Joseph N. Wagar
8.7K posts

Joseph N. Wagar
@TheNileDesign
Is a rare breed + @ileannnn__ e/acc


BREAKING: The Pentagon seeks $200 billion in additional funds for the Iran war, AP source says. apnews.com/article/iran-w…

You barley need ICE agents if you tax remittances, punish the employers of illegal, and deny them banking End healthcare, education, and welfare for illegals and the scam is over Everyone knows this, including the Trump admin




@aslsoldier @RobProvince There is no link. No one is being laid off for foreign workers. He’s a liar!

Let’s talk H1B. In March 2024, I got a call. My job was gone. So was everyone else's. Infosys didn't replace one or two of us. They replaced the whole department. Every. Single. One. Their guy chose to keep his friends employed over American workers. This isn't a story. It's a playbook. Here's what they don't tell you about H-1B abuse in Ohio: → Ohioans have lost ~$300M per H-1B worker cycle → Wages drop tens of thousands per replaced job → That money doesn't pay Ohio rent. Doesn't hit Ohio restaurants. Doesn't pay Ohio taxes. It leaves. Infosys paid $34M settling federal fraud charges for exactly this. Now Vivek Ramaswamy wants to be Ohio's governor. The same man whose company used H-1B visas 29 times. The same man who told Americans we "venerate mediocrity over excellence." He got fired from DOGE partly for saying that. He says he wants to reform H-1B now. His record says otherwise. I'm running for Lt. governor because I know what it feels like. To be told your job, your team, your livelihood just doesn't matter. Ohio workers matter. Ohio paychecks should stay in Ohio. We will solve this. Share this. 🗳️ Vote @CaseyPutsch — May 5 📋 Register by April 6

Interesting. Gamma paid “the design tax” to a fantastic design agency for their brand identity. I’d love to see a robust public conversation about how AI design tools aren’t good enough for companies to use on their own brands, but are ostensibly good enough for their customers.



@JBlunt1018 Just cancelled all my USAA polices and credit card because they fired all their US employees and replaced them with foreign labor.




I'm going to make some obvious points. (1) Blowing up all the oil infrastructure in the Middle East is an insane idea, and may well result in a global economic crash and humanitarian crisis unrivaled in the lives of those now living. We're talking about the price of everything everywhere rising, from food to gas, at a moment when inflation was already high. All of that will be laid at the feet of the authors of this war. (2) The antebellum status quo of Feb 27, 2026 was just not that bad, but we're unlikely to return to it. Expect indefinite, long-term, ongoing disruptions to everything out of the Middle East. (3) Also assume tech financing crashes for the indefinite future. The genius plan to get the Gulf states caught in the crossfire has incinerated much of the funding for LPs, for datacenters, and for IPOs. Anyone in tech who supported this war may soon learn the meaning of "force majeure" as funding gets yanked. (4) Many capital allocators will instead be allocating much further down Maslow's hierarchy of needs, towards useful basic things like food and energy. (5) It's fortunate that all those progressives yelled about the "climate crisis." Yes, their reasoning about timelines was wrong, and much of the money was wasted in graft, but the result was right: we all need energy independence from the Middle East, pronto. It's also fortunate that Elon and China autistically took climate seriously. Now they're going to need to ship a billion solar panels, electric vehicles, batteries, nuclear power plants, and the like to get everyone off oil, immediately. (6) It's not just an oil and gas problem, of course. It's also a fertilizer problem, and a chemical precursor problem. Maybe some new sources will come online at the new prices, but it takes time to dial stuff up, particularly at this scale, so shortages are almost a certainty. That said, China has actually scaled up coal-to-chemicals[a,c] (C2C), and there's also something more sci-fi called Power-to-X[b] which turns arbitrary power + water + air into hydrocarbons. But all of that will need to get accelerated. I have a background in chemical engineering so may start funding things in this area. (7) Ultimately, this war is going to result in tremendous blame for anyone associated with it. It's a no-win scenario to blow up this much infrastructure for so many people. Simply not worth it for whatever objective they thought they were going to attain. But unless you're actually in a position to stop the madness, the pragmatic thing to do is: scramble to mitigate the fallout to yourself, your business, and your people. [a]: reuters.com/business/energ… [b]: alfalaval.com/industries/ene… [c]: reuters.com/sustainability…










In a new report out today, @SarahEckha89223 and I estimate the federal, state, and local impact of H-1B visa holders. The average H-1B household contributes a net of $30,050 at the federal level. At the state and local level, they contribute $5,040 per H-1B household and are positive in 49 states. TONS more detail here eig.org/fiscal-impacts…


I really need a printer that has zero screen, wifi, or bluetooth connection. I just want to be able to plug a usb cord printer --> computer Hit print, and have it actually work every time

Even despite the H-1B program's many flaws and the need to reform it (which we have covered extensively at EIG), H-1B households are enormous net fiscal contributors. See Adam's and Sarah's new paper, including a one-page summary, at the link 👇x.com/ModeledBehavio…

@TheNileDesign @ModeledBehavior @emre_mayo Wow, what a remarkably low intelligence reply. You have no understanding of how economics works, and should sit out of all public policy debates and let people who aren't impossibly ignorant and stupid contribute on your side.



Contrary to what Governors DeSantis and Abbott claim, H-1Bs are a boon to tax paying residents. Here is what the 6 year fiscal impact for H-1B households looks like in every state. eig.org/fiscal-impacts…











