When to elect a 1980s New York real estate developer into high office, don't be surprised when he views the entire world through a transactional lens (generally zero sum).
Does not sound that differend from the EB-5 Immigrant Investor Visa the US already has except for the fact that you gift the money to the feds instead of investing it in a company with 10 employees.
“Sec. 2. The Gold Card. (a) The Secretary of Commerce, in coordination with the Secretary of State and the Secretary of Homeland Security, shall establish a “Gold Card” program authorizing an alien who makes an unrestricted gift to the Department of Commerce under 15 U.S.C. 1522 (or for whom a corporation or similar entity makes such a gift) to establish eligibility for an immigrant visa using an expedited process, to the extent consistent with law and public safety and national security concerns. The requisite gift amount shall be $1 million for an individual donating on his or her own behalf and $2 million for a corporation or similar entity donating on behalf of an individual”
Calling it a “gift” somehow manages to add an extra level of ick in my mind.
> My Administration has worked relentlessly to undo the disastrous immigration policies of the prior administration.
Genuinely ignorant here, but historically speaking, is it normal for the president to bad-mouth the previous administration so openly and often? Especially in writing like this.
Honestly the “Gold Card” doesn’t worry me too much - the US has had investor visas for a long time.
The related “Platinum Card” on the other hand makes me absolutely livid. It means that for $5 million, there’s a status available that is arguably better than US citizenship, granting 270 days of presence in the U.S., and exemption from US taxation. I am a U.S. citizen who spends <30 days per year in the U.S., and I can’t even open an ISA in the UK where I live due to the US’s global tax rules, let alone anything more complex. To have citizenship based taxation and then grant a special status to foreign wealthy individuals is a slap in the face of decency.
270 days in the U.S. is also long enough to become tax non-resident in whatever country you’re spending the other 90 days in, making it likely that you’d be tax resident nowhere.
The double whammy of conflation with bribing immigration officers and being done by Trump will be hard to get past, but evaluating the policy on it's own it seems like a net positive. Everyone who uses this must really want to be here and a million bucks to spend on food stamps or medicaid is a pure win.
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[ 4.6 ms ] story [ 38.1 ms ] threadCalling it a “gift” somehow manages to add an extra level of ick in my mind.
On the front a picture of Trump.
On the back pictures of George Washington and Abraham Lincoln weeping in despair at the sight of Neu Amerika.
Genuinely ignorant here, but historically speaking, is it normal for the president to bad-mouth the previous administration so openly and often? Especially in writing like this.
The related “Platinum Card” on the other hand makes me absolutely livid. It means that for $5 million, there’s a status available that is arguably better than US citizenship, granting 270 days of presence in the U.S., and exemption from US taxation. I am a U.S. citizen who spends <30 days per year in the U.S., and I can’t even open an ISA in the UK where I live due to the US’s global tax rules, let alone anything more complex. To have citizenship based taxation and then grant a special status to foreign wealthy individuals is a slap in the face of decency.
270 days in the U.S. is also long enough to become tax non-resident in whatever country you’re spending the other 90 days in, making it likely that you’d be tax resident nowhere.
A million bucks? Should have made it a billion.
Just this week we found a homeless and black guy swinging from trees.