U.S. President Donald Trump unveiled a bold proposal this week: a $5 million 'gold card' granting a fast-track path to citizenship for wealthy investors. The plan would replace the existing EB-5 visa program, which Trump criticized as 'full of nonsense' and prone to fraud. 🏛️✨
Under the new system, foreign nationals could purchase the 'gold card,' which offers permanent residency and a route to U.S. citizenship. Trump emphasized it would attract 'wealthy people' to invest in America, though he acknowledged that Russian oligarchs might qualify, calling some 'very nice people.' 🇷🇺💼
What’s the EB-5 Program?
The EB-5 program, launched in 1990, grants green cards to investors who fund job-creating projects in the U.S. Critics argue it’s been misused, while supporters say it boosts economic growth. Commerce Secretary Howard Lutnick called the proposed 'Trump gold card' a 'simpler' alternative. 💡📉
Controversy & Concerns
The plan has sparked debate over fairness in immigration policy. Critics argue it prioritizes wealth over merit, while proponents claim it could drive economic recovery. The details—including eligibility rules and safeguards—are expected in two weeks. Stay tuned for updates! 🔍🗣️
