Trump Says US Will Sell $5M ‘gold cards’ to Foreigners: ‘Green card Privileges-Plus’; President Trump Says U.S. Can Pay Off $36 Trillion Debt by Selling Wealthy Immigrants $5 Million ‘gold card’ Visas and Eventual Citizenship

By admin On Feb 27, 2025

Trump says US will sell $5M ‘gold cards’ to foreigners: ‘Green card privileges-plus’:

President Trump announced Tuesday that the US government will soon begin selling $5 million “gold cards” that convey green-card residency status and a path to citizenship for foreigners — predicting 1 million cards will be sold and that the initiative could quickly pay down the national debt.

“It’s somewhat like a green card, but at a higher level of sophistication. It’s a road to citizenship for people, and essentially people of wealth or people of great talent,” Trump said in the Oval Office.

“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-plus,” the president added as he rolled out the plan to a group of journalists.

“They’ll be wealthy and they’ll be successful, and they’ll be spending a lot of money and paying a lot of taxes and employing a lot of people.”

Trump claimed that the initiative had been approved by administration lawyers and will launch in roughly “two weeks.”

Commerce Secretary Howard Lutnick, appearing alongside Trump, said the program could be a more successful version of the EB-5 visa initiative, established by legislation in 1990, which grants certain investors a green card if they meet certain criteria.

“Rather than having this sort of ridiculous EB-5 program, we’re going to end the EB-5 program. We’re going to replace it with the Trump Gold Card, which is really a green card,” Lutnick said.

“They’ll be able to pay $5 million to the US government. They’ll have to go through vetting, of course, to make sure they’re wonderful world-class global citizens.”

Trump said he believed that everyone from Russian oligarchs to Indian tech entrepreneurs would pay for the cards.

“Apple and all these companies that want to get people to be working for them will be able to buy a card, and for the people that are number one in their class at top schools, I see that as one of the things,” Trump said. —>READ MORE HERE

President Trump says U.S. can pay off $36 trillion debt by selling wealthy immigrants $5 million ‘gold card’ visas and eventual citizenship:

President Donald Trump believes he can pay off America’s $36 trillion national debt by charging rich immigrants $5 million for a gold card—which has green card privileges “plus a route to citizenship.”

President Trump made the impromptu announcement in the Oval Office yesterday, telling reporters: “Remember the words ‘gold card.’”

The president said he had planned to make the announcement next week but seized the opportunity to share the news while signing executive orders on Tuesday.

As a result, details of what the gold card will entail are still sparse, but the Republican politician said: “Wealthy people will be coming into our country by buying this card. They’ll be wealthy, and they’ll be spending a lot of money and paying a lot of taxes and employing a lot of people.

“We think it’s going to be extremely successful, and [it’s] never been done before or anything like this—but it’s something that we’re going to be putting out over the next week … two weeks.”

The gold card would replace America’s existing EB-5 visa program, which requires foreign investors to pledge $1,050,000 in capital to an existing commercial enterprise plus an additional $800,000 for targeted areas of employment.

The new, more expensive, gold card program would attract “wonderful world-class global citizens,” said Commerce Secretary Howard Lutnick, adding that individuals who purchased the card would still have to go through a vetting process.

President Trump said he also envisioned companies buying the cards in order to retain talented individuals, explaining: “Companies will pay to get people in. Since today you graduate from the Wharton School of Finance, or Harvard, or Stanford, or any college, and nobody knows if you can even go and work for a company.

“All these companies that want to get people to be working for them will be able to buy a card … for the people that are number one in that class at top schools.”

The president added that high-net-worth individuals who purchased gold cards would not have to pay tax in the U.S. on income accumulated outside of the States, but will “pay full taxes like everybody else” on investments within the country.