Reply to post: Re: L-1

Give me your tired, your poor, your huddled masses... but not your H-1B geeks, L-1 staffers nor J-1 students

JBowler

Re: L-1

>but stopping L-1 would surely defeat the purpose?

It stops *foreign* companies transferring to the US because it stops execs and skilled staff from the foreign country bringing a new US branch or a new US acquisition on-line. So it fits the dumb Trump model and, while it might hurt the US economy slightly, it mainly blocks foreign involvement in the economy.

Now is the time for all other countries to retaliate and ban the corresponding intra-company transfers by US execs and skilled staff. That will have a *really* bad effect on the US because the US routinely runs low labor cost operations in foreign countries using highly paid US staff (who get a special US tax break to motivate them).

If other countries do this there will be a temporary stop to US expansionism and, contrariwise, if other countries do not do this the US will invade those countries buying up all the low cost labor and national resources on the cheap, as has happened before as a result of post-crisis manipulation by the US (think two world wars.)

Of course it's moot for a while if the EU and the rest of the world bans US residents on the basis that this land is a coronavirusland.

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