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Trump introduces 'Gold Card' scheme for US citizenship
India Today
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2/26/2025
Trump's 'Gold Card' plan for US citizenship costs $5 million per card, aiming to attract wealthy immigrants.
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00:00
Now, amid a showdown in America over Trump's crackdown on illegal immigration, Trump has
00:07
now called for super rich migrants to be in America.
00:13
He is now proposing that you can actually buy US citizenship.
00:16
According to Trump, you can pay $5 million and get what he calls a gold card for US citizenship.
00:24
This is an equivalent of a green card essentially, but Trump has called it a gold card saying
00:29
if you pay up $5 million, we will go ahead and give you a gold card for US citizenship.
00:35
And Trump has said that he proposes to sell about 1 million of these gold cards, each
00:41
costing $5 million.
00:43
So imagine the kind of money that America will make from this scheme.
00:47
We'll have to see whether it actually happens, but he has said Trump claims that this will
00:51
become a reality very, very soon.
00:58
We're going to be doing something else.
00:59
It's going to be very, very good.
01:01
We're going to be selling a gold card.
01:06
You have a green card.
01:07
This is a gold card.
01:09
We're going to be putting a price on that card of about $5 million, and that's going
01:13
to give you green card privileges.
01:15
Plus, it's going to be a route to citizenship and wealthy people will be coming into our
01:21
country by buying this card.
01:22
They'll be wealthy and they'll be successful and they'll be spending a lot of money and
01:26
paying a lot of taxes and employing a lot of people.
01:30
And we think it's going to be extremely successful and never been done before.
01:34
Anything like this.
01:35
But it's something that we're going to be putting out over the next, would you say two
01:38
weeks out?
01:39
You want to say a couple of words about OK, let's bring in Shashank Mathur for more details
01:45
on this.
01:46
Shashank, this seems to be Trump's bid to earn a few bucks from, in fact, having citizenship
01:52
being given out, not a green card, but what Trump calls a gold card.
01:56
Is this something that's actually feasible, something that can actually become a reality?
01:59
Well, actually, there are a lot of countries around the world that do something like this.
02:04
Canada has a system, Germany has a system, Greece, Ireland, Italy, a number of countries
02:08
around the world have pathways, visa pathways for wealthy individuals from around the world,
02:14
investors to come put money into their economies and they get residency and then that leads
02:19
to citizenship.
02:20
The United States itself has what's known as the EB-5 program, which allows you to come
02:24
to the United States, gain a green card and then move on to citizenship.
02:28
If you invest around a million dollars or so in targeted areas where there's unemployment,
02:33
if you create jobs for Americans, you're allowed to come in and get that visa.
02:36
So America already has a system like that.
02:38
And this golden visa system that Donald Trump is going to be talking about is going to replace
02:42
that EB-5 program.
02:43
But it has been extremely controversial in the past.
02:45
There are ethical concerns about whether U.S. citizenship or residency should be sold in
02:49
such a manner where people, for example, green card holders or H-1B visa holders like the
02:54
thousands of Indian-Americans who work in America, they have to wait for long periods
02:58
of time.
02:59
Isn't it unethical to be giving people a shortcut to cut through the line and get a visa?
03:03
So there are ethical concerns.
03:04
There are concerns about fraud and abuse.
03:06
Donald Trump mentioned that Russian oligarchs, for example, would be free to also come in
03:11
and invest their money, some of which may be dirty money, and put it into the American
03:16
economy.
03:17
This fraud and abuse is also a concern with the EB-5 program.
03:19
And it has been controversial in the past couple of years.
03:22
This idea of giving rich people, basically, a pathway to citizenship in America.
03:26
So it has been controversial.
03:27
But Donald Trump is a powerful president at this point in time.
03:30
And this battle, therefore, will continue about whether America can, in fact, set up
03:34
this golden visa scheme.
03:35
Okay, Shashank, thanks very much for joining us with those details.
03:40
Let's see really what happens.
03:41
I'm sure there'll be a lot of Indians who can afford to spend that kind of money who
03:45
will be watching very, very closely whether this is an option for them to buy a gold card
03:50
to U.S. citizenship.
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