The state needs to earn the right to tax more by showing prudence and effectiveness in handling finances

Nobody would oppose taxes if that actually meant material improvement of public infra

https://www.cbsnews.com/sanfrancisco/news/california-homeles...

https://pbs.twimg.com/media/HTBkxB5bsAACmdi?format=jpg&name=...

if they hike rents, whoever is more inelastic will eat the rent increase to the degree of her inelasticity.

the cost increase is shared between renters/landlords in the ratio of their elasticities. Whoever is more inelastic, will eat the cost.

Inealstic renters will pay up increased rent (like techbros in SF are eating up all rent increases).

Elastic renters will get up and move to Texas, if renter swill hike rent.

Elastic landlords will lever down and decrease number of low margin properties like rent-controlled properties, or unprofitable properties.

Inelastic landlords will eat the taxes and take a hit to profitability.

renters rent apartments/houses, and these things are very elastic.

the cost increase is shared between renters/landlords in the ratio of their elasticities. Whoever is more inelastic, will eat the cost.

Inealstic renters will pay up increased rent (like techbros in SF are eating up all rent increases).

Elastic renters will get up and move to Texas, if renter swill hike rent.

Elastic landlords will lever down and decrease number of low margin properties like rent-controlled properties, or unprofitable properties.

Inelastic landlords will eat the taxes and take a hit to profitability.

From economics we know that increase in cost is split between Landlords/Renters in accordance to their elasticities. Whoever is more elastic - will eat the tax.

the cost increase is shared between renters/landlords in the ratio of their elasticities. Whoever is more inelastic, will eat the cost.

Inealstic renters will pay up increased rent (like techbros in SF are eating up all rent increases).

Elastic renters will get up and move to Texas, if renter swill hike rent.

Elastic landlords will lever down and decrease number of low margin properties like rent-controlled properties, or unprofitable properties.

Inelastic landlords will eat the taxes and take a hit to profitability.

if landlords were able to raise rent, they would have done that already as its pure profit for them. The fact that they can't, means they will have to eat any marginal tax imposed on them

For ex Microsoft was a failing company and losing market share under white american Steve Ballmer, reaching $230 bln market cap.

It took an Indian ceo to make microsoft a two trillion dollar company, there countless examples like these. I am not even talking about how fundamental research by foreigners gets converted into billions of dollars of gdp and market value (and jobs ofc).

The argument that foreigners “steal” jobs is fundamentally flawed and is coming from ignorance/bigotry

It is very easy to undermine American big tech. If tomorrow China comes up with cheaper version of American tech products it will be over. Same way TikTok took over social media, same way DeepSeek can undermine openai/anthropic, and any other random SAAS can undermine existing american SAAS, because American salaries are 2x-4x compared to other countries. The moment America experiences reverse brain drain and alternative tech hubs are established, they can undercut prices with the same quality. So do not take it for granted that America will be tech leader forever, the global immigration is the only thing that keeps the leadership and drains other countries of top talent.

Immigration must be legislated by Congress, it is their job. GOP controlled the congress during trump1 and trump2 and decided not do anything. Superior Court mostly decided to maintain the status quo.

I am for reasonable and thoughtful reform of immigration, that should be done by Congress. Current admin has zero capability and no interest to pursue bona-fide reform.

All they want is throw defenseless foreigners under the bus and draw blood of innocent people for a big show, all while stealing money for themselves. and GOP voting base has no interest in keeping the people in power in check and demand accountability.

This is why I am firmly against the current admin using administrative procedures to halt immigration via backdoors like "$100k admin fee". Let's be honest here - nobody is interested in recouping admin costs of adjudicating immigration paperwork. They are simply using $100k to stop it.

The authority for stopping/reforming immigration lies firmly with Congress.

Second, this admin (steven miller et al) and loud wignats supporting it, want to shutdown all immigration completely, starting with high skilled one.

So please lets stop pretending that wignats will accept any immigration. Just say you sont want brown people, and that will be honest at least.

A lot of H1Bs are more qualified than the O-1 just because its easier to get coming from top tier Ivy League school and phd

The fact that America is global tech leader is thanks to foreigners, all these FAANGs and MAG7s and OpenAI and Anthropic, the paper "Transformers is all your need", everything was created by highly skilled foreigners.

Without foreigners there is no tech sector, no sweet MAG7 and FAANG stock returns, America would be steamrolled in tech the same way Ford, Chevrolet, Buick, and Dodge were steamrolled by Toyota and BMW.

My fear is that if US becomes hostile to foreign tech workers, they will simply create alternatives to US Big Tech in other countries and US economy will suffer.

Current US domination of global tech is partly because of foreign tech talent.

Nursing does pay a lot and conditions havent changed much over the years. Certified anesthesiology nurses get paid like $132/hr, and still there is shortage.

Do you think Elon Musk (and every other foreigner who founded US company) diluted supply of labor, or expanded supply of jobs ???

Partly that push was created by the labor unions, who pushed the cost of doing manufacturing business far above what was profitable and feasible.

When the environment becomes hostile to conducting business, then jobs will leave and local industries atrophy.

The problem with all anti-H1B discourse is Lump Of Labor fallacy ( https://en.wikipedia.org/wiki/Lump_of_labour_fallacy ). The loudest people are the least educated about the consequences of blocking high skilled immigration.