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Eric Schmidt has applied to become a citizen of Cyprus

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231–240 of 401 posts

Re: Eric Schmidt has applied to become a citizen of Cyprus

#232
This isn't new, all countries usually allow you to buy your way in using a "Golden Visa" program, including the USA and Canada. Typically it costs about $1 Million and some job creation/investment in the economy.

Canadian Golden Visa Program AKA Quebec Immigrant Investment Program: https://citizenshipshop.com/product/canada-golden-visa/ AKA

USA EB-5 Golden Visa: https://citizenshipshop.com/product/usa-golden-visa/

Re: Eric Schmidt has applied to become a citizen of Cyprus

#234
post #229

Earlier quoted context omitted.

Link? I'm trying to get to Germany and would like to avoid 2 weeks in Mexico first if possible

Please don’t try to find loopholes in the quarantine rules. They have been put in place for a reason.

To be clear, I'm not looking for a loophole. If I wanted to break the rules that's easy enough. I only want to understand the full slate of rule-abiding options available to me. Is that unreasonable?

edit: I guess it must be since I got downvoted. Wish they would explain their reasoning

Re: Eric Schmidt has applied to become a citizen of Cyprus

#235

Earlier quoted context omitted.

Well, yes, but if you are traveling to a country where you have a citizenship, it's considered repatriation, so travel rules do not apply (but you usually have different set of rules to abide). And a completely different set of rules also applies for international truck drivers, another for cross-country commuters, etc.

With a dozen or so asterisks, you are correct. Poland stopped all traffic at its border during the last lockdown, for instance.

You mean this https://www.gov.uk/government/news/fco-statement-on-poland-t... ?

Slovakia had a similar traffic stop. People had to cross the border crossings on foot - and international trade was exempt from this.

Also, when they crossed, they were loaded on buses and sent to mandatory 14 day quarantine to state facilities.

AFAIK only Belarus forbids repatriation, and it has more to do with the demonstrations against the regime than COVID.

Re: Eric Schmidt has applied to become a citizen of Cyprus

#236
post #221

Earlier quoted context omitted.

I do not understand why selling citizenships is wrong. If both the seller and the buyer agree to a price, what's the problem?

Listened to a podcast about this subject recently (in German though: [0]). What eg. a German (very!) rich person would do is get a second passport in Cyprus and then open a Swiss bank account. To the Swiss bank, they'd say that they only have that one passport from Cyprus. Therefore, the Swiss bank does not report to the German state that the German individual has a bank account. This is how that person avoids German…

Thus it would seem that Cyprus citizens would be able to demand high prices for selling their passports, which cannot be a bad thing. Then, Cyprus could enter into an agreement with Germany or Switzerland to share bank data if that becomes a problem.

Re: Eric Schmidt has applied to become a citizen of Cyprus

#238
I don't understand why he does this. The IRS will tax him regardless of whether he has assets in the US or outside of it, and he's rich enough to get a working visa to anywhere.

Does anyone know of any other possible tax advantage a rich American might get from Cypriot citizenship?

Re: Eric Schmidt has applied to become a citizen of Cyprus

#239
post #199

Earlier quoted context omitted.

This is a QAnon level conspiracy madness.

How is this a "conspiracy", that post is pointing out how wealthy and powerful people don't have to worry about the long term effects of their actions like their employees do.

The statement about it being different from assumed ability to control things - if that was true then we wouldn't see the farce of anti-trust hearings and it would be ignored like Disney's prepostorus levels of consolidation. The real world is more complicated than those simplistic soundbites and scapegoating as many agents struggle for power. If they really had that level of control the governments would have given up on their moronic backdooring of encryption ideas.

Re: Eric Schmidt has applied to become a citizen of Cyprus

#240

Earlier quoted context omitted.

This is very misleading. US government heavily taxes people and organizations and spends on certain projects. But if people had more resources left to themselves, they could spend some of it on the same projects US gov spends it on. On top of that, US gov has all kinds of laws and regulations that make it difficult to do certain valuable things. For example, if companies in the same industry come together to do somet…

How many people would have used their tax cuts to fund a wide area packet-switching network or space program?

There are tons of people and companies currently investing in these things. The venture capital industry in the US is huge, and in fact you’re writing this on a website run by one of its representatives. The US Government has surely invested in some beneficial research, but so did the private sector.
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