Trump Unveils $5 Million Gold Card Visa for Wealthy Immigrants

President Trump has introduced a $5 million 'gold card' visa aimed at wealthy foreign citizens seeking U.S. citizenship and job creation opportunities. The initiative, which he claims will be available in two weeks, is designed to replace the existing EB-5 visa program, offering a more streamlined process for affluent immigrants. Trump announced that over 1,000 gold cards have already been sold, generating approximately $5 billion in revenue. Commerce Secretary Howard Lutnick described the gold card as a method to attract high-level investors, asserting that funds from the program could help reduce the national debt. Critics have raised concerns about the fairness of such a program, particularly given the substantial fee required. The gold card system is expected to appeal to the estimated 37 million people globally who can afford it, potentially leading to significant economic benefits.