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Lutnick said the move could replace the existing EB-5 program, which allows immigrant investors to acquire green cards by investing a certain amount toward a business in the US.

This wouldn't be the worst idea if it went to social programs or is used to provide support to other citizens.

Asked by a reporter if participants would need to invest a certain amount of money to qualify for a gold card, Lutnick responded “yeah, exactly” but suggested that funds for the visa might be paid directly to the government.

Who will invest it in a range of smaller businesses... right?

“They can come to America. The president can give them a green card, and they can invest in America, and we can use that money to reduce our deficit,” he added.

And that's exactly what I expected instead. Well done. Reduce the deficit caused by lining oligarch coffers with taxpayer funds, skim a cool million or ten to go golfing on your own property, and shovel the rest into the military complex.

From a pay-to-win program intended to support the country right into a pay-to-win program to support the riches of those running it. A clear improvement /s

First off, the US, like most counties, has a Golden Visa program where you just invest $1 million (of $800k in some cases) and create 10 jobs in the US and you get a green card. Some EU countries have it as low as €100K for their version.

The difference with what's proposed is no (that I can find) job requirement. This is just a way for 1) Russian ologarcs to obscure their income first and divert everything to crypto or Caymans accounts, and then 2) buy US citizenship so they 3) can have sanctions drooped and don't get their yachts seized anymore.

Give me your tired, your oligarchs, your unfairly treated billionaires yearning to breathe free.

"i vote trump cause all those fuckers who are in our country need to be put to death camps instead of green cards"

trump makes it so you can rob a bank and become us citizen without any checks

"I knew i voted for the right man!"

At this point magaists seem more like traitors than stupid. I say this cause tihs means any of those russian oligarchs or other fuckers who made a killing selling off the dentures of dead civillians in ukraine or israel or north korea can escape to us who going forward will not hunt them for crimes against humanity.

It took me too long to figure out this isn't about credit cards

The conservative party in the UK also increased immigration rates, while kicking and screaming about illegal immigrants. They know it's best to exploit immigrants for wealth, but need to do the dance for their supporters

Trump and his voters are such an embarrassment.

That's still immigration bro.

You know, it just occured to me that if we manage to keep democracy going and reclaim the government in 4 years and hopefully revert taxes back to normal pre-reagan levels (or better), these newly minted citizens will have to pay taxes.

Really not sure why they'd even want to, though. If you can pay that price, why the fuck would you want to live here? Lol

The old blue check mark but for uscis

Then Elon will complain about the Chinese lobbying the Republican Party in the future.

This is the weirdest timeline.

Gird your ad blocker for MSN, but here it is without a paywall:

https://www.msn.com/en-us/money/other/trump-to-launch-gold-card-visa-program-for-wealthy-investors/ar-AA1zMAgp