The “Trump Card” is a $5 million visa that would grant foreign nationals the right to live and work permanently in the U.S.
Such a program would be similar to the existing EB-5 visa program, which the U.S. began in 1990 to encourage job creation by foreign investors. That program requires a $1.8 million investment from foreign nationals, and that they plan to create or preserve 10 permanent full-time jobs for qualified U.S. workers.
Lutnick has said the “gold card” system would replace the EB-5 visa program. Lutnick emphasized that all applicants would receive thorough vetting, and suggested the proceeds of the program could go toward reducing the national debt.
They’re not paying the government $5 million.
In order to be eligible for this (and the EB-5) you have to make an investment in the US.
The EB-5 program requires you create jobs, so typically you’ll see a wealthy foreign family buy and operate a small established business with a staff. However, this requires that the visa holder is capable of actually operating a business.
The “Trump Card” raises the investment amount to $5 million but drops the employee requirement. That way, if you’re really rich, you can just deposit $5 million into some Wall Street fund and get a US Visa. This isn’t about Trump trying to earn money, it’s him “fixing” a program that bothers his class of people around the world.
The EB-5 program was created to stimulate local jobs and create jobs around the country. Trump’s program doesn’t care about creating jobs or investments in local communities, its just a Fast Pass for the US theme park.
What do you wanna bet that trump coins are a valid “investment” to get the visa. There is no way that he doesn’t think those visas are his to give and his to get money from.