Chamath on Trump's Gold Card: "I love that. If I had to do it again, I would have spent $5M bucks."
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Episode Description
Full episode: https://youtu.be/Of-qGF1YsgI
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Brief Summary
The episode discusses Trump's $5 million Golden Visa proposal and its implications for non-American founders.
Key points
- Selling Citizenship for $5 Million. A controversial proposal by Trump to sell green cards for a hefty price.
- Tax Benefits for Foreign Assets. Trump's proposal includes no taxes on foreign assets for new citizens.
Transcript
what do you guys think about the golden Visa I love that I literally tweeted like six months ago you know we should 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 million for basically a green card you get to live here permanently I will predict that within the next few months after this gets announced you are going to hear about Founders taking 5 million of secondary in a round to make sure that if they are non-americans to get their visas and Donald Trump said that you would not have to pay any tax on foreign assets if I had to do it again and this was available to me I would have spent 5 million bucks
