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Chamath on Trump's Gold Card: "I love that. If I had to do it again, I would have spent $5M bucks."

March 02, 2025 / 00:39

This episode discusses the proposed Golden Visa program by Donald Trump, which suggests selling U.S. citizenship for $5 million. The conversation includes opinions on the implications of this program for non-American founders and potential tax benefits on foreign assets.

Participants express their views on the high cost of the visa and predict that many founders may consider investing in it to secure their residency in the U.S. The discussion highlights the financial motivations behind such a program and its potential impact on the startup ecosystem.

Trump's proposal is compared to earlier suggestions of selling citizenship for $500,000, emphasizing the significant increase in the required investment. The conversation raises questions about the ethics and practicality of selling citizenship.

TLDR

The episode discusses Trump's $5 million Golden Visa proposal and its implications for non-American founders.

Episode

0:39

00:00:00

what do you guys think about the golden Visa I love that I literally tweeted like six months ago you know we should

00:00:05

just sell citizenship for $500,000 a pop and he added a zero the way this is proposed by Trump and letnik is it's $5

00:00:13

million for basically a green card you get to live here permanently I will predict that within the next few months

00:00:19

after this gets announced you are going to hear about Founders taking 5 million of secondary in a round to make sure

00:00:26

that if they are non-americans to get their visas and Donald Trump said that you would not have to pay any tax on

00:00:33

foreign assets if I had to do it again and this was available to me I would have spent 5 million bucks

Episode Highlights

Selling Citizenship for $5 Million
A controversial proposal by Trump to sell green cards for a hefty price.
“We should just sell citizenship for $500,000 a pop.”
@ 00m 05s
March 02, 2025
Tax Benefits for Foreign Assets
Trump's proposal includes no taxes on foreign assets for new citizens.
“You would not have to pay any tax on foreign assets.”
@ 00m 30s
March 02, 2025

Episode Quotes

You would not have to pay any tax on foreign assets.
Chamath on Trump's Gold Card: "I love that. If I had to do it again, I would have spent $5M bucks."
I would have spent 5 million bucks.
Chamath on Trump's Gold Card: "I love that. If I had to do it again, I would have spent $5M bucks."

Key Moments

Trump's Proposal00:10
Predictions on Founders00:17
Tax Benefits Revealed00:30