Ok so I checked these numbers and they don’t seem to line up. According to Equity Atlas there are about 3.28M Americans with a net worth of $5M. According to https://www.credit-suisse.com/about-us/en/reports-research/global-wealth-report.html there are 8.4M people worldwide with a $5M net worth. So 8.4-3.28=5.12. So 5.12M x $5M=$25.6T.
I’m just using the logic presented here. Of course, that would require every single person on the planet with a net worth (not disposable cash) to actually buy one of these visas. If you assume actually 1% of these people did this, and I think that’s probably a high number, then we are talking $256B.
I’m not trying to defend Donald Trump here, but I don’t want to be one of those people who only immerses himself in liberal media and swallows everything they say as true just because it supports my opinion. That would make me the same as them.
I’m guessing the reality is closer to the original post. I’d be surprised if more than a small handful of people actually did this and that doesn’t forgive the horrible idea-made-real that citizenship is for sale, that only rich people are welcome here, that they are better than common people and all of the other reasons this whole thing is tasteless.
To be fair, it’s likely that a really wealthy person would buy citizenship for their immediate family as well.
I love how he telegraps his lies. “Which is possible,” means that it is not possible and people have told him that. “People are saying” means that it is something no one is saying or has said before it came out of his mouth.
Don’t forget “nobody ever knew” = I just found out. Usually something basic.
$10M is ridiculous. For $100k-$500k, you can buy citizenship in several countries that are better to live in than the US is in 2025.
Also, can you imagine the effect on the market of increasing the population by 3 percent and absolutely none of them contribute anything to the production of this country? They are all either coasting off of their investment portfolios or running companies in other countries. They would be parasites on the system.
Btw, big numbers are hard to visualize. So for context of how big a population increase 10 million people would be all at once… If they put all of those rich fucks into a hypothetical new 51st state, it would be the 11th biggest state by population. They could build a new equally big and densely populated New York City (8.2 million people) filled to the brim with non-contributing fat cats, and form the remaining population in 40th largest state. If they formed a country, they would be more populated than Greece.
Trump is talking about absorbing the population of entire countries. And not the kind of people that will work in fields and factories and pay taxes and contribute to their new home. No. These are the kind of people that will just consume and extort and lobby for more money and power for themselves. This is a nightmare scenario.
No, see they’ll make jobs. Rich people means more jobs! /s
Well to be fair, rich people consume a lot, which is in itselfe good (from a pure capitalistic viewpoint). The only thing is that you still need enough people to actually produce stuff. Funnily enough trump is kicking a lot of cheap workers out of the country
Perhaps he knows he’s pulling numbers out of the air; but the MAGAts nod in agreement.
Presumably to many of those 2 million, $5 million is quite an investment;
nor, IIUC, is it citizenship, and as such, they might still be liable for taxes in their own country.
Other countries might be offering better terms, such as Canada, Mexico, UK, or EU members.
US is the only country that charges income taxes on income in other countries so yeah… I’m sure all those millionaires can’t wait to pay USA taxes for some reason
This.
He probably knows (PROBABLY) that the numbers don’t add up. But he also knows that magats are not the smartest creatures, so they will believe anything their dear leader says, even if it’s a plain lie.
I think it’s worth pointing out that “net worth” ≠ “liquid holdings” (money available to spend on a good visa). I remember the first time I spoke to a financial advisor and he told me that they (UBS) had calculated our net worth at a little over $850k even though our savings were ~$10k and our monthly burn rate was just about 100% of our earnings. Their fuzzy math is ludicrous.
EDIT: All Donnie’s plan would do is instantly halve the value of the dollar.
We simply let people poor people take out massive loans. Once in the land of opportunity they can make it all back again immediately.
There’s about 300k people outside the US with net worth of $30M+, which is a reasonable estimate from someone who can get the tax break advantages associated with gold card to come live in this shithole.
- Rob a bank, sack 10 million.
- Travel to USA, buy a gold card.
- Be safe and spend 5 million because the US won’t extradite an American. :D
You need to be fast, though.
A lot of people will find themselves on the unpleasant side of gentrification. You think you’re priced out of the housing market now?
