Former US President Donald Trump has once again stirred debate with his latest immigration proposal: offering US citizenship in exchange for a $5 million investment. Dubbed the “Gold Cards” program, this initiative aims to attract wealthy migrants who are willing to contribute significant capital to the US economy.
What Is the “Gold Cards” Program?
The proposed program would grant immediate residency to foreign investors who inject at least $5 million into the US economy. After a certain period of residency, these investors could then apply for citizenship. Trump has suggested that this plan would not only boost the economy but also create new job opportunities.
How Does It Compare to Existing Programs?
Currently, the EB-5 Immigrant Investor Program allows foreign nationals to secure a Green Card by investing $800,000 to $1.05 million in US projects that create jobs. However, Trump’s “Gold Cards” proposal is significantly costlier and appears to promise a faster path to citizenship.
Why Is This Controversial?
Critics argue that this scheme essentially sells US citizenship to the highest bidder, favouring the wealthy while ignoring skilled workers and families seeking legal immigration pathways. Others worry that it could lead to increased economic inequality in the immigration system.
On the other hand, supporters believe it could boost foreign investment, strengthen the real estate and business sectors, and create thousands of new jobs.
Will It Become Law?
As of now, Trump’s proposal remains speculative and would require approval from Congress. Given the political divide on immigration policies, the fate of the “Gold Cards” program is uncertain.
One thing is clear: if implemented, it would mark a major shift in how the US approaches immigration—one that heavily favours the ultra-wealthy.