I agree 1000% with you on this -> H1B has been/is being abused by all companies (big and small) for a number of years at the cost of not only American workers but also the visa holders. The only ones benefiting are the companies that sponsor H1B visas by suppressing wages for everyone.
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It's bonded labor of people desperate to get into the western world and/or get into Silicon Valley/US tech scene
It only benefits large tech companies
A) US citizens have lower salaries (lucky ones) or don't get jobs (unlucky ones)
B) H1B workers are paid less and are bonded labor
C) US itself loses out because many of those people would have started companies
Do you want people starting PinDuoDuo, FlipKart, Meituan Dianping, Shopify type companies in US or in other countries?
Then why instead of letting these 'brightest people from around the world' become entrpreneurs in US
are you asking them to spend 22 to 35 being bonded labor for data surveillance companies like FB and GOOG???