#HowardLutnick is claiming he has sold 1,000 permanent US residence permits for $5 million each (Trump's "Gold Cards") to the world's wealthiest kleptocrats, oligarchs, and crypto bros (though he doesn't describe them that way).
note that these people will be able to live in the US but (unlike US citizens) will not have to pay taxes on their foreign income.
you should expect america's billionaires to start "emigrating" to other countries and "coming back" as Gold Card holders for tax reasons.
#kleptocracy #uspol #eupol #kakistocracy #broligarchy #broligarchs #corruption #MAGA #immigration #ICE #DHS
@cryptadamist When you give up US citizenship, the gov't requires you to pay taxes on unrealized capital gains. That's what got Roger Ver in trouble. I wouldn't suspect this will lead to much change due to that.
@freeagent yeah i am being a bit glib/reductive about my prediction but give them time. they're already talking constantly about eliminating capital gains on crypto entirely.
@freeagent btw i doubt Roger Very is going to be in trouble for much longer
@cryptadamist Interesting.