1000 Gold Cards

[Mik]

And yet Ax would be the first among us to state that the Constitution as it was written does not apply to today because well, today is DIFFERENT.

[xenon]

When did the law get passed in implemented? Real question?

Also, why buy a gold visa when you can get US permanent residency through an EB5? an eb5 lets you invest 800k dollars into a business in exchange for a green card.

Why would someone chose a gold visa over that?

[89th]

Headlines I guess?

Nutlick also said in that interview if they stopped social security payments no one would complain except fraudsters. He’s a sycophantic idiot that likes to regurgitate Musk.

[Axtremus]

@xenon said in 1000 Gold Cards:

When did the law get passed in implemented? Real question?

Not aware of any legal justification for the Gold Card being articulated by the administration.

Also, why buy a gold visa when you can get US permanent residency through an EB5? an eb5 lets you invest 800k dollars into a business in exchange for a green card.

Simply wiring $5 million into a designated government account vs. setting up a business and adhering to follow-up reporting requirements -- which one is easier, simpler, faster, more predictable?

[Horace]

@Axtremus said in 1000 Gold Cards:

Not aware of any legal justification for the Gold Card being articulated by the administration.

I believe the burden of legal justification would be on those who would claim it is illegal. There is no current law on the books stating "whatever Trump does is illegal", though my god-empress AOC is currently drafting such legislation.

[xenon]

@Axtremus said in 1000 Gold Cards:

@xenon said in 1000 Gold Cards:

When did the law get passed in implemented? Real question?

Not aware of any legal justification for the Gold Card being articulated by the administration.

Also, why buy a gold visa when you can get US permanent residency through an EB5? an eb5 lets you invest 800k dollars into a business in exchange for a green card.

Simply wiring $5 million into a designated government account vs. setting up a business and adhering to follow-up reporting requirements -- which one is easier, simpler, faster, more predictable?

Sure, but you get to keep your money with one and give it away in the other.

[Mik]

I'm pretty sure if you can afford the $5M without sweating it you'd be a pretty welcome immigrant.

[xenon]

What’s the point though, is my question, when the eb5 exists and you get to keep your money with it?

I’m asking from the immigrant’s perspective.

[Mik]

That's what I meant. I doubt the gold card would make you more desirable. Not sure what red tape it cuts.

[taiwan_girl]

@xenon said in 1000 Gold Cards:

What’s the point though, is my question, when the eb5 exists and you get to keep your money with it?

I’m asking from the immigrant’s perspective.

That was my question. There was already a process to get a permanent resident that also included creating jobs.

The new gold car does not mean there will be any jobs created. No need to do so.

[Axtremus]

@xenon said in 1000 Gold Cards:

I’m asking from the immigrant’s perspective.

Speed and predictability ... some people are willing to pay for those.

[xenon]

@Axtremus said in 1000 Gold Cards:

@xenon said in 1000 Gold Cards:

I’m asking from the immigrant’s perspective.

Speed and predictability ... some people are willing to pay for those.

Seems like a tiny market of people willing to give away $5m vs setting up even a crappy business with an administrator that would easily pass the $800k threshold.

I’m not saying you’re wrong… but someone would have to be in a pretty hurried, specific position for that. Or $5m for them is absolute chump change.

[Jolly]

I would think the latter.

[Horace]

Way easier and maybe in the long run cheaper than the 800k investment visa.

[Mik]

I suppose I don't really care why they do it. $5B is $5B.

[taiwan_girl]

But you can get a Nauru passport for only USD$100K!!! LOL

https://www.thetimes.com/world/australasia/article/nauru-sells-passports-for-100k-which-give-visa-free-entry-to-uk-m6vxvkmxv

In 2025, the island country of Nauru, located in the South Pacific between the Solomon Islands and Marshall Islands, launched its new passport scheme, allowing people to purchase citizenship through investment. It's the destination's way of raising as much cash as possible to move many of its 12,000 citizens to higher ground as the coastal areas of the eight-square-mile island are getting ravaged by erosion due to climate change. Additionally, large swaths that were once used to mine phosphate deposits (an ingredient in fertilizer) have both dried up and made some 80 percent of the land uninhabitable

[xenon]

@Mik said in 1000 Gold Cards:

I suppose I don't really care why they do it. $5B is $5B.

I don’t know if there actually is that much demand for it. There is no gold visa that exists right now. Congress needs to pass it first. Lutnick just talking shit.

[Horace]

@xenon said in 1000 Gold Cards:

@Mik said in 1000 Gold Cards:

I suppose I don't really care why they do it. $5B is $5B.

I don’t know if there actually is that much demand for it. There is no gold visa that exists right now. Congress needs to pass it first. Lutnick just talking shit.

Is a new style of visa something that congress needs to pass?

[xenon]

Yes. It’s supposed to replace eb5. It needs to be done by Congress. Also it’s supposed to come out mid-March.

[xenon]

Wait - Lutnick says they already sold 1000. How’d they do that without the program existing?