My point is that the system as it currently stands is depressing white collar wages. There are better systems we can adopt to hire entrepreneurially-minded folks or developers who are particularly skilled from other countries.

Trump is not gutting the H1-B system (currently). All they did was start asking companies to prove that the H1-B was going to an applicant who actually meets the requirements of the visa. If companies are worried about the change that's pretty clear evidence the program is being abused.