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Trump Plans To Dismantle Obama-Era 'Startup Visa' (arstechnica.com)
An anonymous reader quotes a report from Ars Technica: A regulation from the Obama administration that would have allowed foreign-born entrepreneurs who raise investor cash to build their startups in the U.S. won't be allowed to go into effect. The Department of Homeland Security will file an official notice to delay the International Entrepreneur Rule for eight months. The intention is to eliminate the rule entirely, according to sources briefed on the matter who spoke to The Wall Street Journal. The decision isn't final, and a DHS spokesperson told the WSJ that the department "cannot speculate" on the outcome of the review. The International Entrepreneur Rule, signed by former President Obama days before he left office in January, doesn't offer a visa but rather a type of "parole" that would allow immigrants to stay in the U.S. temporarily as long as they meet certain requirements. In order to qualify, a foreign entrepreneur has to raise at least $250,000 from well-known U.S. investors. The rule grants a stay in the U.S. of 30 months, which can be extended for an additional 30 months. Founders can't apply for a green card during that time. DHS has estimated about 3,000 entrepreneurs would qualify under the rule.
And the democrats continue to lose, deservedly so. Only stupid suckers support them now
Now let's also kick out all the H-1B Syrian refugees that are taking our IT jobs away. Can anyone justify letting them remain in our country? I think not.
I was planning on moving to Philadelphia to startup a democracy.
American tech workers are incredibly racist. That's why they continually want to kick out H-1B workers from foreign countries and why they support President Trump on eliminating the startup visa. You can see it right here on Slashdot, with foreign workers constantly being referred to as "indo-chimps" by Slashdot users. It's really quite sad just how racist American tech workers have become.
I currently work in the United States on an H-1B visa. I am proud to work long hours and put in the time needed to constantly learn new skills and stay on top of the latest developments in IT. Despite my hard work, people like the readers here assume that, because I'm from India, that my computer science degree is inferior and my skills are deficient. It's disappointing to hear how great it's supposed to be to work in the United States, only to face bigotry because I'm from India and working in the United States on an H-1B visa.
What about the property investor visa? The one where you "invest" in property to the tune of $500k and in exchange get a visa?
You know, the one Jared's company was promoting to Chinese people as a way to get a USA green card?
http://www.cbsnews.com/news/jared-kushner-sister-woos-china-golden-visa-investors-eb-5-green-cards/
I know more details of these schemes now: I thought it was a straight con against stupid Chinese marks, but its cleverer than that. I thought they invested $500k, and were actually buying something worth far less.
So Jared's company was claiming the Chinese would own $150 million of a billion dollar project, =15%. The price is obviously inflated, that will be a 300 million project at best of which Jared's company would have equity of a small fraction of that, e.g. $30 million with the bank holding the rest as asset against its loans. So he's actually selling a token asset.
The Chinese marks are duped of millions, which would be Jared profit.
I've since been told that these Chinese mark's are told they can get a guaranteed return, typically its 50%. So they are buying a discount way to get a visa. Since the mark is brought into the con, they don't complain, because they'd lose the visa.
If I were President I'd scrap this rule too--because it's just too confusing. But then, everything having to do with visiting and obtaining permission to work within the United States, as well as with immigrating to the United States, is just terribly confusing. And I say this as a U.S. citizen.
Personally I would rather we simplify all these regulations regarding immigration--and make it easier for people who qualify to immigrate here without all this weird mumbo-jumbo "parole, no green card, 30 months, can't visit overseas for longer than so many days, do not pass go, must recite ancient Aramaic to come back" nonsense. I swear; just talking to my friends who immigrated here from overseas about what they had to do to become U.S. citizens gives me a massive headache.
This is ridiculous. Even if you have a problem with cheap H-1B visas replacing American workers, this isn't that. This is welcoming in business people with new ideas which will create new jobs and new opportunities. Nor is there any sort of safety issue whatsoever. This is a combination of xenophobia (immigrants are apparently scary), along with Trump's generally zero-sum understanding of how things work (which contributes to a lot of what he does), and frustration that his earlier immigration bans failed in the courts (so doing this feels like he's blocking at least some immigrants, never mind that they are exactly the sort of immigrants he claimed he wanted earlier).
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Trump wants to undo EVERYTHING Obama ever did, to deny the fact a black man was at the head of "his" country.
It was a stupid rule! Give everyone a fair chance, corporate scum. I personally know folks whi were very legitimately trying to start businesses from abroad, and they were rejected because their capital wasn't enough (i.e. Significant, but less than a quarter mil. That is NOT a free market). This was a greed move by Obama in collusion with corporate America, pure and simple. May it rest in peace!
See, many of us who trained H1-b visa holders had to train them (our replacements) and answer questions like this:
"What does the asterisk by a variable mean?"
and it was being asked by someone who we were all told was hired because there "were not enough qualified Americans."
By the way, I haven't worked since and I've been told that I'm unemployable now. And it sucks because I went back to school to get more training and it's proving to have been worthless - but I still got to pay back the student loans somehow. It'll probably come out of my Social Security.
So, yes sir! There is quite a bit of resentment.
Yep.
Oh and the Alfabank one?
Where Alfabank servers looked up 80%+ (2,700 queries) of Trumps email server. Trump representative said it was a bulk email from Trump being spam checked. Which sounded plausible.
So what deal was being bulk mailed to Alfabank? We never did find out, but I'm assuming it was a property deal? Maybe EB5 visa related too?
I can see Trump corp has 2 Cyprus bank accounts, and hired the head of (Russian half owned) Cyprus bank, Wilbur Ross. Cyprus is stuffed full of Russian money, so that is where I'd expect to see a money flow.
I can also see from his latest disclosure (July 16th he released another non-disclosure disclosure) that he re-mortgaged property, and sold his stocks. Which he presented as "refinancing at a lower rate" and "divesting stocks to avoid conflicts". But if he had money, he'd repay his loans, not re-borrow more capital that his previous amount.
So he needed to borrow money, even after selling his stocks. Why?
So what's needed at this point are his tax returns, but we should also see the bulk email campaign that the Alfabank queries referred to.
I know the RNC wants to ignore the issues, and give him a 20% discount on the rules of being President. But they need to realize if they let him do this, he'll insist on an 80% discount. He'll piss all over their Congress made laws. It's what he is, he buys stuff, demands 20% or 30% discount, and if you're stupid enough to take it, he demands a 70% or 80% discount. You agree a discount, it's just about how massive a discount. It's the same with laws, with planning regs, with contractors, suppliers, he does it because you let him.
This is ridiculous
Yes, it is, but so is just about everything else our Bigot in Chief is doing. This isn't about immigration, and I don't think it has a lot to do with his travel ban either. It's about undoing everything president Blackenstein ever did, and wiping out his legacy completely. It's driven by pure, unadulterated racism, plain and simple.
Make sure our first black president has nothing, and I mean nothing, that historians can point to where he improved America.
What the dipshit doesn't understand is that historians will quite rightly point out that President Obama did a great deal to help America, which then Putin's Cockholster undid out of pure spite and racism. As to whether it is key to the decline of America, or merely a footnote, remains to be seen, but the motives are very clear and utterly base.
This scheme in fact involves creating US jobs
No, this is just another avenue to smuggle foreigners into the country. The plan that this will be used for creating jobs is really far fetched. Anyone who can show $250K (do they even need to show it?) is allowed to to invite anyone they please for 5 years. The cover that the money will be used to start a business is really hard to prove or verify. Also, who is going to invest into a business of a foreign tourist with a temp visa?
"You can stay, but we get to shove ourselves up your ass to make sure you meet the requirements, also you're barred from seeking normal residency."
This honestly sounds like a scam to get entrepreneurs stuck in a legal negative space so we can strip them of the business they built in the process of kicking them back out. The foreigners would have to be on crack to take this deal.
Get off your high horse. Trump doesn't support legalising illegals. They want to get into America, make them do it legally.
Anyone living in America bitching about people coming to this country "illegally" is a huge hypocrite. Just ask the next Cherokee you run across. No, Trump's stance on immigration is rooted in racism and xenophobia. Or did you forget his (nonsensical) comments about "rapists and murderers" coming from Mexico?
Force those rich people to hire good old fashioned Americans to clean their offices and houses. They'll increase the quality of life for Americans.
Riiiiight. Like that will actually happen. What color is the sky on your planet?
For once you have a president that is by the Americans and for the Americans.
"For the Americans"? Bullshit. Trump is for nobody but himself. He certainly doesn't represent my interests even a little bit and in case you forgot he lost the vote. The only way he could be further from representing what I care about would be if he was a religious nut job on top of all the rest of his douchebaggery. He certainly doesn't represent the actual interests of very many Americans including more than a few who voted for him.
It's hilarious that a CEO is your first real president who isn't owned by private corporations.
HAHAHAHAHA.... You think Trump isn't owned by corporations? First off he's self dealing like no president before him as he hasn't divested himself of his own business interests. Or did you forget that Trump is a corporation?. Second, Trump is ALL about doing what his corporate buddies think is a good idea. He's owned by corporations harder than any president in living memory. You just have to examine WHICH corporations he cares about. Just because he didn't need their money to get elected doesn't mean he isn't owned by them. It's just a different style of ownership.
Go Trump, this guy is friggin awesome, finally someone standing up for Americans!
One might put money into a business started by someone on a short-term visa if they expect to take over the business after the visa expires.
I thought this was witty for about thirty seconds, but now it feels like more of a sad commentary on the American people's lack of autonomy.
Those who advocate genocide deserve every protection afforded by law, and none afforded by common human decency.
I thought Trump was dumb, but never imagined the guy actually doesn't understand that the US' tech sector's supremacy was built on foreigners and not 'muricans.
This is a good plan. The program should be terminated. Terminating this program will help all Americans, including minorities such as African Americans, found their own businesses. I will explain, it does so because we need to reserve the limited amount of investment capital for the benefit of American entreprenuers.
The reason that this is so is that by foreigners consuming the available investor money, it becomes unavailable for utilization by American citizens. Instead, what we need is to encourage more americans to take an interest in technology and to develop their own technologies, and to encourage this we need to ensure that they know that investor money is available to them instead of being consumed by foreign aliens, while they develop their skills utilizing various educational programs we can create. This can involve more elective courses in schools for electonics and programming, more apprenticeship programs to make it easier for people to go straight from high school into IT without expensive college detours, an funding IT clubs for American citizens which are curated by IT enthusiasts to help promote learning, self study and taking an interest in IT as well as allow like minded people to form contacts and user groups formed around programming, electronics and so forth. Trump needs in conjunction to this, to implement other aspects of the plans he discussed which includes using money to help our own American citizens from American parents and families for instance in our inner cities, often minority populations, instead of using the money on foreign aliens. The US only has so much money available and we need to make sure this money goes to our own people rather than foreign aliens (often through anchor babies who really should not be entitled to US citizenship). Most countries in the world only give citizenship to children of their own citizens not anyone who just happens to go into labor on a certain side of the border. If you drive through an inner city in the USA you see devastation. These are people, families, children who have lived in the USA for generations and the USA is passing them over and instead drenches foreign aliens with benefits who come into the USA and drop an anchor baby. This is limited money that is therefore not utilized to help our own multigenerational American families. This means that less resources are available to help our own impoverished, often minority, communities. This is why minorities more than anyone should be for a strong border and no more immigration because it results in less money being available to provide education and training services to help our own communities and our own American families be able to achieve their dreams. Look at an inner city in the USA and you see aimless youth walking around succumbing to the influence of drug lords, often minorities. It really is very sad. And we ignore them and instead we drench foreign aliens who come in and exploit our welfare and benefits system by dropping an anchor baby.
The whole point of cancelling foreign investor Visas and implementing programs to cultivate American entrepreneurship, to encourage Americans by making sure investment money is available for Americans and easier to get for Americans, foreign investor competition would make it harder to get for Americans and would discourage Americans. It is to encourage home grown technology and industries and ensure that investor resources and educational resources are being utilizes to help American citizens found their own businesses so that we have a healthy American owned entrepreneurial economy rather than one which is owned by foreign aliens. By promoting the development and actualization of talent and entrepreneurship among the American population, we reduce poverty and dependence on welfare and raise the standard of living for our own people. Americans who have grown up in America from American parents will also regain a sense of patriotism and once again feel their country provides them with opportunities and protects and fosters the intere
We already have this, the role is called "a manager", and it is an employee position.
Just ask the next Cherokee you run across
How about I ask one of the Clovis people from current day France that were here 4 thousand years before the Cherokee came over from modern Russia? Whats that? You didn't realize the Cherokee weren't the first here and Europeans beat them by thousands of years. Hmm.
That's a ridiculously pointless program. No sensible, skilled entrepreneur will want to come to the US on a temporary visa and start building a company without the security of permanent residence. I'm glad this program is being killed.
First you are like...
> The Department of Homeland Security will file an official notice to delay the International Entrepreneur Rule for eight months. The intention is to eliminate the rule entirely, according to sources briefed on the matter who spoke to The Wall Street Journal. The decision isn't final, and a DHS spokesperson told the WSJ that the department "cannot speculate" on the outcome of the review.
> Trump Plans To Dismantle Obama-Era 'Startup Visa'
And then you are like...
> In one of the biggest wins for the right to repair movement yet, the U.S. Copyright Office suggested Thursday that the U.S. government should take actions to make it legal to repair anything you own, forever -- even if it requires hacking into the product's software.
The US Government Wants To Permanently Legalize the Right To Repair
Ok, so you don't like white reality show billionaires to become presidents of USA istead of corrupt vagina carrying apparatchiks, but god damn, be more subtle!
I suspect this will be an unpopular opinion, but I can't see any particularly good reason for any kind of restrictions on the flow of labor. The tech centers are going to be talent magnets no matter what, but I personally wouldn't mind setting up shop someplace tropical and isolated. It's not like there's some finite amount of labor to be done in the world. America as a nation of immigrants has done pretty well for itself so far, and it's not like lazy stupid people are the ones who decide to go live in other countries.
Humans are going to have to evolve past tribalism at some point.
Those who advocate genocide deserve every protection afforded by law, and none afforded by common human decency.
responsible for our problems. But they do crowd us out of the job market. Not the ones here picking fruit, but you'd have to be a fool to work in tech and not see that 80% of the jobs are folks here on work visas or folks who transitioned from a work visa to citizenship. Yes, that helps the economy, but not _my_ economy. I don't get a piece of that because I'm a worker. I don't benefit from the wage suppression that results. And I don't get cheaper prices from wage suppression. Supply and Demand doesn't work that way. Especially when my budget is mostly comprised of necessities like food, shelter, transportation and child rearing.
You're right to say we could solve our problems _and_ have immigration that benefited the country, but we won't. It's not politically feasible to solve them. We need to tax the wealthy to fund education, fund social programs and safety nets and subsidize worker programs. All things that would drive up wages and costs for the well to do. So I'll take the one thing that _might_ be politically feasible: stopping immigration. Yeah, it's probably bad for the overall economy, but it's good for _my_ economy. And after 30 years of declining wages and rising college costs I'll take what little I (might) get.
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If the Democrats had publicly opposed regulation, taxes and state-run company restructurings, Trump would be nationalizing banks and proposing soviet-style five-year plans right now just to "win" against Obama.
The International Entrepreneur Rule, signed by former President Obama days before he left office in January
President Obama was able to completely architect, build, and implement an entire new category for immigration operations in just a few days? This is probably just President Trump stopping the first part of the process (architecting it), before anything else even started. But it does make great political grist for the mill!
Browsing at +1 - no ACs, I ignore their posts. So refreshing!
when it comes to this President. I and many others have tried to get positive headlines through to the people, but the mods prevent them from being posted with the typical "we can't get to everyone's posts, but thanks anyway" responses. /. is FAKE NEWS For Nerds!!!
After that $250k, they could also start looking at non-American investors.
And there is such a thing as borrowing money. Of course if the business fails you may have to declare bankruptcy and a lot of investors and lenders get screwed. But hey, even the POTUS declared bankruptcy 4 times.
Isn't Jared selling green cards for a $500,000 "investment"? Doesn't want competition?
This scheme in fact involves creating US jobs
No, this is just another avenue to smuggle foreigners into the country. The plan that this will be used for creating jobs is really far fetched. Anyone who can show $250K (do they even need to show it?) is allowed to to invite anyone they please for 5 years. The cover that the money will be used to start a business is really hard to prove or verify. Also, who is going to invest into a business of a foreign tourist with a temp visa?
Ohhh ooooh smuggling foreigners, ooooh oooooh chupacabra!!!!
Had Obama built a 30' wall all along the Mexican border and gotten Mexico to pay for it, . . .
The funny thing is, if Obama wanted to, he probably could have got it done.
Ol' 36? Not!! That inexperienced piece of shit can go fuck himself.
Personally, I like Johnny Depp's line of thinking.
This is how we do it. We don't just blindly enforce the laws. We do the same thing with Jury Nullification.
Our political system is a mess because it was designed from the ground up by wealthy landowners to protect their interests to the detriment of the farmers working the land. It's why we have a Senate/House instead of a parliament. These sorts of distortions are what you get when you have a system built on oligarchy trying to function as a democracy. Unless you can get support to rebuild our institutions you're gonna have to live with these compromises.
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It's cool, we get it. We'll go over to the EU and start business there, it's more international business friendly these days anyway without travel restrictions and crazy CBP guards.
If you want a chupacabra managing your startup then get it a proper H1B visa with the rest of them. I don't see the need for a special loophole, sorry.
Keep em dumb. Don't care for these hand modelers anyway! No pride in computer crap. Work the coal mines, boys.
Believe it or not, you don't have some "right" to come here.
I mean, it's quite flattering that so very, very, very many of you want to, but those of us already here get to decide if you do or not.
Prosecutorial discretion has been common law for centuries. It absolutely is the federal government's discretion whether and how to enforce the law. You're getting called partisan because you're blatantly ignoring reality in preferring one side of a political issue. It was an unusual legal event, but it was in no sense wrong.
Those who advocate genocide deserve every protection afforded by law, and none afforded by common human decency.
A âoequalified investorâ is an individual or entity that has, in the last five years, invested more than $600,000 in startups, of which at least two created a minimum of five full-time jobs or generated at least $500,000 in revenue with annualized growth of at least 20%.
Go read the fucking bill you dung-ridden cretin. Hell, read the fucking summary.
Getting immigration policy right is the single most important thing we can do. As Pat Paulsen pointed out during a run for the presidency: "All the problems we face in the United States today can be traced to an unenlightened immigration policy on the part of the American Indian."
That's not what your quote says. "Days before" is referring to Obama's tenure in office, not the amount of time that went into the bill.
People like you are why we can't have nice things.