Skip to main content

The world's mightiest country feels threatened by refugees? Did it forget its history?


The world's mightiest country feels threatened by refugees? Did it forget its history?

President Trump's executive order of banning refugees belies everything that America stands for including its economic policies. The share of economic greatness that immigrants brought to America cannot be equated to anything. Though small in number they have created history and history can never be denied access.

An amalgamation of people of various faiths, languages and cultures have made America what it is today. By denying those whose intrinsic mental capabilities need a freer environment to bloom Trump is not only being cruel, he is likely to harm the 'economic environment' of US.

Let us look at the economic greatness that the refugees brought to the US.

Sergey Brin's parent company, Alphabet with a market capitalization of $533 billion, is now America's second most economically powerful company. Brin immigrated to the US from the Soviet Union in 1979.

Jan Koum and Max Levchin, co-founders of Whattsapp and Paypal immigrated to the US from Ukraine. Whatsapp is the revolutionary free messaging service that the world depends on now. No guesses on the number of users, since it is 'FREE' and the revenue it brings to its Facebook owner. Facebook purchased Whatsapp in February 2014 for approximately $19 billion.

Max Levchin the founder of Paypal, the online payments system that supports online money transfers and serves as the best alternative to cheques and money orders internationally.

Not to forget the brain capitalism that migrated to the US way back during the world wars when Jews and other communities fled from Germany and other Nazi-occupied territories. Most of the Jews that settled in America after fleeing Germany were awarded the Nobel Prizes in Physical Sciences.




Labels:

Comments

Post a Comment

Popular posts from this blog

GI Tags In India: Have they benefited Indian products?

Sheela Mamidenna GI Tags in India: Have they benefited Indian products?   Liberalisation of markets and the winds of change have metamorphosed intense debates on salubrious issues such as frameworks for trans-border marketing, tariff reductions, and protective and balanced shells for indigenous businesses, ensuring that human resources and their skills are utilised to the maximum. Bio-resource conservation offers the distant hope that the future world of markets will be more enriching contributing to a better quality of life for future generations. The race to capture ‘every kind of market’ makes it alluring to innovate and creatively captivate the consumer towards one’s products or services.   A consumer’s choice of products/services is influenced by a wide range of factors and the very notion of distinction or exclusivity associated with a particular product or service gets retained in the minds of the consumer for a longer time. To retain the uniqueness of such products and...
Post a Comment
Read more

Exporters advised to file Table 6A and GSTR 3B for processing of IGST Refund

The Government of India is seized of the issue of Exporters complaining about delay in grant of refunds pertaining to Integrated Goods and Services Tax (IGST) paid on goods exported out of India and similarly Input Tax credit (ITC) on exports. Media reports with incorrect estimations of refund amounts held-up for the period July to October 2017 have been noticed. It is clarified that the quantum of IGST refund claims as filed through Shipping Bills during the period July to October 2017, is approximately Rs. 6,500 crore and the quantum of refund of unutilized credit on inputs or input services, as per the RFD 01A applications filed on GSTN portal, is to the tune of Rs. 30 crore. With regard to IGST paid on goods exported out of India, majority of refund claims for exports made in July, 2017, wherever due, have been sanctioned. Refund claims of IGST paid for exports made in August, September and October 2017 are being sanctioned seamlessly wherever returns have been accurately...
Post a Comment
Read more