The Impact of Immigration on Different Groups of Society Immigration and the Pay-As-You-Go-Pension-System.

A lot of governments experimented with the disastrous in the twentieth century; now the trend seems to be toward the merely unpalatable. Oddly enough, the leaders now are European countries like Belgium, which has a capital gains tax rate of zero. Immigration The other place you could beat the US would be with smarter immigration policy. There are huge gains to be made here. Silicon valleys are made of people, remember. Like a company whose software runs on Windows, those in the current Silicon Valley are all too aware of the shortcomings of the INS, but there's little they can do about it. They're hostages of the platform. America's immigration system has never been well run, and since 2001 there has been an additional admixture of paranoia. What fraction of the smart people who want to come to America can even get in? I doubt even half. Which means if you made a competing technology hub that let in all smart people, you'd immediately get more than half the world's top talent, for free. US immigration policy is particularly ill-suited to startups, because it reflects a model of work from the 1970s ...»