguably one of the highest War on Drugs cost/GDP per capita in the world. Makes no sense for the dignity of the average NZ citizen.
Surely someone there benefits from it, or it would have never happened.
FYI - the US grants green cards to foreigners who invest $1M in new American businesses, NZ probably has an unwritten law that grants citizenship to those who stimulate it's economy
Edit: Wow, my first negative score comment. Could some of the people silently downvoting please specify whether they think my comment is factually incorrect or non-pertinent?
E.g. Seychelles islands grants immunity to misdemeanors for a $2 million fee. But how can a society function with the rule of law suspended for the wealthy?
The rules are as they are. If someone stimulates your economy, they can get in. Nobody is going to ask why.
I'd be surprised (and amused) if they had refused him entry "because we think you may be doing it for yourself more than for us."
That can't possibly be so bad.
Edit: To be clear: point is, yes, investment is valuable, but it doesn't necessarily follow that there's no company or employment but-for his investment.
So, even if hypothetically there were increased marginalization, it would only matter if it were against Thiel's intention?...
Look I'd like to take the high road too and say everyone is equal, but we only begin that way.
(Note: I'm from the second group in this mind game)
An immigrant billionaire might buy a mansion with airfield attached for his armageddon hideout. Or he might grow a business employing immigrant workers on work visas. Some citizens might get jobs in the service sector servicing them.
(Incidentally, pointing to the mere existence of somewhat analogous programs elsewhere in the attempt to justify the grant literally is fallacious. Inferring an ought from an is.)
https://www.dia.govt.nz/diawebsite.nsf/Files/Peter-Thiel-rel...
https://www.weforum.org/agenda/2016/07/countries-selling-cit...
I don't see why if NZ thinks having Thiel as a citizen would be good for them, they can't give him citizenship at any moment they'd like.
https://www.weforum.org/agenda/2016/07/countries-selling-cit...
The latter "money for citizenship" has been going on in most countries (including the USA).
https://www.weforum.org/agenda/2016/07/countries-selling-cit...
Can granting Thiel citizenship create problems in the future, in terms of kickstarting negative trends? That's a possibility but it seems like a nebulous and remote one.
There's probably more playing into it. But being a relatively geographically far, politically stable country probably has a fair bit to do with it.
I'm not sure if NZ is a net food importer/exporter, but IIRC AU can produce enough food to cover AU population so I wouldn't be surprised if NZ was similar.
...and it's the same rule for everyone.
Granted that's assuming he actually has any meaningful personal taxable income, which is somewhat doubtful.
How can it take that long for funds to clear?