Trump administration has plan to scrap ‘startup visa’ rule
sfchronicle.com
Trump administration has plan to scrap ‘startup visa’ rule
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Re: Trump administration has plan to scrap ‘startup visa’ rule
#2'Startup visa' is one term for it, 'buy-a-visa' is another.
I'm not sure that it's necessarily a bad idea; someone with vision and money may be able to contribute a lot to the economy. But handing them a visa for cash and a couple of years of supplying jobs feels very transactional. It says, "you can come here as long as you earn lots of money," not, "you can come here as long as you contribute lots to the economy."
Re: Trump administration has plan to scrap ‘startup visa’ rule
#3Earning a lot of money is a pretty damn good proxy for contributing to society. At the very least these people pay some taxes instead of being a drain on society.
Re: Trump administration has plan to scrap ‘startup visa’ rule
#4Earning a lot of money is a pretty damn good proxy for contributing to society. At the very least these people pay some taxes instead of being a drain on society.
What makes that idea difficult is the fact that profits have become decoupled from contribution to society. Anymore, most corporate gains aren't being passed along to the workers, just to the owners. Granted, the equation shifts with small businesses compared to large ones, but the idea that business = improvement is a bit simplistic.
Re: Trump administration has plan to scrap ‘startup visa’ rule
#5'Startup visa' is one term for it, 'buy-a-visa' is another. I'm not sure that it's necessarily a bad idea; someone with vision and money may be able to contribute a lot to the economy. But handing them a visa for cash and a couple of years of supplying jobs feels very transactional. It says, "you can come here as long as you earn lots of money," not, "you can come here as long as you contribute lots to the economy."
Aren't those two effectively the same thing? As long as the EB-5 visa exists, the immigration system will be explicitly transactional.
Re: Trump administration has plan to scrap ‘startup visa’ rule
#6Earning a lot of money is a pretty damn good proxy for contributing to society. At the very least these people pay some taxes instead of being a drain on society.
What makes that idea difficult is the fact that profits have become decoupled from contribution to society. Anymore, most corporate gains aren't being passed along to the workers, just to the owners. Granted, the equation shifts with small businesses compared to large ones, but the idea that business = improvement is a bit simplistic.
> Anymore, most corporate gains aren't being passed along to the workers, just to the owners
Was this ever the case? I mean, look at the Victorian era and what amounted to forced labor camps in the coal mines of West Virginia – seems like profits are almost always sucked up to the top.
Re: Trump administration has plan to scrap ‘startup visa’ rule
#7Earning a lot of money is a pretty damn good proxy for contributing to society. At the very least these people pay some taxes instead of being a drain on society.
What makes that idea difficult is the fact that profits have become decoupled from contribution to society. Anymore, most corporate gains aren't being passed along to the workers, just to the owners. Granted, the equation shifts with small businesses compared to large ones, but the idea that business = improvement is a bit simplistic.
I'd rather have well off individuals entering this country with means to spend and support our middle class.
Re: Trump administration has plan to scrap ‘startup visa’ rule
#8Are they going to scrap the EB-5 visa too? Doesn't it basically sell citizenship for real estate?
Re: Trump administration has plan to scrap ‘startup visa’ rule
#9Are they going to scrap the EB-5 visa too? Doesn't it basically sell citizenship for real estate?
That'd go against Trump's business interests though. So I think it's highly unlikely.
Re: Trump administration has plan to scrap ‘startup visa’ rule
#10'Startup visa' is one term for it, 'buy-a-visa' is another. I'm not sure that it's necessarily a bad idea; someone with vision and money may be able to contribute a lot to the economy. But handing them a visa for cash and a couple of years of supplying jobs feels very transactional. It says, "you can come here as long as you earn lots of money," not, "you can come here as long as you contribute lots to the economy."
A big part of the rationale for immigration restriction is that poor immigrants will strain the social services. Unfair as it may be, "you can come here as long as you earn lots of money" actually makes some sense.