Category Archives: Outsourcing

NEW COLUMN: Why Tax Breaks Won’t Stop High-Tech, H-1B Human Trafficking

IMMIGRATION, Labor, Multiculturalism, Outsourcing, Taxation, Technology

“Why Tax Breaks Won’t Stop High-Tech, H-1B Human Trafficking” is the current column, now on WND.com. An excerpt:

“If the tax reform bill goes through, do you plan to increase your company’s capital investment?”

The question was posed to a sizeable group of CEOs at The Wall Street Journal’s CEO Council, in the presence of White House economic adviser Gary Cohn.

A pitiful show of hands failed to wipe the smirk off Mr. Cohn’s face. But at least the knaves were candid. Tax cuts for American big businesses are unlikely to move corporations to deploy that capital to raise the wages of the little guy, the worker.

The repatriation deal planned for fat-cat multinationals is particularly sweet. But don’t expect the “one-time tax rate of 12 percent on cash returns and five percent on non-cash for corporate money repatriated from overseas” to spur investment in the U.S.

Ideally, policymakers would prefer, as Business Insider quips, for companies to “reinvest in their core businesses, as this holds the most direct bearing on economic expansion.” All the president’s men certainly preach it.

But President Trump’s plan to grant the multinationals, tech titans included, a tax holiday, is more likely to see capital used to tinker with share prices. Repurchasing shares, a share buyback, will boost stock prices and benefit large shareholders.

Where a multinational also traffics in human labor, globally—as do the likes of Apple, Cisco, Microsoft, Oracle, Qualcomm, etc.—a lower tax rate on their repatriated earnings is unlikely to redound to American computer programmers and engineers.

In the event these tax holidays encourage American high-tech to “reinvest in their core businesses”—it will not be an investment in employing American talent, which will continue to be replaced apace with foreign workers.

For accretion in employment among Americans to occur, the president would have to turn off the H-1B (and other visa) spigots. He has not.

Multinationals consider the world their labor market. High-tech traitors will continue to replace the worker bees of American STEM—science, technology, engineering and mathematics—with reliably mediocre, culturally aggressive, foreign workers.

And not necessarily because foreign workers are cheaper. Importing workers from India calls for enormous in-house bureaucracies to handle immigration applications and renewals, attendant litigation, and family importation and resettlement packages for tribes of new arrivals (also known as chain migrants). This isn’t necessarily cheaper than employing your local lass or lad.

The H-1B visa racket is, however, a taxpayer-subsidized, grant of government privilege. Duly, profits remain private property.  The costs of accommodating an annual human influx are socialized, borne by the bewildered community. …

… READ THE REST.  “Why Tax Breaks Won’t Stop High-Tech, H-1B Human Trafficking” is the current column, now on WND.com.

The Week’s Tweets (4/24/016): INTEL Trumps, NY Win, Brexits Boo BHO, More Potty Talk

Crime, Donald Trump, Labor, Outsourcing, Political Correctness, Race, South-Africa

TPA (Updated: 4/22/016): Republicans Cede Some More American Sovereignty

Barack Obama, Federalism, Labor, Outsourcing, Republicans, Trade

“Some” would call it treason. OK, I would call it treason. Republicans—who boast of their respect for the republican value of limited authority, and who vowed to keep Obama in his Constitutional place—banded together to give President Barack Obama yet MORE executive authority. “[T]he Senate voted 60-38 to grant final approval to the fast-track bill, reports the Washington Post.

… The trade promotion bill now heads to Obama’s desk for his signature. It gives the executive branch additional powers for six years and authorizes the president, and his successor, to present trade deals to Congress for a vote on a specified timeline without lawmakers being able to amend the terms.

What is the TPA? Also via the WaPo:

… Trade Promotion Authority, or TPA. This is also known as “fast-track” authority because it gives the president the ability to negotiate a deal that will receive only an up-or-down vote in Congress. Without fast track, Congress can amend the terms of the deal. You can remember that TPA is “fast track” because when you T.P. a house, you are on the “fast track” to juvenile delinquency. Or you can just call it fast track, which is easier.

Fast-track authority doesn’t apply to only one agreement. In the past, it has spanned presidencies, beginning in 1974 and lasting until the Clinton administration. It also existed during parts of both terms of George W. Bush’s presidency. From the president’s standpoint, fast-track authority is critical to negotiating agreements because he can negotiate in good faith — what he says to his negotiating partners he’s confident will be part of the final deal (if Congress approves it).

Broadcaster Mark Levin, who exulted in the Republicans’ mid-term victory only to find himself needing to trash these traitors daily—spoke to Sen. Ted Cruz on voting against the fast track deal.

“Enough is enough,” Cruz had written at Breitbart.com. “I cannot vote for TPA unless McConnell and Boehner both commit publicly to allow the Ex-Im Bank to expire—and stay expired. And, Congress must also pass the Cruz-Sessions amendments to TPA to ensure that no trade agreement can try to back-door changes to our immigration laws. Otherwise, I will have no choice but to vote no.”

As commendable as a Cruz vote against the Trade Promotion Authority (TPA) is—Levin failed to point out the following:

No bit of legislation should ever cede US sovereignty to signatory nations—not on immigration, not on self-defense, not on sentencing, not on anything.

UPDATE (4/22/016):

The Professional Drunk-Driver Immigration Visa

Crime, Criminal Injustice, IMMIGRATION, Journalism, Left-Liberalism And Progressivisim, Media, Outsourcing, Reason

America’s much-coveted, Professional, Drunk-Driver Immigration Visa demands killer qualifications. But do not apply for it unless you are “a person of color,” undereducated and well-connected.

Ramon Hernandez, a recipient of this visa, is a four-time repeat offender, who (allegedly) killed little Dimitri Smith, in-utero. The deceased preemie was shown on CNN, being held by young mother Aileen Smith, before being laid to rest.

RIP, precious Dimitri.

“He should have been kept off the streets,” intoned CNN’s bimbo anchor, Brooke Baldwin.

Not one word was uttered—or allowed?—during today’s CNN segment about the fact that the man was not supposed to be in this country. It’s simple: Had Hernandez been THERE (in Mexico, presumably), chances are that Dimitri would have been HERE (with his parents).

Teletwits of amnesty such as Geraldo Rivera and Tamar Jacoby have argued again and again that the illegality of such perps—or, put more respectfully, holders of the Professional Drunk-Driver Immigration Visa—is irrelevant to the crime. “It’s not an illegal-alien story; it’s a drunk-driving story,” Geraldo once noodled on “The Factor.”

Geraldo was serious, although he should not be taken seriously. For their crushingly stupid claim to stick, Geraldo/Jacoby would have to demonstrate that, had this drunk, illegal alien been stopped at the border or been deported, his victims would have nevertheless suffered the same fate. Death, in Dimitri’s case.

As far as our CNN idiot was concerned, hers was a scoop, for she was able to seal the segment with that most penetrating of questions, pioneered by The Oprah-Anderson (as in Winfrey and Cooper) School of Journalism:

“Could you, Aileen Smith (mother of Dimitri), ever forgive Ramon Hernandez?”