U.S. President Donald Trump has announced a new "gold card" program, offering U.S. green card residency and a path to citizenship for $5 million. The initiative aims to replace the EB-5 investor visa program, which he criticized as fraudulent. Trump predicts selling one million cards, claiming it will help pay down the national debt. Critics warn of potential favoritism for wealthy foreign elites, including Russian oligarchs.
#Trump #GoldCard #USCitizenship #EB5Visa #Immigration #USPolitics #MigrantPolicy #TrumpImmigration #USGreenCard #PathToCitizenship #InvestorVisa #WealthyMigrants #NationalDebt #TrumpPlan #USVisa #ForeignInvestment #RussianOligarchs #USPolicy #ImmigrationNews #BreakingNews
~HT.336~GR.122~ED.346~
#Trump #GoldCard #USCitizenship #EB5Visa #Immigration #USPolitics #MigrantPolicy #TrumpImmigration #USGreenCard #PathToCitizenship #InvestorVisa #WealthyMigrants #NationalDebt #TrumpPlan #USVisa #ForeignInvestment #RussianOligarchs #USPolicy #ImmigrationNews #BreakingNews
~HT.336~GR.122~ED.346~
Category
🛠️
LifestyleTranscript
00:00We're going to be doing something else that's going to be very, very good.
00:20We're going to be selling a gold card.
00:25You have a green card.
00:27This is a gold card.
00:28We're going to be putting a price on that card of about $5 million, and that's going
00:32to give you green card privileges plus.
00:35It's going to be a route to citizenship, and wealthy people will be coming into our country
00:40by buying this card.
00:42They'll be wealthy, and they'll be successful, and they'll be spending a lot of money and
00:46paying a lot of taxes and employing a lot of people.
00:49And we think it's going to be extremely successful.
00:52Never been done before anything like this, but it's something that we're going to be
00:55putting out over the next, would you say, two weeks out?
00:58Two weeks.
00:59Do you want to say a couple of words about it?
01:00Sure.
01:01Mr. President, are there any requirements for that gold card?
01:02Hang on a second.
01:03Do you have to invest a certain amount of money in this country in order to qualify
01:07for that gold card?
01:08Yeah, exactly.
01:09So the EB-5 program was really, you lend some money, but it was full of nonsense, make-believe,
01:18and fraud, and it was a way to get a green card that was low-priced.
01:23So the president said, rather than having this sort of ridiculous EB-5 program, we're
01:27going to end the EB-5 program, we're going to replace it with the Trump gold card, which
01:33is really a green card gold, so they'll be able to pay $5 million to the U.S. government.
01:38They'll have to go through vetting, of course.
01:40We're going to make sure they're wonderful, world-class, global citizens.
01:44They can come to America, the president can give them a green card, and they can invest
01:50in America, and we can use that money to reduce our deficit.
01:55Why do we give out lotteries of green cards?
01:57Why do we give out EB-5 for green cards?
01:59The president of the United States understands that the right answer is, why don't we eliminate
02:04the deficit of the United States of America instead?
02:08The gold card, the gold card, well, millions, but the gold card will bring in with it people
02:16that create jobs, very high-level people.
02:21I think companies will pay to get people in.
02:23For instance, you today graduate from the Wharton School of Finance or Harvard or Stanford
02:32or any college, and nobody knows if you can even go to work for a company.
02:38So Apple and all these companies that want to get people to be working for them will
02:43be able to buy a card, and for the people that are number one in their class at top
02:48schools, you know, I see that as one of the things.
02:52But generally speaking, it will be people with money and people that create jobs, and
02:56they won't have to pay any tax on income outside of the United States, which they're not paying
03:01right now.
03:02They're not citizens.
03:03But they'll have to pay if they create jobs in the United States, they'll pay full taxes
03:07like everybody else.
03:08So you're getting big taxpayers, big job producers, and we'll be able to sell maybe a million
03:15of these cards, maybe more than that.
03:18And if you add up the numbers, they're pretty good.
03:20As an example, a million cards would be worth $5 trillion, $5 trillion.
03:26And if you sell 10 million of the cards, that's a total of $50 trillion.
03:31Well, we have $35 trillion in debt.
03:34That'd be nice.
03:35So we'll see.
03:36But it could be great.
03:38Maybe it will be fantastic.
03:42We have it all worked out from the legal standpoint.
03:45It's totally legal to do.
03:48Has it been done before?
03:49It's been done in many different forms.
03:50We give them away.
03:52Why should we give them away?
03:53We shouldn't give them away.