President Donald Trump has proposed a $5 million “Gold Card” visa to replace the EB-5 program, sparking debate over its prioritization of wealth over merit. The plan offers wealthy individuals expedited residency and citizenship.

The proposal faces dubious legal prospects but could bring substantial wealth into the country, even if not on the scale the administration envisions.

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A $5M ticket to U.S. citizenship will lure the same kind of shady individuals who pounced on the chance for EU citizenship.

In two weeks, President Trump plans to start selling an American citizenship “gold card” for “about $5 million.” A magician never shares his secrets, but this offers a chance to peel back the curtain on a classic trick where any outcome is a win — in this case, on his signature issue of immigration.

President Trump touted his new gold card—for wealthy foreigners who want U.S. resident status in exchange for $5 million. “It’s like a green card but better, more sophisticated,” he said. Trump played salesman-in-chief saying the new immigration program “goes on sale very,

U.S. President Donald Trump proposed a new $5 million 'gold card' visa, offering wealthy foreigners U.S. permanent residency and a path to citizenship. The new proposal would replace the current EB-5 program,