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It's not that simple.
It's actually cleverly designed to 1) get high net worth individuals to PROP UP real estate prices in the US 2) get them to waive foreign earn income exclusion 3) prevent them from competing with americans for jobs
If enough international people sign up for this, you get a NET ECONOMIC POSITIVE for the US and more taxes.
Still, I doubt many would sign up for this since the economic opportunity is in China or wherever they are from and the law is really geared for people willing to pretty much completely uproot
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