Trump’s ‘Golden Visa’ Frenzy: 1,000 Cards Sold in a Day for $5M Each!
Donald Trump’s latest immigration plan, the ‘Golden Visa’ program, is making waves. According to U.S. officials, 1,000 golden cards were sold in a single day, each costing a whopping $5 million (₹43 crore). This initiative promises permanent residency without global taxation, making it an attractive deal for the world’s elite.
In this article, we’ll break down what the Golden Visa is, why it’s gaining massive traction, and what it means for both wealthy investors and the U.S. economy.
What is Trump’s ‘Golden Visa’ Scheme?
The Golden Visa (or ‘Gold Card’) is a high-end U.S. residency program that allows foreign nationals to secure permanent residency for a price tag of $5 million. The key highlight? Unlike regular U.S. residents, these visa holders won’t be subjected to America’s global tax system.
Key Benefits of the Golden Visa:
| Benefit | Description |
|---|---|
| Permanent Residency Guarantee | Visa holders can live in the U.S. indefinitely. |
| No Global Tax Obligation | Income earned outside the U.S. remains tax-free. |
| Optional Citizenship | Buyers can choose to apply for U.S. citizenship but are not required to. |
| Safe Haven for Families | A backup plan in case of economic or political instability in their home countries. |
Howard Lutnick, U.S. Secretary of Commerce, revealed on the ‘All-In’ podcast that the program raked in $5 billion in a single day, with the first batch of 1,000 cards selling out instantly.
Why is the Golden Visa Selling Like Hotcakes?
For the world’s ultra-rich, the Golden Visa is more than just a residency card—it’s an insurance policy. The program offers them:
| Key Benefit | Description |
|---|---|
| A Stable Backup Plan | Many wealthy families worry about political turmoil, wars, or economic crises in their home countries. Having U.S. residency provides a secure escape route. |
| Tax Optimization | Unlike regular U.S. citizens, Golden Visa holders only pay tax on income earned inside the U.S. Offshore earnings remain untouched. |
| Unlimited Availability | Unlike traditional investor visas with annual caps, Trump’s Golden Visa has no limit, meaning as many applicants as possible can apply. |
One business magnate reportedly bought six Golden Cards for his family, highlighting the program’s demand among high-net-worth individuals.
Elon Musk’s Role: A Digital Boost for the Golden Visa
Elon Musk has also entered the scene, developing a high-tech software to streamline the Golden Visa application process. The program is expected to go live officially within two weeks, but the soft launch has already turned heads.
Lutnick hinted that Musk’s system would make the entire process seamless, reducing paperwork and bureaucratic delays.
How Trump’s Golden Visa Can Reshape the U.S. Economy
Trump’s administration predicts that at least 1 million people could apply for the Golden Visa, generating $5 trillion in revenue—a figure that could significantly reduce the U.S. national debt and financial deficit.
With 37 million high-net-worth individuals globally, Trump’s team believes that the scheme can attract some of the wealthiest business leaders, investors, and entrepreneurs to the U.S.
Potential Criticisms & Challenges
While the Golden Visa seems like a financial jackpot, it has its share of controversies:
| Concern | Description |
|---|---|
| “Selling Citizenship” Concerns | Critics argue that this program gives the ultra-rich an unfair advantage while regular immigrants struggle with visa approvals. |
| Tax Loophole Debates | Some believe that allowing billionaires to live tax-free while regular Americans pay taxes could widen the wealth gap. |
| National Security Risks | With no upper cap, some worry that foreign influence in U.S. policies could increase, especially if politically connected elites buy these visas. |
Despite these concerns, Trump’s team has doubled down on their belief that the program will benefit the U.S. economy significantly.
Will the Golden Visa Trend Continue?
Given the massive demand in just the first 24 hours, the Golden Visa could become one of the most lucrative immigration policies ever introduced.
Trump’s administration has positioned this as a win-win strategy—attracting ultra-rich investors while strengthening the U.S. economy. However, whether this program truly benefits the country in the long run remains to be seen.
What do you think? Is Trump’s Golden Visa an economic game-changer or a controversial loophole for the wealthy?
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