On Tuesday, President
Donald Trump proposed a new immigration initiative, a ‘Gold Card’ visa, that offers a path to US citizenship for a fee of $5 million. This would replace the 'EB-5' visa, a 35-year-old immigrant investor visa program, which grants the privileges of a
green card, allowing them to become permanent US residents through financial investment. The EB-5 investor visa requires a $800,000-$1.05 million investment in a business that creates at least 10 US jobs. However, the newly proposed
gold card has no such job creation requirement. It instead, offers a premium residency option for wealthy individuals.
“They’ll be wealthy and they’ll be successful, and they’ll be spending a lot of money and paying a lot of taxes and employing a lot of people, and we think it’s going to be extremely successful,” Trump said Tuesday in the Oval Office.
President Donald Trump’s announcement has sparked major concerns among immigrants waiting for the green card. The Internet is flooded with reactions.
An X (formerly Twitter) user posted a meme and asked, "Trump selling “gold cards,” to wealthy immigrants?? So it was always just about keeping out certain immigrants?"
One wrote, “If you're a poor immigrant, it's almost impossible to get a green card,but if you're a rich Russian oligarchy, you can buy citizens with a gold card.”
A netizen stated that the New York City will be flooded with Arabs when the Gold card visas are issued, and shared an AI generated picture and wrote, "NYC after Trump introduced the $5 million gold card visa."
Another posted a video of Trump reacting to if Russian oligarch's will be eligible. "Reporter: On that gold card, would a Russian oligarch be eligible for a gold card?
Trump: Yeah, possibly. I know some Russian oligarchs that are nice people," another said.
Another hilariously wrote, "so Trump said you have to pay 5M dollars for your gold card, if you want to come to America. I am offering a 1M dollar discount if you wanna get married."
An X user wrote, "Trump Selling 'Gold Cards'. So.. Trump deports the drug dealers but gives the cartel bosses a pathway to citizenship. Nice work, Donald."
Another said, "Trump is going to launch Gold Card Visa Program for foreigners?
Top News of the Day | Trump’s Gold Card Visa Shake-Up & More!
More opportunities for the rich I guess, what do I know? We live in the trenches and I blame El-"
"Am just saying… $5 million for a green card (I mean, gold card)? Must be the crack tho. Cz With $5M, you better be looking at Switzerland or Singapore," another added.
Meanwhile, the president also added that they could probably sell a million of these
cards. “It’s somewhat like a green card, but at a higher level of sophistication, it’s a road to citizenship for people, and essentially people of wealth or people of great talent, where people of wealth pay for those people of talent to get in, meaning companies will pay for people to get in and to have long, long term status in the country,” he said.