I think it’s worth pointing out that “net worth” ≠ “liquid holdings”. I remember the first time I spoke to a financial advisor and he told me that they (UBS) had calculated our net worth at a little over $850k even though our savings were ~$10k and our monthly burn rate was just about 100% of our earnings. Their fuzzy math is ludicrous.
He thinks they'll just GIVE him money?
Submitted 1 month ago by PapaSkwat@lemy.lol to conservative@lemmy.world
https://lemy.lol/pictrs/image/b7e7408c-e0d9-47c3-9860-6f7fe4a8e12c.jpeg
Comments
JoMiran@lemmy.ml 1 month ago
Tikiporch@lemmy.world 1 month ago
I, personally, include my mom’s Ty Beanie Babies™ collection in my net worth as I will one day inherit this vast menagerie.
The_Helmet_Stays_On@lemmy.dbzer0.com 1 month ago
Why would some one give their life savings to be a poor US citizen when they could be rich somewhere else.
Limonene@lemmy.world 1 month ago
$10M is ridiculous. For $100k-$500k, you can buy citizenship in several countries that are better to live in than the US is in 2025.
Professorozone@lemmy.world 1 month ago
Where did you get $10M? Did he already up the price? He does that you know.
DMCMNFIBFFF@lemmy.world 1 month ago
Perhaps he knows he’s pulling numbers out of the air; but the MAGAts nod in agreement.
Presumably to many of those 2 million, $5 million is quite an investment;
nor, IIUC, is it citizenship, and as such, might still be liable for taxes in their own country.
Other countries might be offering better terms, such as Canada, Mexico, UK, or EU members.
kewko@sh.itjust.works 1 month ago
US is the only country that charges income taxes on income in other countries so yeah… I’m sure all those millionaires can’t wait to pay USA taxes for some reason
AbsolutelyNotAVelociraptor@sh.itjust.works 1 month ago
This.
He probably knows (PROBABLY) that the numbers don’t add up. But he also knows that magats are not the smartest creatures, so they will believe anything their dear leader says, even if it’s a plain lie.
kryptonianCodeMonkey@lemmy.world 1 month ago
Also, can you imagine the effect on the market of increasing the population by 3 percent and absolutely none of them contribute anything to the production of this country? They are all either costing off of their investment portfolios or running companies in other countries. They would be parasites on the system.
Btw, big numbers are hard to visualize. So for context of how big a population increase 10 million people would be all at once… If they put all of those rich fucks into a hypothetical new 51st state, it would be the 11th biggest state by population. They could build a new equally big and densely populated New York City (8.2 million people) filled to the brim with non-contributing fat cats, and form the remainder in 40th largest state. If they formed a country, they would be more populated than Greece.
Trump is talking about absorbing the population of entire countries. And not the kind of people that will work in fields and factories and pay taxes and contribute to their new home. No. These are the kind of people that will just consume and extort and lobby for more money and power for themselves. This is a nightmare scenario.
Todd_cross@lemmy.dbzer0.com 1 month ago
No, see they’ll make jobs. Rich people means more jobs! /s
TheFriendlyDickhead@lemm.ee 1 month ago
Well to be fair, rich people consume a lot, which is in itselfe good (from a pure capitalistic viewpoint). The only thing is that you still need enough people to actually produce stuff. Funnily enough trump is kicking a lot of cheap workers out of the country
CitizenKong@lemmy.world 1 month ago
Since they are surrounded by billionaires and multimillionaires they don’t realize how few of them there are. They are not the 1 percent, they’re the 1 percent of the 1 percent.
Professorozone@lemmy.world 1 month ago
Ok so I checked these numbers and they don’t seem to line up. According to Equity Atlas there are about 3.28M Americans with a net worth of $5M. According to credit-suisse.com/…/global-wealth-report.html there are 8.4M people worldwide with a $5M net worth. So 8.4-3.28=5.12. So 5.12M x $5M=$25.6T.
I’m just using the logic presented here. Of course, that would require every single person on the planet with a net worth (not disposable cash) to actually buy one of these visas. If you assume actually 1% of these people did this, and I think that’s probably a high number, then we are talking $256B.
I’m not trying to defend Donald Trump here, but I don’t want to be one of those people who only immerses himself in liberal media and swallows everything they say as true just because it supports my opinion. That would make me the same as them.
I’m guessing the reality is closer to the original post. I’d be surprised if more than a small handful of people actually did this and that doesn’t forgive the horrible idea-made-real that citizenship is for sale, that only rich people are welcome here, that they are better than common people and all of the other reasons this whole thing is tasteless.
humanspiral@lemmy.ca 1 month ago
There’s about 300k people outside the US with net worth of $30M+, which is a reasonable estimate from someone who can get the tax break advantages associated with gold card to come live in this shithole.
Krik@lemmy.dbzer0.com 1 month ago
- Rob a bank, sack 10 million.
- Travel to USA, buy a gold card.
- Be safe and spend 5 million because the US won’t extradite an American. :D
You need to be fast, though.
crmsnbleyd@sopuli.xyz 1 month ago
You don’t become a citizen after getting this card, which is what’s so funny about it
doingthestuff@lemy.lol 1 month ago
Banks don’t keep much cash these days. They don’t want the population to be able to liquidate and leave their system of control. You’re not finding a bank with 10 million unless you pull a heist with inside Intel on when they’re moving a large chunk of cash.
meyotch@slrpnk.net 1 month ago
I was fast. Maybe too fast. Can anyone give me a ride to the airport?
philluminati@lemmy.ml 1 month ago
We simply let people poor people take out massive loans. Once in the land of opportunity they can make it all back again immediately.
billwashere@lemmy.world 1 month ago
It’s probably even less than that since who’d want to spend their entire net worth on this. You’d likely need more like a net worth of $50 million to be able to afford this. And of those who’d be willing to do it, especially right now. I’m guessing there would be less than 100k.
emeralddawn45@discuss.tchncs.de 1 month ago
Oh my god, “gold card visas”. I literally thought he was talling about selling credit cards for a second. Either way this is stupid as hell.
qarbone@lemmy.world 1 month ago
I think this probably betrays how he’s always tamped down his debts.
By money laundering. Getting someone(s) to pay big on something not worth the price at a suspicious and unreasonable scale.
SplashJackson@lemmy.ca 1 month ago
What the fuck is this meme even saying?
Skullgrid@lemmy.world 1 month ago
it’s a parody of shitty, badly calculated political posts
Rusty@lemmy.ca 1 month ago
I’m pretty sure there’s more than 2 million people with net worth of 5 million dollars in Canada alone as the average household net worth is more than 1 million CAD (0.7 million tariff dollars)
SplashJackson@lemmy.ca 1 month ago
Ope, I didn’t realize it was a parroty, I once again have the brain of a squirrel and the fingers of a chicken
Windex007@lemmy.world 1 month ago
A lot of people will find themselves on the unpleasant side of gentrification. You think you’re priced out of the housing market now?
drislands@lemmy.world 1 month ago
He should just pull his visas up by their bootstraps!!
figjam@midwest.social 1 month ago
I love how he telegraps his lies. “Which is possible,” means that it is not possible and people have told him that. “People are saying” means that it is something no one is saying or has said before it came out of his mouth.
MutilationWave@lemmy.dbzer0.com 1 month ago
Don’t forget “nobody ever knew” = I just found out. Usually something basic.
Droechai@lemm.ee 1 month ago
“Nobody knew it was this complicated” is a line I remember, not sure in what context it was sadly
jonne@infosec.pub 1 month ago
Yeah, he has a bunch of tells like that. “Like you wouldn’t believe” means it’s definitely a lie, “Nobody knew X” means “I didn’t know this thing everyone else knows until they explained it to me”.