And your "Chinese or Indian citizen" example actually counters your own argument. Both countries have far too many people for the US to absorb, and both have also succeeded for the last three decades at raising living standards for their native people by more than would be possible via any achievable amount of brute-force migration to the US (though they have a lot more to do). Chinese and Indian "right to pursue happiness" has very little to do with US mass immigration policy; trade policy, technology transfer, Pax Americana, and the like have been far more relevant for a long time.
And even your "extreme example" fails spectacularly. I am Chinese, I voluntarily work for a Chinese-owned company, I've spent most of the last four years in and next to Shenzhen, and these years have been very good to me.
With all that said, I do support loosening restrictions on migration when doing so is actually positive-sum, and I think Chinese and Indian student immigration to the US frequently qualifies. But right now there's no way to push for that without simultaneously pushing for far-more-negative-sum policies.