Why Trump’s plan to cut national debt by selling ‘gold card’ visas for US$5 million each won’t work
The idea that wealthy foreigners can address a nation’s faltering economy is not new. Trump’s gold visas will themselves replace the current EB-5 immigrant investor visa, which offers permanent US residency in return for job-creating investments of at least US$1 million.
And we’re going to start selling, hopefully, in about two weeks,” President Donald ... experts say the “gold card” proposal is far more complicated and uncertain than Trump and Lutnick ...
The president's $5 million visa program has been met with skepticism, including over its potential tax loophole.
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