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The Gold Card
- esarbe 1y ago[flagged]
- mcherm 1y agoNo. *I* did not. I (and many others) campaigned vigorously against it.
- gryfft 1y agoThe fact that we did, the fact that we have consistently been right about everything, and that we still lost, will all continue to provide grand amusement and deep satisfaction to the victors as they proceed to crush us. What could be sweeter than such a perfect exercise of Power?
- pixelpoet 1y agoTwice; the first time wasn't enough.
- ChocolateGod 1y agoIf I lived in the US I probably of just not voted at all.
- sneak 1y agoQuite the opposite. More people opted not to vote than voted for any specific candidate. I think that if the candidates can’t get a majority of the population to vote for them (not just a majority of the voters), the office should remain vacant.
- tchbnl 1y agoExcuse me? I voted twice against him.
- ndsipa_pomu 1y agoPlease don't use that word as it's highly offensive
- flowerthoughts 1y agoVoter turnout was 64%. Trump got 49.8% of the votes compared to 48.3%. https://en.wikipedia.org/wiki/Voter_turnout_in_United_States_presidential_elections https://en.wikipedia.org/wiki/Voter_turnout_in_United_States..., https://en.wikipedia.org/wiki/2024_United_States_presidential_election https://en.wikipedia.org/wiki/2024_United_States_presidentia...
- cjbenedikt 1y agoWords fail me.
- petesergeant 1y agoWhy? What do you think the negative effects will be?
- carlosjobim 1y agoMost western countries have had these kind of visas for sale for decades. Nothing new or special.
- cjbenedikt 1y agoAgreed. But why call it "donation"? Makes it sound sleazy. The $100k for H1-B aren't called "donation".
- carlosjobim 1y agoYeah, it is very strange wording indeed.
- throw0101a 1y agoWhen to elect a 1980s New York real estate developer into high office, don't be surprised when he views the entire world through a transactional lens (generally zero sum).
- baybal2 1y ago[dead]
- Findeton 1y agoWhenever there's a transaction, that means that both parties give a different value to whatever is exchanged. For example, when you buy a home, the buyer prefers the house to the money and the seller prefers the money to the house. If this wasn't the case, the transaction just wouldn't take place. So transactions are the opposite of a zero-sum game, they are a win-win game, where both parties end up winning. Because value is subjective.
- sgerenser 1y agoSo did someone talk him back from calling it the Trump Card? https://trumpcard.gov/ https://trumpcard.gov/
- a_ba 1y agoL'État, c'est moi https://en.m.wikipedia.org/wiki/L%27%C3%89tat,_c%27est_moi https://en.m.wikipedia.org/wiki/L%27%C3%89tat,_c%27est_moi
- VladStanimir 1y agoDoes not sound that differend from the EB-5 Immigrant Investor Visa the US already has except for the fact that you gift the money to the feds instead of investing it in a company with 10 employees.
- gdbsjjdn 1y agoEB-5 requires a million dollar investment that creates 10 jobs for 2 years. There's also documentation of the source of the funds. 1 million dollars seems exceptionally cheap for a US resident visa with no strings attached. In Canada some provinces have a similar process where you can run a business for a year and apply for permanent residency. In my city there were a bunch of weird little, clearly unprofitable franchises - bubble tea was one for a long time - where the owner was basically running it at a loss to buy citizenship. It seemed to require a little more commitment to the community and effort than just handing over a big bag of cash. They've discontinued it in Ontario now, which has probably contributed to the glut of unoccupied commercial real estate.
- deleted 1y ago[deleted]
- rauljara 1y ago“Sec. 2. The Gold Card. (a) The Secretary of Commerce, in coordination with the Secretary of State and the Secretary of Homeland Security, shall establish a “Gold Card” program authorizing an alien who makes an unrestricted gift to the Department of Commerce under 15 U.S.C. 1522 (or for whom a corporation or similar entity makes such a gift) to establish eligibility for an immigrant visa using an expedited process, to the extent consistent with law and public safety and national security concerns. The requisite gift amount shall be $1 million for an individual donating on his or her own behalf and $2 million for a corporation or similar entity donating on behalf of an individual” Calling it a “gift” somehow manages to add an extra level of ick in my mind.
- JohnFen 1y ago> Calling it a “gift” somehow manages to add an extra level of ick in my mind. Yeah, it's a gross lie. The "gift" is clearly a fee.
- southwindcg 1y agoThe 'r' in gift is both silent and invisible.
- KnuthIsGod 1y agoShould be named The Gold Big Beautiful Failed Democracy Card. On the front a picture of Trump. On the back pictures of George Washington and Abraham Lincoln weeping in despair at the sight of Neu Amerika.
- terminalshort 1y ago[flagged]
- mdorazio 1y agoEB-5 is intended to create businesses and jobs in the US as part of the process. This is just straight-up "give us money and we'll give you residency". On the other hand, it's not out of line with programs in other countries (ex. NZ's golden visa program)
- terminalshort 1y agoMost of those "investments" for EB-5 visas are really just shares in "businesses" that hold piles of money for the "investors." The payment straight to the treasury is both more honest and more revenue for the government. Jobs are created by economic demand, which rich people generate a lot of. So we get this either way.
- lancewiggs 1y agoNZ’s Active Investor Plus program is more like EB-5 than this. AIP requires that migrants invest their funds, not donate them. The Growth category requires fewer residency days and a NZ$5m (~US$3m) investment in “growth” companies or funds, including VC funds and companies that VC funds invest with. The Balanced category requires double the investment and has a wider range of asset classes, but also a longer duration and higher number of days of residency required.
- giraffe_lady 1y agoSomeone whose political instinct is to oppose anything trump does because they hate trump has been much more consistently correct, and a better predictor of the outcomes, than someone who has been trying to analyze each of his actions giving him the benefit of the doubt as a sincere actor each time.
- terminalshort 1y agoSounds good to me, but I think the price should be higher.
- petesergeant 1y agoWhy? Who do you think this will admit that a higher price would exclude, and why’s that a good thing?
- terminalshort 1y ago$1 million just seems cheap for permanent residence. If there were other requirements like bringing a certain amount of assets into the country with you to generate tax revenue on the income stream then I would also be ok with it.
- yazaddaruvala 1y agoIt’s likely designed to encourage taking out the capital as a loan. A lot more people around the world can then afford to send their kids or pay off their gold cards across a 10-15 year timeframe. *Obviously this depends on the income potential that is unlocked by having access to the U.S. workforce.
- A_D_E_P_T 1y agoNobody's loaning you money so that you can make a no-strings-attached gift, lol. Well, nobody sane, anyway.
- yazaddaruvala 1y agoI dunno, seems identical to a student loan. Which are only insane in the USA lol
- deleted 1y ago[deleted]
- 1y ago
- resonious 1y ago> My Administration has worked relentlessly to undo the disastrous immigration policies of the prior administration. Genuinely ignorant here, but historically speaking, is it normal for the president to bad-mouth the previous administration so openly and often? Especially in writing like this.
- terminalshort 1y agoGenerally, yes. As part of an executive order, no.
- le-mark 1y agoNo it really hasn’t been the norm outside the past 10 years or so. Historically the new administration gets a few months, then they own it.
- gryfft 1y agoI really do not believe this was the case before 45. One of the generally-agreed-upon criteria for presidential candidates was that they act "Presidential", which was understood to be a sort of universally unoffensive masculine stereotype? E.g. Before 2016 it would be unthinkable for the President of the United States to openly curse beyond a "TV-PG" way. As I recall, other Presidents might decry Congress etc. but would almost never out-and-out criticize the direct previous official actions taken by the office of the Presidency.
- mexicocitinluez 1y ago> Generally, yes. As part of an executive order, no. Huh? Can you offer a single example of this pre-Trump?
- docdeek 1y agoSome examples of Obama criticizing the Bush administration here: https://www.gbtribune.com/opinion/columnists/five-years-later-obama-again-blames-bush/ https://www.gbtribune.com/opinion/columnists/five-years-late...
- spacebacon 1y agoImagine if The Gold Card had an affiliate program.
- nunobrito 1y ago[flagged]
- noodlesUK 1y agoHonestly the “Gold Card” doesn’t worry me too much - the US has had investor visas for a long time. The related “Platinum Card” on the other hand makes me absolutely livid. It means that for $5 million, there’s a status available that is arguably better than US citizenship, granting 270 days of presence in the U.S., and exemption from US taxation. I am a U.S. citizen who spends <30 days per year in the U.S., and I can’t even open an ISA in the UK where I live due to the US’s global tax rules, let alone anything more complex. To have citizenship based taxation and then grant a special status to foreign wealthy individuals is a slap in the face of decency. 270 days in the U.S. is also long enough to become tax non-resident in whatever country you’re spending the other 90 days in, making it likely that you’d be tax resident nowhere.
- anotherhue 1y agoYes, this is the real announcement. Global tax free status without all the usual tricks. One easy payment!
- deleted 1y ago[deleted]
- ktosobcy 1y agohonest question to non-US folks - does anyone even consider moving to the USA at this point?
- petesergeant 1y agoSure, I’d move to the US for the right job and to the right place
- glimshe 1y agoI know literally dozens of people who would come even for an entry level job. I occasionally work as a volunteer assisting foreigners who want to work in the US tech industry. Also, anecdotally, a friend just immigrated from Scandinavia to the US 3 months ago. He's loving it and has no plans to go back despite the political situation. Most people are fairly isolated from the day-to-day political show. Life keeps going more or less the same across different presidents.
- theturtle 1y agoHe probably gets a commission on every freeloading, unneeded, parasitic billionaire he recruits. A million bucks? Should have made it a billion.
- TGower 1y agoThe double whammy of conflation with bribing immigration officers and being done by Trump will be hard to get past, but evaluating the policy on it's own it seems like a net positive. Everyone who uses this must really want to be here and a million bucks to spend on food stamps or medicaid is a pure win.
- emorning4 1y agoYou better think two or three or a thousand times before you buy one of these. Just this week we found a homeless and black guy swinging from trees.
- rediguanayum 1y agoThe implementation is at https://trumpcard.gov https://trumpcard.gov where it says a "$1 million contribution, receive U.S. residency". For "$5 million contribution, you [can stay in the US] without being subject to U.S. taxes on non-U.S. income". There was an earlier flagged article for that: https://news.ycombinator.com/item?id=45308778 https://news.ycombinator.com/item?id=45308778. Concurrent to this was the H1B Visa fees: https://news.ycombinator.com/item?id=45305845 https://news.ycombinator.com/item?id=45305845
- ChrisArchitect 1y agoEarlier: https://news.ycombinator.com/item?id=45308778 https://news.ycombinator.com/item?id=45308778