Trump to Launch ‘Gold Card’ Visa Program for Wealthy Investors
Trump to Launch ‘Gold Card’ Visa Program for Wealthy Investors
President Donald Trump said he is starting a program to offer residency and a path to citizenship to investors who pay $5 million, offering a new avenue for legal immigration even as he carries out a sweeping crackdown on undocumented migrants.
President Donald Trump said he is starting a program which would offer residency and a path to citizenship for investors who commit at least $5 million to projects in the US.
Trump said the program, dubbed the “gold card,” would launch in two weeks, adding that he did not believe his administration needed to secure approval from Congress.
“We’re going to be selling a gold card,” Trump said Tuesday in the Oval Office as he signed executive orders alongside Commerce Secretary Howard Lutnick.
“We’re going to be putting a price on that card of about $5 million, and that’s going to give you green card privileges,” he added, referencing the permits currently issued to US permanent residents.
100% nod to Russian mobsters
“Yeah, possibly. Hey, I know some Russian oligarchs that are very nice people," he said.
Migrant refugees seeking asylum: No go.
Rich foreigners buying citizenship: A-OK.Trump's just making the subtext into text. This was already how the immigration system in the US worked. Large investments private, professional degrees, friendly relations with diplomats, and back door campaign contributions have been fast tracks to citizenship for decades.
All Trump is proposing is formalization of the process (at an absurd markup - you could easily get a fast track citizenship for closer to $50k than $5M).
And given the declining state of the nation, I'm not even clear who he'd be selling this to. Anyone rich enough to afford a "gold card" has no real interest in leaving their own country.
Give me your tired, your poor, Your huddled masses yearning to breathe free, The wretched refuse of your teeming shore. Send these, the homeless, tempest-tost to me, I lift my lamp beside the golden door!
That was always a lie
My grandparents and great grandparents came to the US with almost nothing, as the voyage alone cost a life's savings.
But the 19th century American economy had just finished Native genocide. We had enormous undeveloped tracks of land and a party - The Republicans - eager to goose the economy with settlers willing to do the hard parts of domestic development for next to nothing.
Rapidly populating the interior with European migrants was a post-Civil War power play, intended to secure territories with party loyal serfs and turn expensive frontier territory into profitable industrial centers.
"Give me your cheap exploitable migrant labor, yearning to work 16 hour days for less than the cost of living" might have been a more accurate phrasing. But the policy of open borders (for Europeans) was real.
It was French trolling.
"I don't know, sounds like communism." - MAGAts
Apparently the United States is a commercial airline now. Pay extra for premium boarding.
Poor guys, truly the millionaire investors are the most oppressed class.
This is just another plan to destroy the country through foreign agents.
Five million is hilariously cheap for a golden visa program to a country like America and Maga, if they took their heads out of their assess, should be insulted.
Someone needs to run ads on how Trump will let Kim Jong Il be your neighbor if he coughs up 5 million.
All of Kim Jong Il's children are said to have lived in Switzerland, as well as the mother of the two youngest sons, who lived in Geneva for some time.[12] First reports said that Kim Jong Un attended the private International School of Berne in Gümligen in Switzerland under the name "Chol-pak" or "Pak-chol" from 1993 to 1998.[13][14] He was described as shy, a good student who got along well with his classmates, and was a basketball fan.[15] He was chaperoned by an older student, thought to be his bodyguard.[16] His elder brother Kim Jong Chul also attended the school with him.
Later, it was reported that Kim Jong Un attended the Liebefeld Steinhölzli state school in Köniz, near Bern, under the name "Pak-un" or "Un-pak" from 1998 until 2000 as the son of an employee of the North Korean embassy in Bern. Authorities confirmed that a North Korean student attended the school during that period. Kim first attended a special class for foreign-language children and later attended the regular classes of the 6th, 7th, 8th and part of the final 9th year, leaving the school abruptly in the autumn of 2000. He was described as a well-integrated and ambitious student who liked to play basketball.
Already how the system works
It replaces the current "create 10 jobs" visa. https://en.wikipedia.org/wiki/EB-5_visa
They decided to sunset the 'job creators' meme, the pretense is no longer needed and it's less funny since they started creating the 'pee in a bottle or get fired' jobs.
Looks like the executive branch is raising funds without Congress.....
I swear, I had a 10th grade Gov teacher and that’s all she wanted us to know - that the Congress carries the purse….
Yeah… that’s not an ethical violation of his position at all!
https://www.globalcitizensolutions.com/golden-visa/
It's not a new idea. America already has one, in fact.
Why no egg discount card?!
Russians incoming
We’ve been doing golden visas for those investing over $1.2M in Australia.
Surprised the US did not have this NeoLib garbage already.
America does have this actually. I think at one point in about 10 years ago it was like $500k. I believe they raised it to something higher but it was less than $5m though.
Trump probably either didn't know because the law doesn't apply to him, or this is just a fee increase disguised as a new program his sycophants will applaud.
He just bumped up price and called it differently, like every brand is doing these days.
Whether this would work or not, we don’t know, since American as a brand is losing value these days. But it doesn’t matter, everything trump does is a success for sure.
I think it was a certain amount of money to invest but also they needed to create a few jobs, so not just putting money into a bank
A friend of mine invested a while ago in a few food court franchises to get it
Yeah but now you can get citizenship by "investing" $5M in $TRUMP coin.
Nobody should be able to just buy their way, but I'll give you some food for thought. When I was a graduate student, I knew someone who had the option to buy citizenship for about 40k via marriage visa. That's it, 40k, though a Chinese broker. Granted this was close to 10 years ago, but if you know the right people, it's been an option, tricky though it may be.
The system is fucked, but it was fucked before Trump. That's the whole reason we need a legit pathway to citizenship. But no, fucking gold card. Ugh.
The US already has a rich people visa and it's called the EB-5. Trump is a dumb fuck.
-Investor Visas (EB-5): This program provides permanent residence to foreign national entrepreneurs who invest at least $1,000,000 in a U.S. business that will create or preserve 10 full-time jobs for U.S. workers.
The only pieces of shit putting "5 meel-yens" down Trump's g-string to get into the US are going to be criminals and Russian assets. People with clean criminal histories and money always had easy entry, for better or worse.
5 million, do you get anything other than citizenship with that price, like Yankees tickets or free dinner at Arby’s?
5% cash back for all bookings at Trump's hotels.
Literally could not pay me enough to stay at a Trump property
I don't have millions, you probably don't have millions. You know who does? Kingpins, spies, cartel drug lords.
Do the super-rich have a hard time moving to the US as is? Given how many multimillionaires end up becoming US citizens, I’d have thought that it was doable if expensive, with most of the hassle easily outsourced to highly-paid specialist lawyers.
this is for those with the cash but not the background history to get in otherwise.
Yeah, that's my takeaway, too. This almost seems more like a threat to the wealthy who want to come here that they better pony up some dough.
So we are Philippines now!
Say the mexican cartels and rapist he wants to imprison end up paying 5 mil for this, you think he'll still give them citizenship?
he'd sell a condo to josef mengele.
As long as they launder it well
I'm the founder of RT. I think I'll go to the US and start a business. I know, a news business! We can call it America Today. Surely my good friend Donald Trump will give us White House access and we can help spread the "truth" about Ukraine and Europe and the gays to America. Good thing president Putin is giving me the $5 million. Such a great guy.
I mean, fuckhead MAGA said they wanted Trump to run America like a business. Too bad they can’t afford to stay.
new zealand does this already, thats why billionaires have planned bunkers and complexes there just in case things liek this happen.
Oh, more oligarchs. Yay.