cheinic6493

> It's an insanely stupid move, but from what I'm seeing on Twitter, it's somehow not that unpopular among the less bright.

Nah. I’m an Indian-American (born in America, never visited India) working at a FANG company here in SF South Bay and I support this policy.

We need fewer immigrants in America for the next 10 years until we can sort out our domestic issues (education, healthcare, taxation, cost of living).

Once the immigrants are gone and birthright tourism / birthright citizenship to non-US citizen parents is also gone (hopefully next week), politicians can no longer blame immigrants for americas problems.

> Whatever they are trying to get to this is a big concern for all H1B employees.

Thankfully H1B is a small visa category.

> Isn’t it better for the smart people in India to stay there and make India richer, instead of coming to the U.S. to make billionaires here richer?

An Indian’s greatest accomplishment in life is leaving India.

> You need to be have a job and be on a valid visa to even apply for a green card.

False

You don’t need a job to apply for green card.

Valid visa, yes. But that’s easy.

> Even Warren Buffet only makes 19% - 20% compounded every year. That would make you one of the top investors ever.

Not really.

Plenty of hedge funds and HFT firms make 40-100% each year (before fees) over 30-40 years…

Citadel’s “stock picking ability” is 40% annual returns since 1999

They just don’t advertise this because it’ll make retail traders and passive ETF investors really sad

> It’s a thing but your order execution won’t be as efficient as an ETF, so you will be losing a non-negligible amount each year in slippage from the large number of small transactions

Not necessarily

ETF managers execute block trades outside the normal market, sometimes through dark pools, not even reported to the public.

Fidelity, Vanguard, etc ask JPMorgan, Goldman to execute these block trades and pay them a fee. This fee can exceed the “slippage” a retail investor can face.

> I have a more complicated return than most, but not everyone, and it handles it all (multi-state, capital gains/losses and rollovers, depreciations, etc)

Most people have W-2/1099 and some real estate deductions. Not hard to beat that in complexity.

Try AMT, controlled foreign corporations, nested K-1s, and 1040X prior year amendments with $100k-$1 million+ pending refunds.