The US is issuing 1,000 “Gold Card” visas daily under a new program introduced by former President Donald Trump. This initiative offers a fast track to citizenship for individuals investing $5 million. Launched in February, it aims to replace the EB-5 investor visa program, drawing both interest and controversy for its exclusivity and financial requirements.
Program Targets Wealthy Investors
Commerce Secretary Howard Lutnick disclosed on the All-In Podcast that 37 million people globally could afford the Gold Card. The administration aims to issue one million visas. Lutnick emphasized Trump’s confidence in the program’s success, stating, “The president believes we can sell a million.” The initiative seeks to attract high-net-worth individuals while boosting US revenue through substantial investments.
Influential Figures Behind the Scheme
Billionaire investor John Paulson reportedly helped conceptualize the program, while Elon Musk is assisting with its software infrastructure. Their involvement highlights the initiative’s focus on leveraging private-sector expertise. However, critics argue that such collaborations risk prioritizing wealthy elites over equitable immigration policies, further entrenching disparities in the system.
Also Read: Green Card Holders and Visa Restrictions Under Scrutiny: U.S. Immigration Policies
Controversy Over Wealth-Based Immigration
The program has faced backlash for creating a two-tiered immigration system favoring the affluent. As the administration intensifies deportations of undocumented immigrants, critics condemn the stark contrast in treatment. Advocates argue that the program unfairly privileges wealth over merit or humanitarian needs, exacerbating existing inequalities in US immigration policy.
Bypassing Congressional Approval
Trump claims the Gold Card program will proceed without congressional approval, positioning it as a key part of his immigration strategy. This approach has raised legal and ethical concerns, with opponents questioning its legitimacy. Supporters, however, argue that executive action is necessary to streamline immigration and attract investment.
Economic Benefits vs. Ethical Concerns
Proponents highlight the program’s potential to generate billions in revenue, funding infrastructure and public services. Yet, detractors warn that monetizing citizenship undermines democratic values. The debate continues as the program rolls out, balancing economic gains against fairness and inclusivity in immigration policy.
Future of US Immigration
The Gold Card program signals a shift toward investment-based immigration, reshaping the US’s approach to citizenship. While it promises economic benefits, its long-term impact on social equity remains uncertain. As the initiative unfolds, it will likely remain a contentious topic in national immigration discussions.
