3 ms·

That’s why he’ll start selling 1 million golden visas at 5m each, meaning 5T. Add 1M btc at $2M per piece, and he cut 20% of the national debt :)

ceejayoz 2y ago
We already have investor visas. $1Mish gets you in. ~10k/year issued. It seems unlikely raising the price 5x will increase demand 100x.
- jbverschoor 2y ago
  Key difference is that you won’t be taxed on foreign assets
deleted 2y ago
[deleted]
stego-tech 2y ago
…that’s not how any of this works, and we’re tired of having to entertain this sort of sycophant idiocy that ignores basic maths and statistics. But just to drop the mic for anyone scrolling past your comment and thinking it has merit, let me make it clear why your taste in boot leather is disgustingly banal. 1) There’s an estimated 65 million millionaires on Earth. Let’s be super generous and say that 60 million of those have a net worth of at least $10mil USD, which would make the $5mil “golden visa” a viable investment without bankrupting them. 2) Now we deduct around 25 million people from that number, because that’s how many millionaires America is estimated to have. Now your audience is down to just 35 million people 3) Of those numbers, they’ve likely had multiple years to consider investing into the prior “golden visa”, which would’ve been achievable with about $100k. They did not apply, so it stands to reason they were not interested. So now our theoretical customer base is 0 people. 4) Now let’s consider newly-minted millionaires, say the AI and Quantum griftos. Being incredibly generous, let’s keep the same ratio as above, of 2/3rds being outside the USA. We’re now figuring, what, a million people? Tops? 5) Except, just like the crypto griftos, these people are likely to have a distrust of democratic institutions and regulations. So they’re unlikely to have begun the visa process beforehand at the lower rates, and now have to gauge the value of a US visa at $5m instead of $100k. 6) Factoring the increased costs of housing, healthcare, staples, and essentials, it’s highly unlikely they’d consider America as a viable destination over other, cheaper, more stable countries - like Switzerland. But being generous again, let’s say 250k people think yeah, America is where I want to be. 7) Except they can just buy property and visit on a tourist visa for less, keeping their main base elsewhere. They don’t have to migrate. So let’s cut that down to 50k who see the value in migrating, and can afford it, and can eat the higher costs of living in the USA, and can stomach the increased polarization and instability. 50k * 5mil = $250bn, or about a third of the defense budget. For one fiscal year. They're lying to your face, and you need to accept that.
- jbverschoor 2y ago
  Sure, 1M is a bit hyperbole, although nobody mentioned a timeline.

ceejayoz 2y ago

We already have investor visas. $1Mish gets you in. ~10k/year issued. It seems unlikely raising the price 5x will increase demand 100x.

jbverschoor 2y ago
Key difference is that you won’t be taxed on foreign assets

deleted 2y ago

[deleted]

stego-tech 2y ago

…that’s not how any of this works, and we’re tired of having to entertain this sort of sycophant idiocy that ignores basic maths and statistics. But just to drop the mic for anyone scrolling past your comment and thinking it has merit, let me make it clear why your taste in boot leather is disgustingly banal. 1) There’s an estimated 65 million millionaires on Earth. Let’s be super generous and say that 60 million of those have a net worth of at least $10mil USD, which would make the $5mil “golden visa” a viable investment without bankrupting them. 2) Now we deduct around 25 million people from that number, because that’s how many millionaires America is estimated to have. Now your audience is down to just 35 million people 3) Of those numbers, they’ve likely had multiple years to consider investing into the prior “golden visa”, which would’ve been achievable with about $100k. They did not apply, so it stands to reason they were not interested. So now our theoretical customer base is 0 people. 4) Now let’s consider newly-minted millionaires, say the AI and Quantum griftos. Being incredibly generous, let’s keep the same ratio as above, of 2/3rds being outside the USA. We’re now figuring, what, a million people? Tops? 5) Except, just like the crypto griftos, these people are likely to have a distrust of democratic institutions and regulations. So they’re unlikely to have begun the visa process beforehand at the lower rates, and now have to gauge the value of a US visa at $5m instead of $100k. 6) Factoring the increased costs of housing, healthcare, staples, and essentials, it’s highly unlikely they’d consider America as a viable destination over other, cheaper, more stable countries - like Switzerland. But being generous again, let’s say 250k people think yeah, America is where I want to be. 7) Except they can just buy property and visit on a tourist visa for less, keeping their main base elsewhere. They don’t have to migrate. So let’s cut that down to 50k who see the value in migrating, and can afford it, and can eat the higher costs of living in the USA, and can stomach the increased polarization and instability. 50k * 5mil = $250bn, or about a third of the defense budget. For one fiscal year. They're lying to your face, and you need to accept that.

jbverschoor 2y ago
Sure, 1M is a bit hyperbole, although nobody mentioned a timeline.