President Donald Trump has announced a new initiative to sell “gold card” residency permits for $5 million each, with potential eligibility for Russian oligarchs.
Trump explained that the high-priced visa, a premium version of the traditional green card, aims to attract job creators and help reduce the US national deficit.
“We’re going to be selling a gold card. You have a green card, this is a gold card. We’re going to be putting a price on that card of about $5 million,” Trump stated during a press briefing in the Oval Office.
The Republican president, who has prioritized the deportation of millions of undocumented migrants in his second term, emphasized that the new card would provide a pathway to highly coveted US citizenship. “A lot of people are going to want to be in this country, and they’ll be able to work and provide jobs and build companies,” Trump said. “It’ll be people with money.”
