Start Up Visa Could Add Up to 1.65% Per Year to US GDP

From a report from the Kaufman Foundation. That's a quarter of a trillion dollars a year for those of you playing at home. Plus as many as 1.65 million new jobs after ten years. This is a no brainer, people.

Comments

[George Chell]

New Economic Theory deserving Noble Prize by the Quack Norman Matloff of UC Davis....

http://techcrunch.com/2013/03/01/study-stem-immigrants-are-neither-better-nor-brighter-than-u-s-workers/

Since the foreign workers are paid less, they must be dumber than US citizens...and I guess, since blacks are generally paid lower than whites, they must be dumber than white people. He was probably raised in the Jim Crow South!

[Hill2013]

Won't work, as drafted. The Kaufman Foundation's projections are way too optimistic, which is to be expected from a shill for venture capital interests. The required investment amount in the bill is about five times higher than what VCs were telling Hill staff a couple years ago was the usual amount needed/sought by such start-ups from VCs and angel investors. The bill also doesn't actually require job creation. If implemented it'll be another wash-out like EB-5, with only a few hundred aliens even applying. This is indeed "a no-brainer"; no brains appear to have been employed in drafting the actual bill.

[George Chell]

Agreed. There are actually three ways to balance the budget...cut spending, increase taxes and of course, if we can get past our prejudices and bigotry (CIS and FAIR), we can create jobs and keep them in this country...grow the economy.