The article discusses Trump's announcement to replace the EB-5 immigrant investor visa program with a new 'gold card' for $5 million, which would grant immigrant investors green card privileges and a pathway to citizenship. This proposal has sparked controversy, especially regarding the potential eligibility of wealthy individuals, including Russian oligarchs. Critics raise ethical concerns about commodifying immigration, suggesting that this policy could lead to abuses and undermine the immigration system. Trump's remarks emphasize attracting affluent foreigners, highlighting a shift in immigration policy focus towards wealth rather than traditional pathways.
Trump's plan for a new 'gold card' visa could commodify immigration, allowing wealthy foreigners to buy their way into permanent residency and citizenship.
The EB-5 investor visa program is to be replaced with a $5 million 'gold card' that offers green card privileges and possibly citizenship.
Trump hinted that even Russian oligarchs could qualify for these 'gold cards,' suggesting an influx of wealthy investors could benefit the U.S.
Critics warn that this new visa could be a means for the affluent to circumvent traditional immigration paths, raising ethical concerns.
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