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With essentially zero tariffs on capital flows, why is it necessary to target winners and losers with immigration policy? We saw what happened to wage rates when the richest companies in the US got access to the massive quotas of guest workers that US agriculture has: tech bubble and unemployment. Why use immigration policy as a subsidy to the venture cap industry? This makes little sense. Immigration policy can certainly be reformed but handing it over big money and big lawyers makes is foolish.