Golden Visa Rush: 250,000 Seek U.S. Citizenship, $1.25 Trillion at Stake

The U.S. Commerce Secretary recently announced that there is a queue of approximately 250,000 people waiting to apply for the "Golden Visa" immigration program. This program, also known as the EB-5 visa, is expected to generate around $1.25 trillion in revenue for the U.S.

The EB-5 visa program allows foreign investors to obtain a green card in exchange for investing a significant amount of money in a U.S. business. The current investment threshold is $5 million, which is expected to bring in a substantial amount of revenue for the U.S. economy.

U.S. Secretary of Commerce Howard Lutnick stated that applicants for the "Golden Visa" will undergo a review process and will be selected based on their entrepreneurial spirit, ability, and potential to contribute to the growth of the U.S. economy.

In addition to the EB-5 visa program, U.S. President Trump has also expressed interest in expanding the number of immigration "Golden Cards" to 10 million. If this were to happen, the U.S. could potentially pay off its national debt and even earn an additional $15 trillion.

The EB-5 visa program has been a popular option for foreign investors looking to obtain U.S. citizenship. However, the program has faced criticism in the past due to concerns about national security and the potential for fraud. The U.S. government has taken steps to address these concerns and strengthen the program's integrity.

The EB-5 visa program is just one example of the many immigration programs offered by the U.S. government. These programs play an important role in the U.S. economy and have a significant impact on the country's demographics and cultural landscape.