As markets melt down, Trump touts $5m gold card for wealthy immigrants (featuring his face)
As markets melt down, Trump touts $5m gold card for wealthy immigrants (featuring his face)
‘For $5 million, this could be yours,’ Trump says of card available to wealthy immigrants to buy a right to live and work in the U.S.
“Who is the first buyer?” one of the reporters asked.
“Me,” Trump quipped.
“The second?” the reporter pushed on.
“I don’t know, but I’m the first buyer. It’ll be out in ... less than two weeks. Pretty exciting, right?” the president asked.
First of all, why would he be the first buyer of an express residency card when he’s already a citizen? Fucking moron.
Second, “it’s happening in two weeks” is Trumpspeak for “it’s literally never going to happen.”
Yep, this is a distraction from the stock market melt down.
Residual salesman brain.
Trump: I am awesome, I bought this thing, it is awesome, you will be awesome if you buy it too.
It bears no relationship to ... making any kind of sense, because it is literally a hustle, a psychological manipulation tactic.
He is just saying salesman words, meant to encourage buy in.
Has no relation to reality, the truth, making sense, etc.
... But, it works on rubes, dullard marks, cult members, weak willed / low self esteem people with decent reliability.
These are just more Trump University or Trump Steaks to him.
When you're a Russian asset, you sometimes forget to fake being a citizen.
He's not faking being a citizen. He's faking being self-aware. He barely has a clue wtf he's talking about at any given time. That's all.
Why would the president of the United States even need to or care about buying his own residency card?
In case he accidentally revokes it, because he’s a senile fucking moron.
He could wake up tomorrow in a Venezuelan prison form 'accidently' being deported, since he made it so that's a thing now
To sell it later because he thinks it'll be a collector's item. His only thoughts are ever about making money.
Has anyone seen his birth certificate‽
So law and order is just bullshit now right? You buy a gold fucking stupid ass card with dear leader’s picture on it and you get to skip the line? Where is that money going by the way, to Trump or a public fund?
It'd be a helluva thing if some dumbasses were to actually buy these things, then have it rendered null and void if the adults get back in charge...and are not given a refund.
Well, my first thought was that he did it to cover Melania 😂
Why not let Americans sell their citizenship for $5m instead.
That's some capitalism I can get behind! Free the citizenship market!
There should be fair competition in the market the government should not be the only one that can sell citizenships. Or at least we should be allowed to sell it back to the government for $5 million who can then sell to someone else.
I'd do it in seconds.
Yup, you can live like a king with that money in many other parts of the world.
The world is just waiting to pick up well educated americans because they keep electing clowns.
I think people with 5mil could probably get in a lot cheaper.
And 5 million today is only half a million in purchasing power two generations ago. And even less three generations ago.
So basically we are talking about middle class as it used to be defined. Problem in the USA is, very few people now have this money; so quite rightly it seems out of reach for many
A EB-5 visa costs ~1 million dollars and has been available since the 1990s. So anyone who wanted one has had plenty of time to get one.
The new "gold card" intends to replace the existing program.
Increasing the cost from 1 to 5 million sounds like it would decrease the number of applicants, not increase them. I suspect part of this change will be loosening the requirements to justify the increased cost.
This is our actual present reality, people. Resist the urge to look away, it will still be there.
Holy fuck.
We’re so fucking cooked.
He'll be a scammer till the day he dies.
like father like son, and his grandfather.
Ah yes, pay $5m to live where other people get deported despite their legal status. Only a fucking moron will get one.
You're just mad trump discovered an infinite money glitch for government revenues. Sell someone a visa for $5 mil, kick them out for no reason because you can, make them pay another $5 mil to come back, rinse and repeat.
If it's still honored, it would appreciate in value in four years.
Idk why dems don't discredit this as "Desperately importing wealthy foreign elites".
The dementia gets more and more apparent
“sale of 1,000 Gold Cards this week, raising $5 billion in a single day.”
Good for you, even if the number is true (it is not) and these keep selling (they won't), we just need a year and a half to make back the 2.5 trillion stock market lost overnight; and 6 whole years to make back 11 trillion lost since he took the office.
BTW, I cannot it has only been less than 3 month. Feels like years have passed.
At this point, you'd have to be badly mentally challenged if you're willing to pay to live in U.S
If they are really rich, the US is an amazing place to live and 5m is nothing to them. If one has to save up for that card, it's a shitty deal.
Ew
Why would anyone with that much money want to come here permanently, and get the IRS all up in their business? The US is the only large country that taxes its citizens on their worldwide income (edit: regardless of residency status)
Yes, I know Republicans are always interested in reducing taxes on the rich, but right now these hypothetical rich people who want to come here have zero tax liability. All that $5m does is subject them to intrusive questions about where they are making their money every year when they file taxes.
Good news for rich people, this article says they won't be taxed like a citizen
Unlike American citizens, gold card holders will not have to pay taxes to the U.S. government on their overseas income.
Their source is CNBC
Shit, that is a good deal, then. And probably exceeds Trump's authority in what the can offer, but when has that stopped him before?
That probably explains why he wants to buy one despite being a citizen already. I'd guess he thinks it'll mean he wont be taxed on overseas income either. Figuring out whether he's currently paying any, and if so how much is left as an exercise for the interested reader.
The US is the only large country that taxes its citizens on their worldwide income.
That’s untrue. As a Canadian, I know we do, and I believe we’re far from alone. I don’t know why people keep perpetuating this myth.
Canada will not tax you if you are a citizen, but no longer reside in Canada. the US will.
Source: https://en.m.wikipedia.org/wiki/International_taxation
Look at the map. Very few countries tax all citizens regardless of their residency in their worldwide income like the US does
Doesn't make sense. This should obviously be an NFT. Did the intern they tasked with this not know how to setup a new memecoin?
Who keeps the $5m per wealthy immigrant? If it's Trump himself, isn't that very very illegal?
The guy sold beans from the oval office, he's selling tesslers and golden shoes. This isn't even close to the weirdest thing he did.
I'd imagine the government but Trump will take credit for it and use it to justify spending more of its money at his resorts
I would highly recommend you go to almost any other country than this one right now.
Many countries do this to bring in wealthy investors. In those countries there are requirements to invest in local economy, not sure about this one.
The wealthy use these to travel every couple of month, allowing them to skip residency taxes by never being anywhere long enough.
However a US one is just dumb, because US tax laws are one of the only ones that will tax you, as a resident, when you are not in the US. So the types of people who typically buy these won't go near it.
Don't worry! It's the types that need to launder money that this will serve. Problem solved!
And when you buy one you get a complimentary membership to Trump steaks. Trump steaks, when you want to eat ass without actually eating ass.
When you are a 34 times convicted felon President, they just let you do it.
Grab 'em by the economy
AmeriCo., green cards now on sale!
Get 'em while they're hot!
Every time stuff like this happens .... it doesn't change how people feel about Turnip
Every time stuff like this happens ... I think about how stupid the American people are. They have a clown for a leader, running the country like a circus for sale and they put up with it every time.
Wasn't it $1 million a week ago?
That was before the tariffs lol
They should have to pay me $5m to own a card featuring his ugly mug
Buy the ticket, take the ride, Murica!
I really want to setup a museum of all the crazy crap Trump has sold, or put his name on. Steaks, sneakers, diplomas, deeds to apartments in his buildings, those stimulus checks with his fake signature on them, everything.
It would be crazy to see it all next to each other. Along with how much he made or lost. It'll be the most perfect museum in the country. Some say even the world maybe.
Firstly, does he really think it's going so great over there that wealthy people think it's worth $5M to get in? More likely they will just wait for the fire sale and buy up the land cheap.
Second if you have 5 mil, do you need to go there for work?