Trump Administration Officially Delays 'Startup Visa' Rule (sfchronicle.com)

Trisha Thadani, reporting for SFChronicle: The Trump administration has officially delayed a rule that would allow some foreign entrepreneurs to stay in the U.S. and build their companies. During this delay, the administration will propose a plan to rescind the rule all together, according to a Federal Register notice that will be published Tuesday. This official notice, which will be published in the Federal Register Tuesday, comes exactly one week before the rule was slated to go into effect. It will be delayed until March 14. The International Entrepreneur Rule, is the closest the United States has come to the "startup visa" Silicon Valley has long sought, was approved by the Department of Homeland Security in January during President Barack Obama's waning hours in office.

Comments

Re: "Entrepreneur"

[Anonymous Coward]

I believe you had to raise $250,000 from investors to qualify. So it would be option #2.

Re:So much for jobs

[thaylin]

That requires at least a 1m investment of your own money into any business, not just your own.

The new one stated that the buisness that you have a substantial role in managing and own at least 10% of, must have started in last 5 years, have growth potential and have received investment from US lenders of at least 250k or 100k from federal grants.

None of that is true

[rsilvergun]

Folks don't work less if you tax them, especially rich folks. We had a 90% marginal tax rate in the 50s and it was the largest period of growth in US History. Growth slowed to a crawl after tax cuts for the rich started making it a better deal for them to sit on all their money than to spend it.

Minimum Wage does the same thing to a point. And yeah, I can already hear you typing up that tired old talking point about a $200 minimum wage. But think about what happened before minimum wage. Company Stores. Wage Slavery. Yes, there are countries that get by without it, but they're mostly heterogeneous enough that they won't tolerate treating people they see as fellow countrymen as slaves. That doesn't work in our melting pot of easily preyed on minorities.

Basically, as long as you're paying attention and careful to adjust as needed and only as needed there are no trade offs. The trade offs come into play when you try to apply ideology and deeply held beliefs beyond: Everybody deserves a good ilfe.