Trump says US will sell $5M ‘gold cards’ to foreigners: ‘Green card privileges-plus’

Summary

The video discusses a new proposal for a 'Trump Gold Card,' which would allow wealthy individuals to gain U.S. Green Card privileges and a route to citizenship by paying $5 million. The card aims to attract successful global citizens, encouraging investment in the U.S. and boosting the economy. The program would replace the controversial EB-5 visa program, focusing on vetted, high-net-worth individuals. This initiative is expected to reduce the national deficit by bringing in significant financial contributions and creating jobs, marking a shift towards a more exclusive immigration process.

Takeaways

• 😀 The introduction of a Gold Card, a new program offering Green Card privileges, will be priced at $5 million.
• 😀 The Gold Card is designed to attract wealthy individuals to the U.S. by providing a route to citizenship.
• 😀 The Gold Card program aims to bring wealthy people who will contribute significantly to the economy through spending, taxes, and job creation.
• 😀 This initiative is unique and has never been attempted before in the U.S.
• 😀 The program is expected to launch in the next two weeks.
• 😀 The Green Card privilege will be granted to individuals who purchase the Gold Card, subject to vetting.
• 😀 The Gold Card will replace the existing EB5 program, which is criticized for being fraudulent and ineffective.
• 😀 Unlike the EB5 program, which was seen as a low-cost way to obtain a Green Card, the Gold Card will be a more secure and robust alternative.
• 😀 Applicants for the Gold Card will be required to invest $5 million into the U.S. economy.
• 😀 The money from the Gold Card investments will be used to reduce the national deficit while benefiting the country's economy.

Q & A

What is the purpose of the gold card being discussed in the transcript?

The gold card is a new initiative designed to offer individuals Green Card privileges and a pathway to U.S. citizenship. It will be sold for $5 million, allowing wealthy individuals to come to the U.S., contribute to the economy, and pay taxes.

How much will the gold card cost, and what benefits does it provide?

The gold card will cost $5 million. It provides Green Card privileges and serves as a route to U.S. citizenship, along with the ability for the cardholders to contribute to the economy by spending money, paying taxes, and employing people.

Why was the gold card introduced instead of the EB-5 program?

The gold card was introduced to replace the EB-5 program, which was seen as problematic, full of fraud, and considered a low-priced way for individuals to obtain a Green Card. The gold card aims to be more legitimate and beneficial for both the individuals and the U.S. economy.

What is the EB-5 program mentioned in the script?

The EB-5 program is a U.S. immigration program that allows foreign investors to obtain a Green Card by investing a certain amount of money in the U.S. economy. However, it faced criticism for being prone to fraud and not effectively benefiting the country.

How will the U.S. ensure that applicants for the gold card are eligible?

Applicants for the gold card will undergo a vetting process to ensure they are 'world-class global citizens.' This is to make sure that only reputable individuals are granted the privileges of the gold card.

What does the president hope to achieve with the gold card initiative?

The president aims to bring in wealthy and successful individuals to the U.S. who will contribute to the economy through spending, paying taxes, and creating jobs. Additionally, the funds raised from the gold card program will help reduce the U.S. deficit.

How will the money raised from the gold card program be used?

The money raised from the gold card program will be used to reduce the U.S. deficit, contributing to the financial health of the country.

What are the benefits of having wealthy individuals come to the U.S. through the gold card?

Wealthy individuals coming to the U.S. through the gold card will bring significant economic benefits. They will spend money, pay taxes, and create employment opportunities, thereby stimulating the economy.

What does the script suggest about the global citizenship of the applicants?

The script suggests that applicants for the gold card will be carefully selected to ensure they are 'world-class global citizens,' meaning they are successful and reputable individuals who will contribute positively to the U.S.

What are the key differences between the gold card and the EB-5 program?

The gold card differs from the EB-5 program in that it is priced at $5 million and involves a more stringent vetting process. The EB-5 program was criticized for being easily exploited and not effectively benefiting the U.S., while the gold card is designed to attract wealthy individuals who can positively impact the economy.