In a surprising turn of events, President Donald Trump has introduced a new immigration initiative called the "gold card" visa program. This initiative offers wealthy foreign nationals a direct pathway to U.S. citizenship for $5 million. The "gold card" replaces the EB-5 Immigrant Investor Program, which previously required a $1 million investment and job creation in the United States.

The Trump administration's goal with this program is to attract affluent individuals who will invest, spend, and contribute to job creation, thereby bolstering the U.S. economy. Commerce Secretary Howard Lutnick emphasized that applicants will be thoroughly vetted to ensure they are "exemplary global citizens" before being granted the visa.

What Does This Mean for the U.S. Economy?

This initiative could stimulate economic growth and reduce the national deficit. The "gold card" aims to inject billions into American markets, from real estate to new business ventures, by appealing to global elites and successful entrepreneurs.

Read More:

For further details, check out the original coverage from The Independent.