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[-] fmstrat@lemmy.nowsci.com 5 points 6 days ago

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.

[-] ssladam@lemmy.world 1 points 6 days ago

Don't worry! It's the types that need to launder money that this will serve. Problem solved!

[-] aseriesoftubes@lemmy.world 188 points 1 week ago

“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.”

[-] pelespirit@sh.itjust.works 67 points 1 week ago

Yep, this is a distraction from the stock market melt down.

[-] TransSynthesist 29 points 1 week ago

As is his proclamation that April is Child Abuse Prevention Month, and then goes on to ONLY talk about trans kids.

[-] andros_rex@lemmy.world 3 points 6 days ago

Wonder how the big players in the troubled teen industry donated. I’m sure RFK Jr’s department will be quick to investigate and regulate teen torture facilities.

[-] ricecake@sh.itjust.works 24 points 1 week ago

Don't give him so much credit. Everything he does is credited as an intentional distraction from whatever it is that he just did.

[-] samus12345@lemm.ee 24 points 1 week ago

Yeah, it's pretty tiresome. "This is a distraction!!!!" No, literally everything he does is a horrible mess and he just keeps doing more.

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[-] sp3tr4l@lemmy.zip 50 points 1 week ago* (last edited 1 week ago)

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.

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[-] Gerudo@lemm.ee 30 points 1 week ago

When you're a Russian asset, you sometimes forget to fake being a citizen.

[-] ripcord@lemmy.world 14 points 1 week ago

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.

[-] don@lemm.ee 26 points 1 week ago

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.

[-] sporkler@lemmy.world 9 points 1 week ago

He could wake up tomorrow in a Venezuelan prison form 'accidently' being deported, since he made it so that's a thing now

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[-] glitch1985@lemmy.world 14 points 1 week ago

Has anyone seen his birth certificate‽

[-] blarth@thelemmy.club 11 points 1 week ago

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?

[-] CharlesDarwin@lemmy.world 3 points 6 days ago

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.

[-] futatorius@lemm.ee 8 points 1 week ago

You buy a gold fucking stupid ass card with dear leader’s picture on it and you get to skip the line?

There have been similar (non-literal) golden visas offered all over the world, mainly by poorer EU countries or the various third-tier states that make most of their foreign exchange through money-laundering.

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[-] Rentlar@lemmy.ca 81 points 1 week ago

Country for sale! Buy now!

[-] Nay@feddit.nl 41 points 1 week ago

And it's a going out of business fire sale.

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[-] Litebit@lemmy.world 74 points 1 week ago

Why not let Americans sell their citizenship for $5m instead.

[-] Imgonnatrythis@sh.itjust.works 33 points 1 week ago

That's some capitalism I can get behind! Free the citizenship market!

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[-] trogon@lemmy.world 12 points 1 week ago
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[-] Lembot_0001@lemm.ee 63 points 1 week ago

Is there his ass on the back side of the card?

[-] vegeta@lemmy.world 83 points 1 week ago

no, it's on the front

[-] h3adphones@lemmy.zip 41 points 1 week ago

It has his face on it, so it already has an ass on it.

[-] twinnie@feddit.uk 53 points 1 week ago

I think people with 5mil could probably get in a lot cheaper.

[-] limer@lemmy.dbzer0.com 21 points 1 week ago

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

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[-] modifier@lemmy.ca 41 points 1 week ago

This is our actual present reality, people. Resist the urge to look away, it will still be there.

Holy fuck.

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[-] ZMoney@lemmy.world 31 points 1 week ago

He'll be a scammer till the day he dies.

[-] Ledericas@lemm.ee 11 points 6 days ago

like father like son, and his grandfather.

[-] hopesdead@startrek.website 29 points 1 week ago

Ah yes, pay $5m to live where other people get deported despite their legal status. Only a fucking moron will get one.

[-] Not_mikey@slrpnk.net 8 points 1 week ago

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.

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[-] Fedizen@lemmy.world 25 points 1 week ago

Idk why dems don't discredit this as "Desperately importing wealthy foreign elites".

[-] Fingolfinz@lemmy.world 23 points 1 week ago

The dementia gets more and more apparent

[-] cocomutative_diagram@infosec.pub 17 points 1 week ago* (last edited 1 week ago)

“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.

[-] CaptDust@sh.itjust.works 16 points 1 week ago

Looks like monopoly money.

[-] crazyhotpasta@lemm.ee 15 points 1 week ago

At this point, you'd have to be badly mentally challenged if you're willing to pay to live in U.S

[-] Holzbesteck@feddit.org 7 points 1 week ago

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.

[-] NoForwardslashS@sopuli.xyz 11 points 1 week ago
[-] dhork@lemmy.world 9 points 1 week ago* (last edited 1 week ago)

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.

[-] CaptDust@sh.itjust.works 17 points 1 week ago* (last edited 1 week ago)

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

[-] dhork@lemmy.world 13 points 1 week ago

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?

[-] notabot@lemm.ee 9 points 1 week ago

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.

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[-] futatorius@lemm.ee 7 points 1 week ago

Yes, he really is that out of touch.

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this post was submitted on 04 Apr 2025
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