- cross-posted to:
- news
- cross-posted to:
- news
President Donald Trump said he is starting a program which would offer residency and a path to citizenship for investors who commit at least $5 million to projects in the US.
Trump said the program, dubbed the “gold card,” would launch in two weeks, adding that he did not believe his administration needed to secure approval from Congress.
“We’re going to be selling a gold card,” Trump said Tuesday in the Oval Office as he signed executive orders alongside Commerce Secretary Howard Lutnick.
“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,” he added, referencing the permits currently issued to US permanent residents.
We’ve been doing golden visas for those investing over $1.2M in Australia.
Surprised the US did not have this NeoLib garbage already.
America does have this actually. I think at one point in about 10 years ago it was like $500k. I believe they raised it to something higher but it was less than $5m though.
Trump probably either didn’t know because the law doesn’t apply to him, or this is just a fee increase disguised as a new program his sycophants will applaud.
He just bumped up price and called it differently, like every brand is doing these days.
Whether this would work or not, we don’t know, since American as a brand is losing value these days. But it doesn’t matter, everything trump does is a success for sure.
Yeah but now you can get citizenship by “investing” $5M in $TRUMP coin.
I think it was a certain amount of money to invest but also they needed to create a few jobs, so not just putting money into a bank
A friend of mine invested a while ago in a few food court franchises to get it