I thought about this last night. How many people in the world can shill out 5 million dollars? It's not like we're talking about people with net worth of 5 million dollars. It's going to be a range of people between "is that a lot of money?" and "I can still be comfortable after shilling out for it"
And is it for one person? Or 5 mill gets you and your wife and kids over as well?
Let's say that's 350,000 based on report, and we bump that up to 500k since it's 2025, and then we assume they're wrong and we double it to a million. Multiply that by 10 for family with access to people with that kind of wealth.
That's 10 million people who can afford it without factoring in companies and corporations.
I just don't see any more than 1-2 million people signing up for this and I would go even as low as 250k in the first year, after maybe 50-100k initial rush to apply.
But what the fuck do I know? I just think 10 million is impossibly optimistic.
I would love 5 million gold card visas being issued. If he were smart he would cap it at a number thought up by a brain trust to give it that fomo. And you get a NFT of your visa for free!
are you talking about the EB-5 Program? Or was there something else that was for a limited time? Because EB-5 is not even $1.8M for the card, you have to "invest" it into a business, ripe for exploit, and without research I'd imagine you can circle jerk the same wealth to the next of kin over and over after you get your permanent residents papers.
I thought about this last night. How many people in the world can shill out 5 million dollars? It's not like we're talking about people with net worth of 5 million dollars. It's going to be a range of people between "is that a lot of money?" and "I can still be comfortable after shilling out for it"
And is it for one person? Or 5 mill gets you and your wife and kids over as well?
According to The Wealth Report, published by Knight Frank in 2021, there are more than 520,000 (with net worth of 30 million or more), a third live in the US
Let's say that's 350,000 based on report, and we bump that up to 500k since it's 2025, and then we assume they're wrong and we double it to a million. Multiply that by 10 for family with access to people with that kind of wealth.
That's 10 million people who can afford it without factoring in companies and corporations.
I just don't see any more than 1-2 million people signing up for this and I would go even as low as 250k in the first year, after maybe 50-100k initial rush to apply.
But what the fuck do I know? I just think 10 million is impossibly optimistic.
I would love 5 million gold card visas being issued. If he were smart he would cap it at a number thought up by a brain trust to give it that fomo. And you get a NFT of your visa for free!
The US has done this program before at a cost of $1.8M per card. There were about 8,000 takers. Impossibly optimistic is right.
are you talking about the EB-5 Program? Or was there something else that was for a limited time? Because EB-5 is not even $1.8M for the card, you have to "invest" it into a business, ripe for exploit, and without research I'd imagine you can circle jerk the same wealth to the next of kin over and over after you get your permanent residents papers.
No, not the EB-5 program, there was apparently another citizenship-for-cash program under a previous administration