For context, every wealthy nation has work visas like this. It is not unique to H1bs. Dubai was essentially built on this framework with the added aspect of confiscating passports.
It can be used well in some cases, especially in attracting a workforce to an underserved area. For example, immigrant doctors and nurses make a up a huge proportion of the hospital workforce throughout the US (upwards of 1 in 3 in some urban areas) but even moreso in rural areas.
The problem is when it's misused, especially in the tech sector.
A disproportionate number of MAGA folk are descendants of European settlers who do not beleive in egalitarianism. They never believed in it. White supremacy was the cultural norm just a few short generations ago and in many ways it still is the implicit norm.
Real progress was being made in challenging this but the Nazis aren't going to have it so.. What's it going to take for 'the good ones' to step up?