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Let me offer a deal: If i get a green card today (no strings attached) I'll quit my H1b job right now I'll bootstrap my own startup that'll create 10 jobs in 1

Let me offer a deal: If i get a green card today (no strings attached) I'll quit my H1b job right now I'll bootstrap my own startup that'll create 10 jobs in 1 year Does that sound like a good deal? You are happy, I'm happy, and all the jobs i create, those employees are happy. its a win-win-win deal.

Chris2048 10y ago
What collateral do you offer against the unproven claim of "I'll create 10 jobs in 1 year"? Are you saying you'll fund the startup yourself?
- xenadu02 10y ago
  If he doesn't create the 10 jobs within 5-10 years his visa is revoked and he goes home. That seems reasonable, no? It is similar to the entrepreneur visa DHS just finalized. If you have a certain amount of funding you can stay for a while, with the option to renew as long as you meet certain objectives (creating X jobs and raising $x more funding). Immigration is not a zero-sum game. Immigrants need houses to live in (they must be built). They buy various goods and services. Presumably their children become productive members of society just like many generations of previous immigrants. In fact we should allow immigrants to bring their entire extended family. If we did that remittances to $country would drop dramatically and that money would stay here in the US, buying more US goods and services.
  - Chris2048 10y ago
    > If he doesn't create the 10 jobs within 5-10 years his visa is revoked and he goes home. That seems reasonable, no? Depends, is he funding the startup himself? If so, fair enough, he gambles his labour on a venture likely to benefit the US if it pays off. If not, He gets a 10-year visa, and maybe a chance at rolling the dice. 10 years is long enough to make good money without risking a startup. Put up 10 years worth of dev pay as collateral (7-800k?) and suddenly the deal is only worthwhile if, either: a) the jobs are indeed created, and a 10yr visa becomes a green card, b) the startup has considerably more value than the collateral. Of course, the collateral would be so high it would be unreasonable to be able to give it upfront, so I'm not sure how you'd get round that.. > They buy various goods and services feels like the Glass-Makers fallacy again; I have no idea how the chain of events plays out. for example; people still buy goods and services from the US as exports, but without many of the commitments citizenship would entail.
    - calvinbhai 10y ago
      bootstrap = grow a company from own funds and generated revenues, instead of taking external / investor funding. You seem to be agreeing to give a green card equivalent of rights to an immigrant who is willing to bootstrap own startup and probably invest own money in it?
  - calvinbhai 10y ago
    +1 to what you said! And those on H1b pay max taxes (for that salary bracket). Most citizens who are sw devs, can work as 1099, drawing similar salary as a W2, but not even pay half the taxes (federal, state, social security and medicare) because most of it can be expensed, and salary they pay themselves will be artificially low. H1b visa holders dont have that choice of not paying tax.

Chris2048 10y ago

What collateral do you offer against the unproven claim of "I'll create 10 jobs in 1 year"? Are you saying you'll fund the startup yourself?

xenadu02 10y ago
If he doesn't create the 10 jobs within 5-10 years his visa is revoked and he goes home. That seems reasonable, no? It is similar to the entrepreneur visa DHS just finalized. If you have a certain amount of funding you can stay for a while, with the option to renew as long as you meet certain objectives (creating X jobs and raising $x more funding). Immigration is not a zero-sum game. Immigrants need houses to live in (they must be built). They buy various goods and services. Presumably their children become productive members of society just like many generations of previous immigrants. In fact we should allow immigrants to bring their entire extended family. If we did that remittances to $country would drop dramatically and that money would stay here in the US, buying more US goods and services.
- Chris2048 10y ago
  > If he doesn't create the 10 jobs within 5-10 years his visa is revoked and he goes home. That seems reasonable, no? Depends, is he funding the startup himself? If so, fair enough, he gambles his labour on a venture likely to benefit the US if it pays off. If not, He gets a 10-year visa, and maybe a chance at rolling the dice. 10 years is long enough to make good money without risking a startup. Put up 10 years worth of dev pay as collateral (7-800k?) and suddenly the deal is only worthwhile if, either: a) the jobs are indeed created, and a 10yr visa becomes a green card, b) the startup has considerably more value than the collateral. Of course, the collateral would be so high it would be unreasonable to be able to give it upfront, so I'm not sure how you'd get round that.. > They buy various goods and services feels like the Glass-Makers fallacy again; I have no idea how the chain of events plays out. for example; people still buy goods and services from the US as exports, but without many of the commitments citizenship would entail.
  - calvinbhai 10y ago
    bootstrap = grow a company from own funds and generated revenues, instead of taking external / investor funding. You seem to be agreeing to give a green card equivalent of rights to an immigrant who is willing to bootstrap own startup and probably invest own money in it?
- calvinbhai 10y ago
  +1 to what you said! And those on H1b pay max taxes (for that salary bracket). Most citizens who are sw devs, can work as 1099, drawing similar salary as a W2, but not even pay half the taxes (federal, state, social security and medicare) because most of it can be expensed, and salary they pay themselves will be artificially low. H1b visa holders dont have that choice of not paying tax.