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21 sats \ 0 replies \ @justin_shocknet 20 Sep \ on: Trump adds $100k annual fees on H1B visa applications - good for US? econ
A stated goal of this would be wage inflation (slower deflation in reality) for native born workers, that's the whole point.
But it would also contribute to housing disinflation, since you're importing less labor in a market of relatively inelastic housing supply, also less strain on heathcare and some government services
Need to pair this with a tax on remittances, but also need more Bitcoin on books first though since that'll be the arb.
$100k is immaterial at the high-end, pinkos should be happy with this tax on mega-corporations.