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2025-02-27 Home Front: Politix

Trump unveils $5 million ‘Gold Card’ Visa for wealthy investors seeking US citizenship

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Posted by trailing wife 2025-02-27 2025-02-27 04:39|| || Front Page|| [11136 views ] Top

#1 Commerce Secretary Howard Lutnick attempts to calm concerns over Trump's 'gold card' visa pitch

"Imagine if we sell a million of them. That's $5 trillion, and that pays off our debt, drives down interest rates and makes America amazing," Lutnick said.

Posted by Skidmark 2025-02-27 09:05|| 2025-02-27 09:05|| Front Page Top

#2 If all it takes is $5M, get ready for a whole bunch of tatoo'd guys named Jesus.

Posted by Mercutio 2025-02-27 09:23|| 2025-02-27 09:23|| Front Page Top

#3 The law authorizing the EP-5 program was passed in 1990. It was amended a number of time. The provisions requiring investment in the US with a lower amount of investment if it is made in a high unemployment area, the requirement to provide jobs, etc. have proven difficult, to administer and enforce.

The new plan seems to be much simpler. There are many rich people who want a legal residence in the USA but the $5M is a lot. I estimate the revenue to the USA would be below $5B/year, which is not to be sneezed at but not the Trillions being touted.

Posted by Lord Garth 2025-02-27 09:48|| 2025-02-27 09:48|| Front Page Top

#4 Like Willy Wonka...

Posted by Glenmore 2025-02-27 10:47|| 2025-02-27 10:47|| Front Page Top

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