4 ms·

No law required ? Is Executive order sufficient to create new visa categories ?

redeux 1y ago
The question isn’t “is this legal,” it’s “will anyone stop him.” Though in the end the answer to both is likely the same.
- ty6853 1y ago
  If it can be created by fiat, it can be destroyed by fiat. This is the danger of most residency and citizenship by investment programs.
unsnap_biceps 1y ago
it's beyond just new a visa, it's also changing tax code. > Lutnick told the hosts of the All In show, was to allow people to purchase the right to live in the United States and pay taxes only on their income earned in the country. That's a huge tax policy change. Currently, my understanding is that as a citizen, you pay taxes on all income, regardless of where it comes from. You get credits for taxes paid to other governments, but if they charge less then the US would, you pay the difference.
- Terr_ 1y ago
  So it's not just immigration fraud, but also tax evasion...
- actionfromafar 1y ago
  Ah, but you see, these are VIP citizens. They are more equal than the other animals.
- b112 1y ago
  A VISA doesn't mean you are a citizen.
  - actionfromafar 1y ago
    Being a Trump Card Holder may in the future become even better than being a citizen! How about even more, positive rights such as Judicial Express Review and deport override (at an extra fee, of course). The Platinum category gets permanent access to lawmakers offices.
    - ty6853 1y ago
      One of my main complaints about the US is that basically corruption is less democratized, unlike a lot of places where it can be bought for a pittance. Trump bringing the bribery and corruption to the level of the common millionaire would be an invigorating breath of life into more equal opportunities usually reserved for billionares.
      - financetechbro 1y ago
        This is the trickle down economics we’ve been waiting for. Reagan was right all along!
- fallingknife 1y ago
  Paying $5 million to get a visa and then paying taxes on whatever assets and income they bring with them seems like a great deal for the US because the foreign income never would have been taxed by the US anyway if they hadn't got the visa. Why get greedy and demand taxation on all their income when this could lose us a the opportunity for a very profitable deal?
  - greatgib 1y ago
    But is it fair that a foreigner can buy the state and profit of rules different than the country own citizens? Let's push the concept further, if I'm a rich american citizen, that I leave the country and give up my nationality and then comes back with the trump gold card that I bought to profit of more interesting taxes conditions. Would it be fair?
    - mandmandam 1y ago
      Giving up US citizenship incurs a large exit tax, so that doesn't quite work. Then again, give Trump a million for his 2028 campaign (am I kidding?) and who knows what could happen.
    - fallingknife 1y ago
      Rich expats who hold visas and reside in a foreign country but don't pay taxes to that foreign country on their assets held back home is actually a very common thing around the world. This is encouraged because having rich people show up in your country and spend a lot of money is actually quite beneficial. The outlier here is actually the US law that citizens pay taxes on income from outside the country. We are virtually the only country that does this. So in that sense I will agree with you that the unequal treatment is unfair, but it is the treatment of US citizens that is out of the ordinary, not the treatment of the Trump visa holders.
      - thaumasiotes 1y ago
        Having those visa rules in place would smooth a path to reforming the taxation of citizens.
fallingknife 1y ago
Like it or not this is basically how the US is run these days. Congress has ceded its power to the executive branch. Almost everything now is done by bureaucratic degree and executive order.

The question isn’t “is this legal,” it’s “will anyone stop him.” Though in the end the answer to both is likely the same.

ty6853 1y ago
If it can be created by fiat, it can be destroyed by fiat. This is the danger of most residency and citizenship by investment programs.

unsnap_biceps 1y ago

it's beyond just new a visa, it's also changing tax code. > Lutnick told the hosts of the All In show, was to allow people to purchase the right to live in the United States and pay taxes only on their income earned in the country. That's a huge tax policy change. Currently, my understanding is that as a citizen, you pay taxes on all income, regardless of where it comes from. You get credits for taxes paid to other governments, but if they charge less then the US would, you pay the difference.

Terr_ 1y ago
So it's not just immigration fraud, but also tax evasion...
actionfromafar 1y ago
Ah, but you see, these are VIP citizens. They are more equal than the other animals.
b112 1y ago
A VISA doesn't mean you are a citizen.
- actionfromafar 1y ago
  Being a Trump Card Holder may in the future become even better than being a citizen! How about even more, positive rights such as Judicial Express Review and deport override (at an extra fee, of course). The Platinum category gets permanent access to lawmakers offices.
  - ty6853 1y ago
    One of my main complaints about the US is that basically corruption is less democratized, unlike a lot of places where it can be bought for a pittance. Trump bringing the bribery and corruption to the level of the common millionaire would be an invigorating breath of life into more equal opportunities usually reserved for billionares.
    - financetechbro 1y ago
      This is the trickle down economics we’ve been waiting for. Reagan was right all along!
fallingknife 1y ago
Paying $5 million to get a visa and then paying taxes on whatever assets and income they bring with them seems like a great deal for the US because the foreign income never would have been taxed by the US anyway if they hadn't got the visa. Why get greedy and demand taxation on all their income when this could lose us a the opportunity for a very profitable deal?
- greatgib 1y ago
  But is it fair that a foreigner can buy the state and profit of rules different than the country own citizens? Let's push the concept further, if I'm a rich american citizen, that I leave the country and give up my nationality and then comes back with the trump gold card that I bought to profit of more interesting taxes conditions. Would it be fair?
  - mandmandam 1y ago
    Giving up US citizenship incurs a large exit tax, so that doesn't quite work. Then again, give Trump a million for his 2028 campaign (am I kidding?) and who knows what could happen.
  - fallingknife 1y ago
    Rich expats who hold visas and reside in a foreign country but don't pay taxes to that foreign country on their assets held back home is actually a very common thing around the world. This is encouraged because having rich people show up in your country and spend a lot of money is actually quite beneficial. The outlier here is actually the US law that citizens pay taxes on income from outside the country. We are virtually the only country that does this. So in that sense I will agree with you that the unequal treatment is unfair, but it is the treatment of US citizens that is out of the ordinary, not the treatment of the Trump visa holders.
    - thaumasiotes 1y ago
      Having those visa rules in place would smooth a path to reforming the taxation of citizens.

fallingknife 1y ago

Like it or not this is basically how the US is run these days. Congress has ceded its power to the executive branch. Almost everything now is done by bureaucratic degree and executive order.