Donald Trump’s Gold Card card requires a person to spend directly$ 5 million to become a citizen of the United States, while the presidency is focusing on removing the “illegal” people. Commerce director Howard Lutnick said he sold 1, 000 Gold Cards a moment despite debate about whether the plan was very expensive for US citizen. ” There are 37 million people in the world who are capable of purchasing the cards,” the statement read. According to Lutnick, who spoke on the All-In Podcast,” the leader thinks we can buy a million.”
Lutnick claimed that during a conference with investment John Paulson, Trump got the idea for the Gold Card. Therefore Lutnick was given the opportunity to figure out how to accomplish it. Lutnick claimed that Elon Musk is creating the application.
Lutnick questioned why people should purchase a Gold Card, noting that had he not been an American, he may have purchased six Gold Cards, one for him, one for his family, and other household members, so that if war or other problems came up in the US and brought him here to launch a new company.
Lutnick went on to explain that the Gold Card may replace the traditional green card and grant holders lasting US citizenship. While cardholders may apply for citizenship, he suggested that the majority of people may choose not to do so in order to avoid US world tax. The cards, which cost$ 5 million each, may grant an indefinitely monetary guarantee for living in the US.
US Gold Card: What Is It?
The EB-5 immigrant investor visa program would be replaced by the Gold Card program, which costs$ 5 million. In order to obtain green cards, immigrants were given the option of using the EB-5, which requires at least$ 1 million to invest in a business that employs at least 10 people ( or$ 800k in a low-income area ). In 2024, more than 4, 500 EB-5 visa were issued.
Trump claimed that there would be no cap on the number of metal accounts that would be issued.
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