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Apparently a major percentage of permanent residents in the USA are people who seem to believe it is a “come-and-go as you please” supervisa that lets you stay out of the USA to live and work and then use it to come back at-will to do the same. No more B1 visa, no more H1B and so on. Freedom to do what you want.It is not.Many people are shocked and surprised when they can’t use their unexpired ten year Green Cards to come back and live in the USA after being gone for several years. Without a reentry permit or SB-1 returning resident visa. Because the Green Card is unexpired they seem to think it is still valid.The keyword in permanent residency is “residency”. In the USA there is a requirement that you actually make the USA your home. If you leave for an extended period of time without the proper documents or even leave for a week but with the plan of living somewhere else, you’ve abandoned your permanent residency by your actions regardless of the date of expiration printed on the card.And these folks are then put out and angry they aren’t being let back in on “their” Green Cards.We need to improve the information in that “Welcome to America!” pamphlet they send with the Green Card to spell this out to correct these bad assumptions.A similar rule exists in Canada too but Canada is more lax about the time spent out of country. But they do have a limit that, if exceeded, will result in them pulling your permanent residency as well.

Your immigrant visa should have fine print that says serves as a temporary I-551 for up to one year. This means you do not have to wait for your actual I-551 card to arrive before you depart the United States. You must return within one yesr of the date your immigrant visa was stamped on your initial entry to the United States as an immigrant and you must have an unexpired passport. Once you have received your I-551 card, that is all you need to return to the United States, unless you are out of the United States more than one year-then you also need a permit to re-enter or an SB-1 visa.

The Solution would not be to Print more money but to Print money selectively. Its called Step Up or Helicopter Printing.Its done by all developed countries in such a manner that Hyperinflation is not too high and it is dwarfed by recovery.For instance- Say RBI prints 1 Trillion of Currency and pays the Gareeb Rs. 6000/- a head. The Gareeb who get Rs. 6000/- will buy Rice, Wheat and Food. There will be a Surge in Demand which will cause a price rise. Now there will be a Price Rise but it wont serve any purpose. This is because although the gareeb can be paid with printed money instead of taxpayer money, taxpayers will end up paying a higher sum for their commodities so instead of more taxes - there will be more costs - and in the end Disposable income will still be as low as it is.Now comes a currency called Helicopter Currency. Helicopter Currency is Legal Tender but the Notes are never in circulation. For instance - Rs. 1 Lakh note or Rs. 10000 Note or Rs. 50000 Note etc. These are issued generally on important occasions but they can also be used in Helicopter Printing.On the other hand - Say RBI issues Helicopter Currency for Rs. 1 Trillion and puts this money to 10 PSU Banks at Rs. 100 Billion each. This is legal tender by the way and legitimate currency. Instead the Banks - secured with this Rs. 1 Trillion of helicopter currency - use their excess liquidity to issue 5% Loans to the Govt of India for say a 10 year period. The Govt can use these Rs. 1 Trillion of Loans to invest in Infrastructure, Defense, and other domestic projects - generating employment or giving relief for education loans or even using a part of this money to give tax relief to the middle class - Then this creates a disposable income increase which will help in economic activity.There will be no hyperinflation but only economic inflation (due to increased economic activity) which would be a good thing, economy would benefit, unemployment would be reduced, disposable income would increase, consumer demand will increase, more economic activity, more wealth creation etc.This allows the Govt to continue to use the money earmarked for the Gareeb without reducing it and also allows Banks a big relief in the surplus liquidity (They cannot lend Rs. 1 Lakh note to customers- so this Helicopter Currency is only as Govt Security, if this collapses it means end of Govt of India) which means no capital erosion and higher SB and FD interest rates.As the Govt makes more money - they can repay their loans to the banks and destroy the helicopter currency eventually.It will be a Win Win SituationSo why is the Govt not Heliocopter Printing?It means admission of failure for the BJP so far.It will result in downgrading even more of Indian Bonds for at least 2 years in Overseas markets (More Debt on Govt, less chances of repayment they will say)It is not a vote winner. After all this is not UK or USA. Jobs and Middle Class power means nothing to the Govt.Too Archaic RBI and Banks - RBI is too old fashioned to adopt this method of Helicopter Printing.More Public Debt to GDP Ratio which is fine except some old fashioned economists still believe Public Debt should be low.Helicopter Printing has been done in Canada, UK, USA and many developed countries from time to time and have worked wonders. Yet India has never adopted such a move because Though we still talk as if we are in the 2020s - we actually still live in the 1980s as far as Finance and Economy are concerned.Maybe the Atmanirbhar Defence Industry model is based on Helicopter Printing…. That would be a Good Move.