US President Donald Trump unveiled plans on Wednesday for a $5 million "gold card" visa program, positioning it as a dual solution to attract top global talent and chip away at the nation’s mounting debt. Set to launch in about two weeks, the initiative would replace the existing EB−5 visa, which requires a minimum investment of $800,000 for permanent residency. The move reflects Trump’s broader strategy to overhaul immigration policies while addressing economic challenges, though critics may question its accessibility and impact on middle-class Americans.The proposed program mirrors "golden visa" schemes in countries like Greece, Malta, and the UAE, where wealthy individuals gain residency or citizenship in exchange for significant economic contributions. While such programmes have bolstered investment and economic growth in other nations, the US version could face scrutiny over its potential to exacerbate wealth inequality. As the global competition for high-net-worth individuals intensifies, Trump’s gold card initiative underscores the growing intersection of immigration policy and economic strategy, with implications for domestic and international markets.
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