I had a small, Twitter-hosted dustup recently with Trevor Loy, a pleasant fellow who, when he is not Twittering, brings truth and justice to the world via the agency of venture capital. Loy was hot and bothered over some turn of events in Congress having to do with immigration policy. Many entrepreneurs are immigrants, you see. And because venture capital equals entrepreneurialism, the proposed congressional action might harm VCs, which, in turn, would grievously harm the U.S. economy. This, Loy, explained, is because fully 21% of the U.S. economy is attributed to revenue earned by “venture-backed” companies.

Let us praise the venture capitalists - Fortune Brainstorm Tech.

How many times have we heard a similar argument. TWENTY ONE PERCENT!!! If immigrants are not given their fair share of opportunity to do what they want to do and what the country will clearly benefit from, the country is bound to suffer. Washington, and DOL in specific, with their old archaic 18th century-ish ideologies on immigration/ Diversity based immigration instead of NEED or merit based immigration in the world’s largest economy is a JOKE that not only affects America but the rate of the progress the world and civilization as a whole is making. America might be a capitalistic economy but our immigration policies would better be classified as…..MYOPIC….

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