Trump Says Will Sell 'Gold' Residency Permits For $5 Million

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I think there are⁤ enough existing routes already. Also, I think non -immigrant visa are much more appealing as⁣ they won't give you tax troubles unless you pass the substantial presence test.
 
I don't get it... for 5M one can become the tax-slave with no chance to‌ escape for the rest of his life? in exchange for what?
if somebody wants to‍ live in the US then there must be plenty of solutions for a fraction of⁠ the price
or did I misread anything?
 
Trump said in⁤ the presser that there wont be any tax on income outside of the United States⁣ (normal rules apply for US sourced income).
That's different from the regular green card afaik?⁢

He also said they might sell a million cards but I don't think there are︀ that many people that are outside the US, have the money and find it worth︁ it.
 
Wealthy successful foreigners want a green card so they‌ can no longer easily bank anywhere outside US, so they also pay US high taxes‍ and high inheritance tax, so they can live in a divided society with high gun⁠ crime, a society with 1 in 5 adults with mental illness, live in a criminal⁤ nation with worlds biggest prison population, live with on average at least one mass shooting⁣ a day, live with poor food quality, high obesity levels, poor environmental standards and a⁢ nation in absolute and relative decline by Trumps own admission!!! And these wealthy foreigners will︀ pay $5m each for the privilege to live on that sacred soil? God bless America.︁

Trump is desperate and delusional. The U.S is literally turning into a banana republic selling︂ routes to citizenship like a Caribbean nation. See it with your own eyes smi(&%.

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"“Wealthy people will be coming into our country by buying this card,” he︃ continued. “They'll be wealthy and they'll be successful and they'll be spending a lot of︄ money and paying a lot of taxes and employing a lot of people. And we︅ think it's going to be extremely successful and never been done before.”

--- quote end︆
 
There aren't so many UHNWI (most⁤ of them are already in the USA) but a lot wealthy Chinese, Indians and Russians⁣ will be happy to partecipate i think.
 
So he is basically giving an option to all those UK non-doms that don't know⁠ where to move to.
 
It’s very likely a sort of donation…‍ to "pay off" the national debt.

If he wants to implement a non-dom style regime⁠ then it could be interesting for UHNWI foreigners (from third world countries) but $5m is⁤ way too much.
 
Its called EB5
back in the days‍ it was 500k
Trump first term was bumped to 1m
Nothing new just bigger ticket⁠
And yeah no one wants to be a US citizen if you have that kind⁤ of money
 
They've issued 135,518 EB-5 since 2000, so around 5,000 per year.
There are about 375k‌ UNHWI ($30M+) outside the US according to Knight Frank Wealth Report 2024.
Very unlikely‍ they sell more Gold Cards than EB-5 then.
 
lol...Trump Golden Visa will replace EB5 they say. Also you will not pay taxes on‌ foreign income 😳

Ok I change my mind on this visa...lol
 
He does it seems from video. Its a non-dom scheme. I take everything‍ back I said. He is gonna sweep up a lot of UHNW's globally with the⁠ non-dom part.
 
It could succeed if foreign income is tax exempt⁠ for an indefinite period after paying that gold card.

One big problem is that it⁤ would only apply at the federal level. (Blue) States with income tax are very unlikely⁣ to exempt it as well.

So @JohnnyDoe, would you move to Florida or Texas⁢ if most of your passive income is foreign-sourced? smi(&%
 
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