Trump launches website for $5m ‘gold card’ granting US residency
Trump launches website for $5m ‘gold card’ granting US residency
US president unveils site for applicants to register interest for ‘Trump Card’ granting path to citizenship.
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My favorite part,
Trump administration officials have suggested that the card will replace the EB-5 immigrant investor visa programme, which grants permanent residency to immigrants who invest at least $1.05m in the US, or $800,000 in designated economically distressed areas.
So since the 90s anyone with $1 million has been able to buy/invest their way in.
This "new gold card" costs $5 million.
So it costs five times as much, it's just a bribe and not an investment. I'm guessing putting together a business plan costs less than $4 million.
So the obvious question becomes... What type of person is willing to spend $5 million, but not $1 million. (And I'm guessing less oversight.)
$1 from 1990 is worth $2.50 today. So it's only twice as expensive, not 5 times
Except it’s still $1 million as of today, if I’m reading this right.
Correct, the program started in the early 90s, but the cost today is $1 million.