• @limer@lemmy.dbzer0.com
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      024 days ago

      And 5 million today is only half a million in purchasing power two generations ago. And even less three generations ago.

      So basically we are talking about middle class as it used to be defined. Problem in the USA is, very few people now have this money; so quite rightly it seems out of reach for many

  • @frazw@lemmy.world
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    024 days ago

    Firstly, does he really think it’s going so great over there that wealthy people think it’s worth $5M to get in? More likely they will just wait for the fire sale and buy up the land cheap.

    Second if you have 5 mil, do you need to go there for work?

  • @aseriesoftubes@lemmy.world
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    024 days ago

    “Who is the first buyer?” one of the reporters asked.

    “Me,” Trump quipped.

    “The second?” the reporter pushed on.

    “I don’t know, but I’m the first buyer. It’ll be out in … less than two weeks. Pretty exciting, right?” the president asked.

    First of all, why would he be the first buyer of an express residency card when he’s already a citizen? Fucking moron.

    Second, “it’s happening in two weeks” is Trumpspeak for “it’s literally never going to happen.”

    • bean
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      024 days ago

      Well, my first thought was that he did it to cover Melania 😂

    • sp3ctr4l
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      24 days ago

      Residual salesman brain.

      Trump: I am awesome, I bought this thing, it is awesome, you will be awesome if you buy it too.

      It bears no relationship to … making any kind of sense, because it is literally a hustle, a psychological manipulation tactic.

      He is just saying salesman words, meant to encourage buy in.

      Has no relation to reality, the truth, making sense, etc.

      … But, it works on rubes, dullard marks, cult members, weak willed / low self esteem people with decent reliability.

      These are just more Trump University or Trump Steaks to him.

    • don
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      024 days ago

      Why would the president of the United States even need to or care about buying his own residency card?

      In case he accidentally revokes it, because he’s a senile fucking moron.

      • @sporkler@lemmy.world
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        024 days ago

        He could wake up tomorrow in a Venezuelan prison form ‘accidently’ being deported, since he made it so that’s a thing now

      • GretaAintNoFlowerChild
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        024 days ago

        As is his proclamation that April is Child Abuse Prevention Month, and then goes on to ONLY talk about trans kids.

      • @ricecake@sh.itjust.works
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        024 days ago

        Don’t give him so much credit. Everything he does is credited as an intentional distraction from whatever it is that he just did.

        • @samus12345@lemm.ee
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          024 days ago

          Yeah, it’s pretty tiresome. “This is a distraction!!!” No, literally everything he does is a horrible mess and he just keeps doing more.

        • @EightBitBlood@lemmy.world
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          023 days ago

          Yep. There’s this strategy called “pump and dump.” It’s often used by the wealthy to inflate stock prices before cratering them to buy at discount.

          Idiots like you see line go up for a while, and think:

          • I’ll buy at a discount as it falls

          Instead of noticing the “pump” part of the scheme, also visible in your image.

          Unless you want to point to some economic windfall happening between 2022 and 24 that explains all that growth, it is very likely from downsizing, buybacks, and off market darkpool price manipulation. (Which now happens regularly these days with every blue chip stock around 5pm).

          Historically, Tariffs lead to a recession in 1830 (15% Tariffs), a Depression in 1930 (20% Tariffs), and now with a 40% plus Tariffs on basically everything, we are likely to see the complete disembowlment of the US Dollar and all the market dominance we built with it.

          You better get your completely misplaced premature celebration out now, because you are going to be eating crow the rest of this year, and far into the future. There’s no amount of bullshit Trump spin that will bring our markets back. We are unquestionably fucked.

          I will gladly check back here in 8 months to provide an updated chart, seeing as you will certainly be too embarrassed to do so.

      • @ripcord@lemmy.world
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        023 days ago

        He’s not faking being a citizen. He’s faking being self-aware. He barely has a clue wtf he’s talking about at any given time. That’s all.

    • @tomi000@lemmy.world
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      024 days ago

      “24h” was equivalent to “maybe during this term”, so 2 weeks could mean within the next 2 decades

  • hopesdead
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    024 days ago

    Ah yes, pay $5m to live where other people get deported despite their legal status. Only a fucking moron will get one.

    • @Not_mikey@slrpnk.net
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      023 days ago

      You’re just mad trump discovered an infinite money glitch for government revenues. Sell someone a visa for $5 mil, kick them out for no reason because you can, make them pay another $5 mil to come back, rinse and repeat.

  • Avid Amoeba
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    24 days ago

    Doesn’t make sense. This should obviously be an NFT. Did the intern they tasked with this not know how to setup a new memecoin?

  • IninewCrow
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    024 days ago

    Every time stuff like this happens … it doesn’t change how people feel about Turnip

    Every time stuff like this happens … I think about how stupid the American people are. They have a clown for a leader, running the country like a circus for sale and they put up with it every time.

  • @dhork@lemmy.world
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    24 days ago

    Why would anyone with that much money want to come here permanently, and get the IRS all up in their business? The US is the only large country that taxes its citizens on their worldwide income (edit: regardless of residency status)

    Yes, I know Republicans are always interested in reducing taxes on the rich, but right now these hypothetical rich people who want to come here have zero tax liability. All that $5m does is subject them to intrusive questions about where they are making their money every year when they file taxes.

    • @CaptDust@sh.itjust.works
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      24 days ago

      Good news for rich people, this article says they won’t be taxed like a citizen

      Unlike American citizens, gold card holders will not have to pay taxes to the U.S. government on their overseas income.

      Their source is CNBC

      • @dhork@lemmy.world
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        024 days ago

        Shit, that is a good deal, then. And probably exceeds Trump’s authority in what the can offer, but when has that stopped him before?

      • @notabot@lemm.ee
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        024 days ago

        That probably explains why he wants to buy one despite being a citizen already. I’d guess he thinks it’ll mean he wont be taxed on overseas income either. Figuring out whether he’s currently paying any, and if so how much is left as an exercise for the interested reader.

    • @n2burns@lemmy.ca
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      024 days ago

      The US is the only large country that taxes its citizens on their worldwide income.

      That’s untrue. As a Canadian, I know we do, and I believe we’re far from alone. I don’t know why people keep perpetuating this myth.

        • @n2burns@lemmy.ca
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          024 days ago

          Sure, that’s completely true but unrelated to what you said in your original comment. I quote:

          Why would anyone with that much money want to come here permanently

          You were not talking about non-resident citizens, so stop moving the goalposts.

          Plus, the US has one of the lowest tax rates of any of those “large countries” you talked about. So unless a US citizen resided in a country without a tax treaty with the US (there’s not many of them), they’re almost certainly being charged enough tax in their resident country that they pay $0 to the IRS on non-USA income.

          • @dhork@lemmy.world
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            24 days ago

            I was talking about non-residents, that’s why I edited the comment. Resident non-citizens presumably have jobs here, and are already paying tax.

        • @dan@upvote.au
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          24 days ago

          the US will.

          But there’s a US$130,000 exemption (the “foreign earned income exclusion”) and tax treaties with many countries, so not many people actually need to pay extra tax to the USA. Realistically, the only time you need to is if you earn more than US$130k and the country you live in has a lower tax rate than the USA.

          What hurts much more is the “exit tax” when you leave the USA (as a green card holder after 7 years) or renounce your citizenship.

          • @dhork@lemmy.world
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            024 days ago

            I’m assuming if someone had $5m just lying around to buy citizenship, their income is well beyond the $130k exemption

  • modifier
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    024 days ago

    This is our actual present reality, people. Resist the urge to look away, it will still be there.

    Holy fuck.