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It would also deal with the issues of birth tourism as well. I am currently living in a hotbed for that here in the San Gabriel Valley in Southern California where it is not uncommon to see a herd of pregnant East Asian pregnant women walking around. Just last week, one of my relatives saw 18 pregnant women (well, 19. But one was Hispanic and not the usual) within 20 minutes. Most of these women are either middle classed or upper class in China/Taiwan/where ever they're from and they definitely have the money to stay here for months to go shopping, sightseeing, whatever way it fancies them to blow their money here in our economy until the child was born.
I think it's reasonable to grant citizenship to children of legal residents (such as working professionals who do contribute to the society) who later become citizens or at least set the price to $500,000 of investment+ whatever fees you want to add...which is sort of the current price for US citizenship now for investors.
For those who is going to criticize that it is all about money: Hey, the economic opportunity here is the primary reason why most of these people in the first place.
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