President Trump's proposal for 'gold card visas' aims to offer wealthy foreigners a path to U.S. citizenship for $5 million each. He envisions that this program could generate trillions in revenue for the country, potentially alleviating national debt. The gold card would replace the EB-5 visa program and isn't tied to job creation. Trump claims this initiative will attract affluent individuals who will contribute significantly to the economy through spending and taxes, despite expected legislative hurdles, reflecting both optimism and controversy around immigration and economic policy.
"If we sell a million [gold cards], that's $5 trillion. If we sell 10 million, which is possible ... that's $50 trillion."
"We will sell a lot because I think there's really a thirst."
The existing program was poorly overseen, poorly executed, and full of nonsense."
This program could attract the world's wealthiest individuals, who will be spending a lot of money and paying a lot of taxes."
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