The plan would replace the $600 million in subsidies Denmark gives the island each year
The Donald Trump administration is reportedly considering giving about $10,000 to each Greenland resident as part of its plan to annex the island.
The possibility would seek to replace the $600 million Denmark gives the territory in subsidies every year, and has stopped being mere rhetoric to become official U.S. policy, according to The New York Times.
The outlet detailed that the plan already includes several cabinet departments and that the White House’s National Security Council has met several times to advance on it, recently sending specific instructions to different offices.
A quick google tells me Greenland has a population of ~57,000. At $10k per resident, that’s $570 million.
On money alone, his offer is less than what they already receive, and unless he’s pitching for some sort of UBI it’ll be a one-time payment instead of annual. Is this the art of the deal they keep talking about?
The right-wing tactic of dismantling a program or getting a discount by offering lump sum cash up front, instead of better value in programs and services.
They prey on desperate, uneducated people who see the money in front of them.
Desperate is the right word, and I think they’re intending to make people more desperate in order to exert control.
I’m not saying a $10k gift would be life-changing, but it would pay off a significant amount of my debt, freeing up a lot of my monthly cash flow.
Ok so as a nation Denmark accepts the offer and let’s assume everyone gets their $10k, pays off some debts, buys some luxuries, has a holiday, banks a decent amount. What about the negatives? For example now healthcares no longer free. Seems like it would cost more than you’d gain.
Oh definitely. I think they’re being offered a horrible deal. But I can see how some might be inclined to take the shitty deal if their current financial situation is in fact one of desperation. I hope their citizens are in better shape than Americans.
It’s like Brexit…didn’t matter how much time people spent pointing out the negatives, there’s still people that bought into it, for numerous reasons.
I have very little debt and no savings, but a 10k gift would only pay for like 2-3 months of living. That’s not enough for me to sell out my fellow countrypeople and give up my most basic rights.
Hell even a million wouldn’t be enough for me to agree to be American at this point.
Not gonna lie, this is kinda how I’m watching the subsidies on chinese EV.
Now, would I want to pay taxes to export European cars to the rest of the world? Hell no.
So I’m quite confused
Also, Denmark subsides are probably in Euros. So it’s already 5% higher just on Trump’s first 3 months.
Denmark actually isn’t part of the eurozone and uses its own currency, Danish krone
Interestingly, the value of the Danish krone is pegged to the value of the euro, meaning the job of the national bank is to ensure a more or less constant exchange rate of 1€ = 7.45DKK.
So when the euro performs well, the krone performs well.
That’s assuming that they pay out.
On top of this, Denmark had been doing this every year. The only thing you can count on Trump doing every year is to change his mind and ask you if you’ve said thank you for it.
10k to get lost, it’s unspoken but the money is to leave the country because that is then owned by Trump.
This is a typical Trump deal, Trump gets what he wants and the other side gets ripped off. There never will be equal footing between trading partners in a Trump deal.
It’s going to cost more than that just to hire movers that will transport outside the country. It doesn’t even come close to what it would cost to set up a new life somewhere else.