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Billionaire VC Mike Moritz slams new H-1B visa fee as ‘brutish extortion scheme’
In a new, scathing Financial Times op-ed, the former Sequoia Capital honcho compares the White House to Tony Soprano's pork store, calling its new H-1B visa plan another "brutish extortion scheme."
In a new, scathing Financial Times op-ed, the former Sequoia Capital honcho compares the White House to Tony Soprano’s pork store, calling the move another “brutish extortion scheme.” Moritz argues that Trump fundamentally misunderstands why tech companies hire foreign workers, saying it’s about skills and filling labor shortages, not replacing Americans or cutting costs. Instead of restricting H-1B visas, Moritz suggests doubling or tripling them, or automatically granting citizenship to foreign nationals earning STEM PhDs from top U.S. universities.
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