Earlier quoted context omitted.
We have a solid border control regime, so we need to move straight to a rational immigration/visa system.
We don't do effective overstay tracking.
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Study: Immigrants Founded 51% of U.S. Billion-Dollar Startups
201–210 of 701 posts
Re: Study: Immigrants Founded 51% of U.S. Billion-Dollar Startups
#202This is true but it needs perspective, and I am by no means anti-immigrant. I'm actually a pretty open border person, and am 100% against Trump's proposals (though perhaps there are some instances of H1B being abuse [see Disney].) However, this study should have a big caveat, for starters there are significantly more tax benefits for starting a business if you are an immigrant. Secondly, immigrants don't have entrenc…
Can you please share the details on the tax benefits? I am an immigrant and have started and sold companies and I didn't find any tax benefits.
I should clarify, there's no -direct- tax benefits. It's largely to do with capital (immigrants generally pool capital better) which they can write off for years. Most Americans don't put up as much personal capital. There are also grant programs and guaranteed loans which immigrants can utilize which regular citizens generally don't have access to. Though on a whole the raising of capital is similar.
Re: Study: Immigrants Founded 51% of U.S. Billion-Dollar Startups
#203Wouldn't it be more useful to see the percentage of total startups- and even better, the percentage of GDP created by these startups? That would seem to include key measures such as job creation, etc. Simply measuring the percentage of giant companies doesn't seem as useful.
Re: Study: Immigrants Founded 51% of U.S. Billion-Dollar Startups
#204Earlier quoted context omitted.
Because the populist parameters used to define usefulness of a person is incorrect. You think a person from Mexico is more useless than a person from Canada?
More importantly, how can you not think that? Logically a Canadian is going to be culturally a better fit, financially better off, and more educated and skilled. It's got nothing to do with race or nationality, just a statement about the average Mexican vs the average Canadian. Don't throw logic out the window in service to liberal ideals.
The US already as plenty of people that "culturally fit better", are more educated, are skilled, etc.
We don't have enough people that picks Strawberry crops in California or does home construction in suburbs. We literally don't have those people willing to do those jobs, which can cause runaway inflation.
Immigration is not about adding more of the same. It's about filling holes in our economy and labor force.
How many Canadians do you think are going to go picking Strawberries in California?
Re: Study: Immigrants Founded 51% of U.S. Billion-Dollar Startups
#205If you go back far enough, immigrants or children of immigrants founded likely 99% of US companies. Is this really surprising given the US is a almost entirely a nation of immigrants?
Re: Study: Immigrants Founded 51% of U.S. Billion-Dollar Startups
#206Earlier quoted context omitted.
On the whole, a Canadian citizen will be more promising in the U.S. Canadians speak English which is close to Standard American English; the cultures are more similar, and the level of poverty is much lower, meaning they're less likely to become dependent on social programs. If usefulness is measured in ability to contribute to the productivity of the nation as a whole, then Canadians are a better bet (knowing nothin…
All Canadiens don't speak English. A lot of people only speak Spanish in the US.
The Québécois were estimated in 2011 to be about 43% functionally franco-anglo bilingual; seems they're becoming more so year over year, the estimate was about 41% in 2006. About 8% of Québécois have English as their mother tongue. 5% of Québec doesn't even speak French, granted some of those will be allophones and illiterates.
Re: Study: Immigrants Founded 51% of U.S. Billion-Dollar Startups
#207Earlier quoted context omitted.
I never finished university, and I started a bunch of companies. How do you sort out people on a "promising"/"not promising" scale for doing good things for the economy?
You don't and you're not sorted for that sort of thing. As a fellow dropout, I think you just took this chance to show-off (like many dropouts/unconventionally successful do).
It wasn't my intention, but maybe it was subconscious. If I wanted to show off, then I would have talked about success.
Re: Study: Immigrants Founded 51% of U.S. Billion-Dollar Startups
#208Good study and all, but I think it misses the point of the current sentiment in the US. Regardless, yes, immigrants are more likely to found businesses than natives. Whether or not their businesses become billion dollar startups because of their efforts or venture capitalists is another question, but yes, they help the economy (As much as those who are a drag on it? Who knows). I wrote a lengthy post about the effect…
> Human capital flight is the single biggest obstacle to development for the third world.
Citation needed.
Re: Study: Immigrants Founded 51% of U.S. Billion-Dollar Startups
#209Earlier quoted context omitted.
It wouldn't be hard to have an immigration system which is biased toward useful vs. not useful. The question is: where do you want to have the cutoff? I'm in favor of a solid border control regime (i.e. "build the wall"), combined with a transparent and straightforward points-based system for mainly immigrant visas. I'd eliminate the inherent racism in the current system (penalizing India and China vs. Equatorial Gui…
I think building a wall will increase the net flow of illegal immigrants as currently more people are leaving than entering. http://www.pewhispanic.org/2015/11/19/more-mexicans-leaving-... I don't think you need >3x the annual median income (that's top 10%) for immigrants to benefit. Economics research says high wage immigrants benefit while low wage immigrants benefit the natives on net, although it may harm some na…
"This isn't that crazy, till 1914 in the U.S."
Are you sure nothing has changed about the economy since 1914?
Re: Study: Immigrants Founded 51% of U.S. Billion-Dollar Startups
#210I assume what they really mean by Immigrants Founded 51% of U.S. Billion-Dollar Startups is that 51% of $1B+ U.S. startups have at least one immigrant founder , right? (as opposed to 51% of unicorn founders are immigrants )
It also heavily depends on the definition of "immigrant". Uber is listed, for example. The two founders of Uber are Travis Kalanick (born in Los Angeles, not an immigrant) and Garrett Camp (born in Canada, resides in San Fransisco). Is Garrett Camp an immigrant? Sure sounds like it. But is that really in the spirit of "founded by immigrants"? I am not arguing in favor of an immigrant ban in any way, I think it's a ba…
I agree. My first instinct when reading the headline, sadly, is not to first find merit in the argument begin made but to question the true motivation for the argument being made.
The headline itself is somewhat disingenuous. It might as well read "51% of people who aggressively seek opportunity are highly successful." Now just swap out 'people' with 'immigrant' and use it to veil the actual motive. ... Disingenuous indeed.
A better way to make the argument would be to identify what these successful immigrants have in common and suggest that these attributes might be good filters for permitting immigration. But I suspect that the results would not validate the author's true motivations.