As markets melt down, Trump touts $5m gold card for wealthy immigrants (featuring his face)
https://www.independent.co.uk/news/world/americas/us-politics/trump-gold-cards-tariffs-markets-b2727169.htmlOpen linkView original on sh.itjust.works603
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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.
As is his proclamation that April is Child Abuse Prevention Month, and then goes on to ONLY talk about trans kids.
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.
Don't give him so much credit. Everything he does is credited as an intentional distraction from whatever it is that he just did.
Yeah, it's pretty tiresome. "This is a distraction!!!!" No, literally everything he does is a horrible mess and he just keeps doing more.
That would also mean that he had planned everything in detail to fit together. That's beyond his capacities. The recession was obviously unplanned; he's already struggling to keep the whole thing under control. The complexity of human society is overwhelming him.
Which market meltdown? ?
Yep. There's this strategy called "pump and dump." It's often used by the wealthy to inflate stock prices before cratering them to buy at discount.
Idiots like you see line go up for a while, and think:
Instead of noticing the "pump" part of the scheme, also visible in your image.
Unless you want to point to some economic windfall happening between 2022 and 24 that explains all that growth, it is very likely from downsizing, buybacks, and off market darkpool price manipulation. (Which now happens regularly these days with every blue chip stock around 5pm).
Historically, Tariffs lead to a recession in 1830 (15% Tariffs), a Depression in 1930 (20% Tariffs), and now with a 40% plus Tariffs on basically everything, we are likely to see the complete disembowlment of the US Dollar and all the market dominance we built with it.
You better get your completely misplaced premature celebration out now, because you are going to be eating crow the rest of this year, and far into the future. There's no amount of bullshit Trump spin that will bring our markets back. We are unquestionably fucked.
I will gladly check back here in 8 months to provide an updated chart, seeing as you will certainly be too embarrassed to do so.
Here I am posting a joke, and you gotta be an ass and not even understand what I posted. We’re literally saying the same thing.
That certainly wasn't clear.
Maybe not. But it’s a literal picture of the stock market melting down.
Either way, if it’s not clear, maybe people should err on the side of not being a dick to a stranger on the internet.
...from a time frame of 2021 and on.
Which implies the growth from that time until now is somewhat meaningful in comparison to the dip that specific time frame does its best to minimize.
Which to me, seems intentional. Kinda like you're being a dick. Which is why I responded like one in turn.
If that was all an accident:
Then apologies for calling you an idiot and listing in detail all the ways I agree with you about the market melting.
Also true
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.
"24h" was equivalent to "maybe during this term", so 2 weeks could mean within the next 2 decades
Like infrastructure week!
Well, my first thought was that he did it to cover Melania 😂
Country for sale! Buy now!
And it's a going out of business fire sale.
Held in a flaming dumpster
Hey, be fair! We're not on fire at the moment.
Speak for yourself, flameless.
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.
Now that's an idea! Hell, I'll do it for 3 mil
Best I can do is $7.50 USD and whatever meal you want from Taco Bell
That’s higher than federal minimum wage! You generous bastard 😄
How about 3 fiddy?
The world is just waiting to pick up well educated americans because they keep electing clowns.
no, it's on the front
It has his face on it, so it already has an ass on it.
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".
It doesn't work.
The right would celebrate that it was 'triggering teh libs'.
You can't beat someone who is only playing to get a rise out of you.
Sure you can. When Trump breaks them and makes them poor, they’ll have to stop trolling and get serious. A ton of them are starting to wise up and pressure their congressional representatives to do something.
Nope.
You vastly underestimate their hate.
When they're broken, he'll let them loose on the browns who get all the blame.
Exactly the same as happened during the first great depression.
Sure but they’ll stop trying to be silly and get more serious (albeit hateful).
As Chris Rock said, if a homeless guy has a funny sign, he hasn’t been homeless for long.
The analogy is apt, we are the guy with a job walking by in a suit, they are coming down from meth, desperate for their next fix, and they're pulling out their knife.
Last time they went on a redneck rampage we lost 600k good Americans.
Kamala got fox news to talk about her policies by advocating anti price gouging legislation. Shame she abandoned that policy so quickly
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.
Looks like monopoly money.
AI generated
One nation under Grok
Grok Damnit.
Ew
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
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
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.
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
But there's a US$130,000 exemption (the "foreign earned income exclusion") and tax treaties with many countries, so not many people actually need to pay extra tax to the USA. Realistically, the only time you need to is if you earn more than US$130k and the country you live in has a lower tax rate than the USA.
What hurts much more is the "exit tax" when you leave the USA (as a green card holder after 7 years) or renounce your citizenship.
I'm assuming if someone had $5m just lying around to buy citizenship, their income is well beyond the $130k exemption
Being born here is increasingly an albatross to bear your entire life.
Sure, that's completely true but unrelated to what you said in your original comment. I quote:
You were not talking about non-resident citizens, so stop moving the goalposts.
Plus, the US has one of the lowest tax rates of any of those "large countries" you talked about. So unless a US citizen resided in a country without a tax treaty with the US (there's not many of them), they're almost certainly being charged enough tax in their resident country that they pay $0 to the IRS on non-USA income.
I was talking about non-residents, that's why I edited the comment. Resident non-citizens presumably have jobs here, and are already paying tax.
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?
The fuckhead is damned conceited it boggles the mind how anyone can even get near him
Especially with how he reportedly smells
Just like in some horror movies when the evil is present
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.
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!
Wasn't it $1 million a week ago?
That was before the tariffs lol
When you are a 34 times convicted felon President, they just let you do it.
Grab 'em by the economy
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.
If I was rich enough to do that I'd pay an extra 5 million to not have his ugly fuckin face on it.
They should have to pay me $5m to own a card featuring his ugly mug
AmeriCo., green cards now on sale!
Get 'em while they're hot!
Doesn’t this need an act of Congress to enact?
Half the shit he’s done has required congressional authority.
Congress is full of fascist shit lickers and is fully complicit in all of these violations to the constitution. They could have impeached him weeks ago for setting up DOGE or enacting tariffs without congressional approval, instead they sit back and act like they can do nothing.
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.
I am looking forward to the "Trump Firing Range" activity center at the Nuremburg Museum. With an airsoft gun, you get to shoot wax dummies of Trump, Vance, Thiel, Musk, and other conservative critters. If you are a good marksman, you win prizes, such as a Golden Visa that is worth $10 bucks as a curio of a fallen nation.
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?