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America Doesn’t Work Without Immigrants—Here’s Why

Billionaire immigrants and VCs discuss visa policies, green card backlogs and why the U.S. is still the best place: “One person will not screw up the American Dream."

Forbes 2 min read 8/10
America Doesn’t Work Without Immigrants—Here’s Why
Key Takeaways
  • Over 1 million skilled workers are currently stuck in the U.S. green card backlog, with 95% from India due to per-country caps.
  • H1B visa holders spend an average of 3–5 years in limbo before receiving a green card, and cannot easily switch employers.
  • Immigrant-founded companies account for 55% of U.S. unicorns and 40% of Fortune 500 firms, contributing over $1 trillion annually to GDP.
  • The Fairness for High-Skilled Immigrants Act (proposed multiple times) would eliminate per-country caps but has not passed Congress.
  • Countries like Canada, Australia, and Germany have introduced fast-track visa programs specifically targeting U.S. startup founders and tech workers.
The American Dream is under threat not from politics but from bureaucracy. Billionaire immigrants and venture capitalists are warning that the U.S. immigration system’s green card backlogs and visa policies are jeopardizing the nation’s economic future. In a widely discussed Forbes piece, influential figures from the tech and investment worlds argue that America cannot sustain its innovation engine without a steady flow of foreign talent — and that current US immigration policy is actively choking that pipeline. The context is stark: the United States has long relied on skilled immigrants to drive breakthroughs in technology, medicine, and entrepreneurship. Yet today, over one million highly skilled workers are stuck in green card backlogs, with wait times extending beyond a decade for citizens of high-demand countries like India and China. The per-country cap system, introduced decades ago, has created a bottleneck that the world’s largest economy can ill afford. Key details emerge from the article’s discussions: entrepreneurs and VCs describe a system where H1B visa holders live in perpetual uncertainty, unable to change jobs or start companies without risking their status. Many have left for Canada, the UK, or Singapore. The quote that resonates most comes from an anonymous billionaire immigrant: “One person will not screw up the American Dream.” Yet the article’s analysis suggests otherwise — that while the dream endures, the dreamers are becoming scarcer. The broader implications are clear: if US immigration policy fails to reform, the country could lose its competitive edge in AI, biotech, and clean energy. Countries with more welcoming visa programs are actively courting the talent America discards. The outlook hinges on political will. Bills like the Fairness for High-Skilled Immigrants Act and startup visa proposals have stalled in Congress, but renewed attention from the business community could break the logjam. The stakes are historic: in the race for global talent, the U.S. is still the favorite — but only if it fixes the track.

""One person will not screw up the American Dream." — Anonymous billionaire immigrant cited in Forbes"

Frequently Asked Questions

The green card backlog refers to the number of approved applicants waiting for an immigrant visa. As of 2026, over 1 million skilled workers are waiting, with average wait times of 10+ years for those from India and China due to per-country caps.

The H1B visa is a temporary work visa for specialized occupations, capped at 85,000 per year via lottery. It allows holders to work in the US for up to 6 years, after which they must adjust to a green card or leave.

Skilled immigrants fuel innovation, founding 55% of US unicorns and contributing over $1 trillion to GDP annually. They fill critical STEM gaps and drive patent filings.

Reforms include the Fairness for High-Skilled Immigrants Act (eliminating per-country caps), startup visa bills to let foreign entrepreneurs stay, and increasing H1B caps.

The American Dream for immigrants means the opportunity to achieve success through hard work, free from the constraints of home-country bureaucracy. It remains a powerful draw despite visa hurdles.

Original source

www.forbes.com

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