They will not have to pay taxes on their foreign holdings. Russian oligarchs will snap these ups. This is the kind of tax breaks that turned London into Londongrad in the 90s, ripe with Russian money laundering. It took a lot of work to crack down on it.
Any wealthy individual interested in getting a US Green Card can simply use the EB-5 Immigrant Investor Program, which was created by our U.S. Immigration and Citizenship Services back in the 1990s, instead.
Even if the fascist republican cowards in the senate won’t stand up for America, there should STILL be articles of impeachment against traitor trump. FIGHT LIKE UKRAINIANS, Democrats!!!
Why are we offering the world’s rich such a bargain, but the American poor must sustain cut after cut in the programs they paid for with their taxes? The American dream has been dying for years, this is lighting the corpse to roast marshmallows.
"It is illegal to charge for citizenship in the United States; federal law (18 U.S. Code § 1422), knowingly demanding, collecting, or receiving fees beyond those authorized by law in relation to naturalization or citizenship proceedings, punishable by a fine / imprisonment up to five years."
a big fan of your work @crampell.bsky.social - so sorry about the WaPo going to hell... but yeah, the "gold card" should have been called out by every decent person (and media outlet) the moment he dropped it.
That's going to piss off the billionaires already here when they have to pay taxes that new comers don't. Can't wait to see them crying about billionaire immigrants taking their jobs.
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Any wealthy individual interested in getting a US Green Card can simply use the EB-5 Immigrant Investor Program, which was created by our U.S. Immigration and Citizenship Services back in the 1990s, instead.
https://www.uscis.gov/working-in-the-united-states/permanent-workers/eb-5-immigrant-investor-program
tax break for wealthy; means you make up the difference or your children do... (debt)