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Sunday, November 28, 2010

Inviting entrepeneurs to immigrate


Just saw my cousin who has emigrated from the US to Scottland under an “Entrepenuers Visa”. The concept is that the UK makes it far easier to immigrate into their country if you are going to start, or expand a business and hire others in the process. Their structure may not be perfect but the idea is a winner.

We need more entrepreneurs in the US as well. We have a similar program in the US. However the program tends to be designed around "politically correct" measurements. As I have mentioned in other posts, not all jobs are created equally. A job that results in substantial exports abroad is far more valuable than one that make use a bit more comfortable at home. But that aside, entrepreneurs are a net plus for any economy.

The notion of allowing new immigrants based on their ethnicity, or a limit per country or if they have family in the US might garner votes, but it does not make us stronger economically.

Not everyone has the mindset to be an entrepreneur. But we are not running a charity here. We are talking about bringing in new blood to our country – and hopefully new thinking that will make us stronger, not more politically correct.


Find Lucky and Good: Risks, Decisions and Bets for Investors, Traders and Entrepreneurs at Amazon.




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