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> We're not that many. We already allow freedom of movement from countries within the EU, whose population sizes are an order of magnitude more than ours. Yet
by kldx 2y ago
> We're not that many.
We already allow freedom of movement from countries within the EU, whose population sizes are an order of magnitude more than ours. Yet the amount of paperwork it takes for a US citizen to work here is fairly high. They also don't get any unemployment benefits as long as they are on a work permit because of NAV's rules.
Why should the US offer us more than what we offer them?
- fakedang 2y agoNot to mention even opening a bank account ;) Swiss banks routinely either reject Americans, or ask for so much paperwork.
- TechnicalVault 2y agoSwiss banks reject Americans because of US legislation, namely FATCA (https://home.treasury.gov/policy-issues/tax-policy/foreign-account-tax-compliance-act https://home.treasury.gov/policy-issues/tax-policy/foreign-a...) Foreign Account Tax Compliance Act. It's introduced reporting requirements and thus massive costs in having US citizens banking with you, thus it's cheaper to just say no. Rational economic response.
- fakedang 2y agoI know about FATCA, but just to clarify, it's not just Swiss banks. A lot of European banks do so too, unless they're one of the super major ones.
- p_l 2y agoAnd all of them do that because of FATCA. Which frankly speaking should be rejected due to Congress reneging on their side of agreement.
- felsokning 2y ago>...because of US legislation, namely FATCA ... To be clear: The issue with FACTA is that saying "yes" to an American citizen (or national) adds costs to the foreign bank (in free labour on-behalf of the US). The US doesn't fund any of the work of reporting these accounts back to US. Its almost as if the US has internal sources of free labour and expects no repercussions from expecting the same from their international counterparts...
- unixhero 2y agoBecause you lack enough talent to fuel your insatiable demand for it, to keep the competitive sustainable advantage the US economy has.
- kldx 2y agoYou're right. That's why the US has skilled worker streams to obtain work permits. For those with extraordinary abilities, the process is arguably quicker. These streams are oversubscribed with talent from other countries so the US isn't immediately pressed to create a special visa stream for Norway specifically.