Trump Proposes $5 Million 'Gold Card' Visa for Wealthy Investors
Former President Donald Trump has made headlines again with a bold new immigration proposal: a "gold card" visa that would grant wealthy foreign investors a path to U.S. citizenship—for a hefty price of $5 million. This announcement came during a White House visit, where Trump explained that this initiative aims to attract affluent individuals who can contribute significantly to the American economy.
The concept of an investor visa isn't entirely new. The U.S. has long had the EB-5 Immigrant Investor Program, which allows foreign investors to obtain a green card by investing at least $1 million (or $800,000 in targeted areas) and creating a minimum of 10 American jobs. However, Trump argues that the EB-5 program is outdated and full of loopholes, fraud, and inefficiencies. His proposed gold card visa would replace EB-5 and significantly raise the price of entry.
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"We're going to be selling a gold card for $5 million," Trump told reporters. "It will give you green card privileges and a direct route to American citizenship. Wealthy people from around the world will be able to invest in our country, boosting the economy, creating jobs, and paying taxes."
While details of the plan are still emerging, the idea has already sparked controversy. Critics argue that this program would effectively put American citizenship up for sale, allowing the ultra-rich to bypass traditional immigration pathways. Others raise concerns about potential national security risks, especially when Trump was asked whether Russian oligarchs could qualify, to which he responded, "Yeah, possibly. I know some Russian oligarchs who are very nice people."
Commerce Secretary Howard Lutnick, a strong supporter of the proposal, stated that the EB-5 program was riddled with fraud and needed to be scrapped. He emphasized that the gold card visa would ensure that only the wealthiest and most successful investors gain entry, eliminating the issues associated with lower-cost investment visas.
Investor visas are common worldwide, with countries like the U.K., Canada, Australia, and several European nations offering similar pathways to residency or citizenship in exchange for significant financial contributions. Trump suggested that selling 10 million gold cards could even help reduce the U.S. deficit, hinting at the potential scale of the program.
While this proposal may appeal to business-minded individuals, it raises important questions about fairness, economic impact, and national security. Will Congress approve such a policy? Will it genuinely benefit the country, or will it primarily serve the interests of the wealthy elite? As more details unfold in the coming weeks, the debate over Trump's gold card visa is just getting started.
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