Donald Trump's “Gold Card” Initiative – offering a permanent US stay for $ 5 million per card – has already noticed a major milestone, with 1,000 cards sold in a single day, said Trade Minister Howard Lutnick. This $ 5 billion surge is the first success of the program aimed at getting $ 5 trillion by selling one million cards to rich investors.
The Golden Card to replace the existing EB-5 investor visa eliminates the requirement to create tasks and offers a quick process of stay. President Donald Trump believes that the program will attract a rich individual who will strengthen the economy through expenditure, investment and taxation.
“There are 37 million people in the world who are able to buy a card … The President thinks we can sell a million,” Lutnick Podcast told All-in and expressed confidence in the long-term success of the program. This initiative has already created global interest and Lutnick revealed, “I sold a thousand yesterday. The purpose of the program's funds is to reduce US state debt, which is currently $ 36.2 trillion.
To streamline Elon Musk applications, it is reportedly developing a dedicated software platform that is expected to run within two weeks. Meanwhile, Trump is considering rebranding initiative as a “trump card” to increase its attractiveness. “My people want to call it a trump card because the trump card is sold much better than the gold card,” he said.
While the gold card program is already functional, it may still require congress approval for complete implementation. But with $ 5 billion per day, Trump's team considers it a converter for immigration and economic policy.