In a resolution that triggered the plot and controversy, the United States Secretary Howard Lutnick announced the sale of 1,000 gold cards this week, raising $ five billion in one day. At a value of $ five million each, President Trump presented those gold cards in February 202, as an opportunity for the rich foreign citizens of the paintings and live in the United States, granting them a permanent in the United States and through the replacement of the Visa program for immigrant investors in EB-Cince.
The EB-5S were created in 1990 as immigrants who obtained green cards if they were making an investment at least $ 800,000 to $ 1 million in a company that uses at least 10 people. In 2024, more than 12,000 EB-5 visas were issued.
The concept of golden visas, which was born from a verbal exchange between the financial John Paulson and former President Donald Trump, has already triggered safe debates through the political, economic and social spheres, in specific with respect to his equity. Although monetary implications are undeniably significant, the program raises questions about equity and ethics. What will have a long -term effect on American immigration policy? And American immigration despite everything will only end the game to play?
The American national debt recently exceeds $ 36. 22 billion, a figure that increases an average of $ 4. 87 billion consisting of the day, or $ 202. 94 million consisting of the time. The Gold Card initiative of Mr. Lutnick aims to provide direct and really extensive capital infusion to face this tax fiscal challenge. He estimates that another 37 million international people can buy the Gold Card, and lately they are sitting in the addressable market.
From a purely economic point of view, the figures are convincing. If 200,000 gold cards are sold at $ five million each, the resulting $ 1 billion can make a significant violation in the national debt. The program scale at 10 million cards would generate five billion dollars, theoretically efforting the debt completely and releasing resources for infrastructure, education, physical care and other critical investments.
However, the dependence of the program with respect to other ultra rich people raises considerations regarding the broader implications for economic equity among those looking for US citizens. It monetizes the American residence well, creating a two -level formula where rich can ignore classic immigration routes through the gold card, while others face significant barriers.
A demonstration of advertising values of the National Debt clock demonstrates the raw national debt of the United States and each tonary. More of the circle of the American debt of relatives in Washington, DC, on December 30, 2024. The Congress budget said that the US national debt is in a position to exceed $ 56 billion to 2034, while the construction of expenses and tax expenses on interest. Social security prices and physical conditioning insurance continue to weigh on the country’s finances, as well as the construction of interest rates, which has made the federal government more loved to borrow massive sums of money. (Photo through Roberto Schmidt / AFP) (Photo through Roberto Schmidt / AFP through Getty Images)
The Gold Cards program mainly moves the story around the apartment in the United States, which adds it as a product that a privilege won through classical processes. Although it is new to the United States, the Golden Visa is sold in positions such as the United Arab Emirates, where foreign citizens can download a 10 -year -old gold visa, if they invest 2 million AED ($ 545,000) in genuine goods in the country. Portugal, Spain and Italy, among others, also offer options.
Historically, American immigration policy has been based on the principles of opportunity, diversity and merit. The advent of a more formal payment formula calls for the consultation of these ideals, suffering public confidence in the equity and integrity of the immigration process. He also raises questions about the message he sends to the global community. Does the United States favor monetary gain of its commitment to be a lighthouse of hope and opportunity for maximum talent? Not yet, with a scale, matrix
Although gold card holders will have the right to request citizenship, the design of the program is to respond to other people who would not be completely integrated into American society. Mr. Lutnick has declared that maximum buyers will probably exceed US taxes, creating a situation in which rich Americans can take the merit of the merits of the apartment in the United States without participating completely in their civic responsibilities.
Another prospective challenge is to have an effect on real estate markets and local savings. An entry of ultra rich citizens can accumulate the price of houses in desirable areas, exacerbating demanding situations of affordability for medium and low -income Americans. This gentrification can deepen existing economic divisions, feeding new social tensions with respect to immigration.
Although the controls of the story are in force, it is also feared that the program can attract bad players seeking to exploit gaps or have interaction in fraudulent activities in the United States. Therefore, for its credibility, the program requires counterfeit surveillance and duty to approved people.
Dubai, United Arab Emirates – November 29: A guy dressed in Thawb walks from the Banderas de las Nacionas onerray. More on November 29, 2023 in Dubai, the United Arab Emirates. (Photo of Sean Gallup / Getty Images)
The Gold Card initiative represents a bold and avant -garde technique to respond to US national debt and can be the beginning of a new more capitalist technique for the call for American immigration. However, his good fortune will have who will be approved and how they position themselves. Currently, the identities of the head of the visa remain private. Will their names and faces be underlined as components of the program, and those who grant visas will ensure that these other people align with the values of the country and long -term interests?
What remains to be noted is whether the gold card program will remain in memories as a visionary solution to the country’s budgetary challenges, or as an edifying history of what it is when monetary ambitions occupy the front of the stage.