Trump's "Gold Card" Offers Residency for $5M

President Trump has announced a new immigration initiative, dubbed the "Gold Card," which offers residency and citizenship pathways to investors willing to pay $5 million. This move comes as the Trump administration continues to crack down on undocumented immigration.

The "Gold Card" plan, set to be launched within two weeks, aims to provide a new avenue for legal immigration. Trump believes that his government does not need congressional approval to implement this plan, although the full scope and details of its implementation remain unclear.

Trump stated that the "Gold Card" will be priced at about $5 million and will grant investors the same privileges as current U.S. green cards issued to permanent residents. This initiative is seen as an effort to attract high-net-worth individuals to the United States while generating significant revenue for the government.

The "Gold Card" plan has sparked debate among immigration advocates and critics alike. Some argue that it could help alleviate the backlog of green card applications and provide a pathway to citizenship for more people. Others, however, contend that the high price tag makes it inaccessible to the vast majority of immigrants and raises concerns about the fairness and equity of the U.S. immigration system.

As the Trump administration continues to refine and implement the "Gold Card" plan, it remains to be seen how this initiative will impact the U.S. immigration landscape and the lives of those seeking a new home in the United States.