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America COMPETES Act of 2022 passed House and Senate

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Re: America COMPETES Act of 2022 passed House and Senate

#91

Post by bradlys »

jeffbee wrote: post #81
bradlys wrote: post #70

Earlier quoted context omitted.

Aren’t fabs and all that like multi-billion dollar projects? How does one realistically become a startup in that space when the capital to start is so intensive? (At least these days - idk about back in the past)

You are under-estimating how much cash these American companies are holding.

I’m not but this is basically wealth redistribution taken quite far. You may as well be advocating for full on Marxism at that level.

Which is fine. But just know your audience? (A hyper capitalistic startup crowd???)

Re: America COMPETES Act of 2022 passed House and Senate

#92

Post by kelnos »

paxys wrote: post #31

This is definitely needed, but the government needs to take some ownership stake in companies that these funds are being distributed to. The financial success of the effort needs to be shared with the general public, not just used to make some billionaires richer.

Agreed. These shouldn't just be grants, they should be investments. The US gov't should come away from this owning stock in those companies. I don't think the gov't should be in the business of owning companies in general (not a fan of nationalizing businesses except in some narrow circumstances), so I'd say they should divest themselves after some pre-determined period, or somehow separate their ownership from meddling for (partisan) political reasons (a tall order, I know). But the people (via the government) should be able to get some return on this investment, beyond just "our economy is less fragile because now we have more critical manufacturing capability". Which is certainly nothing to sneeze at, but IMO isn't enough.

Re: America COMPETES Act of 2022 passed House and Senate

#93

Post by coolso »

huy-nguyen wrote: post #9

Per [1], the House version contains important immigration provisions. 1) The bill would create a new category of non-immigrant visa called the W visa for owners (W-1) or essential employees (W-2) of start-up companies and their dependent family members (W-3). 2) The bill would exempt applicants holding a PhD in a STEM field from the annual per-country green card limits, enabling them to quickly apply for permanent re…

> 2) The bill would exempt applicants holding a PhD in a STEM field from the annual per-country green card limits, enabling them to quickly apply for permanent residency without being subject to the availability of an immigrant visa. This would benefit Indians and Chinese nationals the most.

Are we… still giving unfair advantages to foreign nationals and companies that hire foreign nationals over Americans in 2022?

Re: America COMPETES Act of 2022 passed House and Senate

#94

Post by bun_at_work »

kesor wrote: post #65

So they effectively declare an open war against China, Russia and Iran. While also recognizing Taiwan sovereignty. This is not going to raise any hell whatsoever for sure (sarcasm). WTF is going through their heads?

This isn't a declaration of war in any sense. It's a security measure (aside from the random earmarks like the coconut water duty being lifted).

Semiconductor integrity and independence is vital to US national security in the digital age. It's the sensible move, and a move that China and anyone else paying attention has seen coming.

Re: America COMPETES Act of 2022 passed House and Senate

#95

Post by sudosysgen »

beaconstudios wrote: post #69
sudosysgen wrote: post #51

Earlier quoted context omitted.

Of course, it can. The solution would be to depress the USD. It's just that the US decided it is more profitable to extract value by holding the reserve currency.

the US government isn't in control of the dollar rate - the central bank is private.

We both know that this isn't true.

First, the US government gets to run an arbitrary deficit, which is essentially the same as printing money.

Secondly, the Fed's board is appointed by the government and can be recalled by the government.

Thirdly, if the US government wanted they could change all of the rules governing the fed.

It has nothing to do with not being able to. The US just decides it's more profitable to have the reserve currency. You can't have it both ways, and it's senseless to complain about not being able to have a cake after eating it.

Re: America COMPETES Act of 2022 passed House and Senate

#96

Post by sergiomattei »

TameAntelope wrote: post #6

Slightly more detailed explanation (from House Majority Leader Steny Hoyer's website, use whatever amount of grains of salt you'd like): * The America COMPETES Act authorizes the establishment of the Rebuilding Economies and Creating Opportunities for More People to Excel (RECOMPETE) pilot grant program at the Economic Development Administration to form and implement economic development strategies in distressed labo…

Really excited about the strategic transformer reserve bit. Looks like they’re finally taking EMPs and solar flares seriously.

Re: America COMPETES Act of 2022 passed House and Senate

#97

Post by rayiner »

kelnos wrote: post #55
huy-nguyen wrote: post #9

Per [1], the House version contains important immigration provisions. 1) The bill would create a new category of non-immigrant visa called the W visa for owners (W-1) or essential employees (W-2) of start-up companies and their dependent family members (W-3). 2) The bill would exempt applicants holding a PhD in a STEM field from the annual per-country green card limits, enabling them to quickly apply for permanent re…

> 1) The bill would create a new category of non-immigrant visa called the W visa for owners (W-1) or essential employees (W-2) of start-up companies and their dependent family members (W-3). I'm always disappointed in this style of visa. These are the kinds of people we want to keep , not make their stay contingent on working at or running a startup. To me, it's really stupid that anything but a tourist/business vis…

> To me, it's really stupid that anything but a tourist/business visit visa should be non-immigrant; all long-term stay visas should provide an easy path to permanent residence (sure, assuming whatever reasonable qualifications are met).

Americans don’t want that. A lot of our immigration-related problems is that the executive branch created a de facto permanent immigration system (with modest Congressional acquiesce in the 1990s) out of what was sold to the public as a temporary worker visa.

Re: America COMPETES Act of 2022 passed House and Senate

#98

Post by [deleted] »

ipnon wrote: post #17
huy-nguyen wrote: post #9

Per [1], the House version contains important immigration provisions. 1) The bill would create a new category of non-immigrant visa called the W visa for owners (W-1) or essential employees (W-2) of start-up companies and their dependent family members (W-3). 2) The bill would exempt applicants holding a PhD in a STEM field from the annual per-country green card limits, enabling them to quickly apply for permanent re…

The United States should be offering permanent residency to practically everyone with a Ph.D.

[deleted]

Re: America COMPETES Act of 2022 passed House and Senate

#99

Post by rayiner »

chiefalchemist wrote: post #61
paxys wrote: post #26

Earlier quoted context omitted.

Forgot all PhDs, it is next to impossible for most students and researchers who get advanced degrees from American universities to get work visas or permanent residency. We get the best talent from all over the world, spend billions on educating them, and then force them to go home.

Perhaps. But the other side of the coin is that keeping them here serves as a brain drain to their home country. If less and less are there to elevate those countries then what? We spend billions sending aid instead? Certainly, there has to be consequences to the countries losing minds & bodies.

There’s huge costs particularly to English speaking developed countries like India and Bangladesh.

Re: America COMPETES Act of 2022 passed House and Senate

#100

Post by rayiner »

ipnon wrote: post #17
huy-nguyen wrote: post #9

Per [1], the House version contains important immigration provisions. 1) The bill would create a new category of non-immigrant visa called the W visa for owners (W-1) or essential employees (W-2) of start-up companies and their dependent family members (W-3). 2) The bill would exempt applicants holding a PhD in a STEM field from the annual per-country green card limits, enabling them to quickly apply for permanent re…

The United States should be offering permanent residency to practically everyone with a Ph.D.

Depends what you want out of immigration. Consider the profile of the people who emigrate. People with PhDs are typically elites back home. Moreover, less than 10% of people in Asia would emigrate if they could: https://news.gallup.com/poll/245255/750-million-worldwide-mi.... So you’re selecting people who are antisocial enough to leave kith and kin behind for economic opportunities.

Not saying this pejoratively—my whole family fits this profile. But people don’t think enough about what sorts of folks we’re really bringing in and how that changes our culture.

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