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To: FormerLurker
If H1-B wages are $80B, and the bulk are from low-wage countries (SS tax treaties are mainly with first-world countries with comparable SS tax rates and benenfits), then we are, in fact, raking in nearly 15% of that (which would be $12B) in FICA without any obligation to pay benefits.

That's not counting normal income tax.

And where do you get the idea we pay for universities in India, much less China? Like I said, unless these people are frauds (some certainly are - I have seen some firsthand) or seat-warmers for dishonest consulting firms, smart immigrants are a huge benefit.

I also make a lot of money from working for overseas companies. Last year 30% of my billable hours and 40% of my gross were on project located in Europe. We need to make high-value professional work more easily internationalizable. It's good for us.

I would like to see secure borders and wetbacks out of our schools, hospitals, prisons, and welfare programs first. Sriram the software guy is the least of our worries.

138 posted on 11/04/2002 9:59:58 AM PST by eno_
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To: eno_
And where do you get the idea we pay for universities in India, much less China?

As I had earlier mentioned, I had incorrectly thought that we already had a totalization agreement with India. Someone earlier had stated as such, and I had assumed that it was a fact. BUT, if they DO send most of their money home, don't you think some of it finds its way to those institutions?

Like I said, unless these people are frauds (some certainly are - I have seen some firsthand) or seat-warmers for dishonest consulting firms, smart immigrants are a huge benefit.

Not at the expense of America. There might be a short term bonanza for corporations, but the long term costs are high.

I also make a lot of money from working for overseas companies. Last year 30% of my billable hours and 40% of my gross were on project located in Europe. We need to make high-value professional work more easily internationalizable. It's good for us.

It might be good for globe trotters such as yourself. It is NOT good for the rest of us.

I would like to see secure borders and wetbacks out of our schools, hospitals, prisons, and welfare programs first. Sriram the software guy is the least of our worries.

Sriram is taking my job. Sriram IS my worry, along with those who have pushed for him to be sitting in my chair.

140 posted on 11/04/2002 10:10:20 AM PST by FormerLurker
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