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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (265081)	5/29/2008 8:23:37 PM
From: neolib	Read Replies (1) \| Respond to of 281500

Gad, talk about an idiot. Is this guy seriously claiming that it is IRS tax policy that has resulted in the decreased RATIO of professionals to total immigrants comparing the years 1992-1996 vs 1997-2001 and now? Is he clueless about the emergence of India and China during that time span? Lets see, was that all the result of IRS taxes. LOL! As I enjoy pointing out to you Tim, in the field of economics, most people are clueless about attribution. They just make things up to fit their fancy. This is more than just an anecdotal trend. In the five years before the 1996 change in the law, the ratio of professionals to total immigrants was a steady 15-16 percent. In the five years afterward, which included the dot-com boom that attracted so many of the world's entrepreneurial types here, that ratio dropped to 12 percent. It is currently below 10 percent. In fact, the raw number of professionals naturalizing here in recent years is below those from the mid-1990s in the lead up to the new tax laws. In other words, the new rules that have kept an extra few hundred of our professional class from checking out have likely scared away tens for thousands from checking in. I've done the math, and it's crazy.