Visa Backlog Risks Foreign Students' Business Dreams

xiggi
Tue, 19 Feb 2013 14:47:38 +0000

^^

Not that hard … as there are more ways to raise capital than borrowing money. The entrepreneur could sell rights, shares, advanced royalties, etc that could all show up as earned income and help meet the easy requirements.

On the main issue of the article, the problems might be of a different nature:



The Brookings Institute reports that about 50% of all STEM PhDs and 40% of all MIT grad students are foreign born. It costs about $250,00 to educate a single MIT PhD student and the government pays for 80% of it.

and

Our immigration laws chase away highly skilled foreigners who are educated in US universities. For most, their education is being funded by US taxpayer dollars.



The United States is wonderful when it comes to talking about what needs to be done, but only do what it is right after exhausting all other possibilities. Students DO react to market conditions and incentives. If we want to create more scientists born and raised in the United States, it is not only necessary to create an environment but also define clear incentives. Most of the funding in higher education is wasted, and time has come for more austerity and … selectivity measures. A good start would be to make access to research funding directly relevant to the creation of jobs for Americans in the United States. And implement stronger policies of admission and funding for international. The entire world relies on quotas; and so should we!

We will continue to spend what we do not have as long as the borrowing comes easy. And that easy money is then wasted, including in educating a world that will in turn compete with us at every chance they get. And we justify that because we need to keep our research institutions alive and kicking! And our research institutions need a constant flow of indentured servants to keep the faculty fat and happy. And protect the easy life.

It is that exact self-preservation plan that will hasten our demise.