The Trump Gold Card: My Thoughts and Reflections
Shahinul Khalisdar
Tax Advisor | Business Advisor/ Taxation Expertise/ Enrolled Agent (EA)/Master of Science in Taxation (MST)/ Author
The Trump Gold Card: My Thoughts and Reflections
I recently came across the Trump Gold Card, and it got me thinking. What does it truly represent? Is it merely a symbol of status, or does it hold deeper significance? I’m eager to explore its implications and share my insights!
President Trump recently unveiled an ambitious plan to reshape immigration with a shiny new proposal: the "gold card." With a hefty price tag of $5 million, this exclusive visa aims to attract wealthy foreigners who aspire to call America home.
In an announcement brimming with optimism, Trump declared that the program would roll out within two weeks, promising to welcome "very high-level people." He believes that not only will this initiative bring in affluent individuals eager to invest in the economy, but the funds generated could also help chip away at the national deficit.
"This will pave a path to citizenship for those who can buy their way in," Trump explained during a gathering in the Oval Office, where he highlighted the potential for these new residents to contribute significantly—both in spending and taxes.
Commerce Secretary Howard Lutnick described the initiative as the "Trump Gold Card," suggesting it would replace the existing EB-5 immigrant investor visa. For those unfamiliar, the EB-5 program previously offered a route to residency for foreigners investing $1.05 million in businesses that create jobs or $800,000 in designated rural or high-unemployment areas.
Amidst this announcement, Lutnick didn’t hold back, criticizing the EB-5 program as "full of nonsense, make-believe, and fraud." He reassured reporters that the gold card applicants would undergo thorough vetting processes to ensure the program's integrity.
When asked whether Russian oligarchs might qualify for this luxurious pathway to residency, Trump replied with a playful nod, "Yeah, possibly! I know some Russian oligarchs who are very nice people."
President Trump’s journey into the political arena is rooted in a backdrop of high-stakes business challenges. Although he did not personally file for bankruptcy, his business ventures, especially in the hotel and casino industries, encountered substantial challenges. Between 1991 and 2009, Trump’s businesses declared bankruptcy six times, caught in a whirlwind of financial difficulties. These struggles stemmed from the relentless pressure to meet payment obligations and renegotiate towering debts with banks, stockholders, bond owners, and a myriad of small businesses that served as unsecured creditors.
He envisions a troubling future for the USA, grappling with the weight of its staggering debt. Currently standing at a jaw-dropping $36.22 trillion, the national debt reflects the total amount the U.S. federal government has borrowed over the course of its history. As this burden grows heavier, the possibility of bankruptcy looms, raising urgent questions about the nation’s financial sustainability.
The US police are currently focused on "vagina policing," which raises questions about how investors will be attracted to the country, aside from illegal immigrants seeking public assistance programs such as food stamps, Section 8 housing, and Medicaid. Vagina policing issued two arrest warrants, which affected my business and employment opportunities. ?
President Trump's dynamic financial history undeniably enriches his narrative, showcasing the significant peaks and valleys that come with being in the business spotlight—insights that the “Vagina Police” simply won't grasp.
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2 天前Acquiring EU (EUROPEAN UNION) Citizenship via Malta is MUCH QUICKER and Much More COST-EFFECTIVE than "Acquiring" Citizenship of the USA. Malta Also has Much Less TAXES and Much More RESIDENCY Advantages (Covering Many More COUNTRIES). Furthermore : (Former Maltese Prime Minister) Dr Joseph Muscat is Always Available to PERSONALLY ASSIST with Such Matters - Most Especially Now that Malta appears to Be Winning Most of it's European Judicial Cases concerning it's "Golden Passport" Industry. To Be Frank : Dr Muscat is (now) Globally Hailed as being an Eminent Financial Genius in that particular "Golden Passport" regard - and I sincerely hope that the (Long-Suffering) People of Malta will (ultimately) be able to Forgive his (Absolutely Horrifying) Political Mistakes. For The Record : Dr Joseph Muscat (Himself) was not as STREETWISE as the current Maltese Prime Minister (Dr Robert Abela). Truth Be Told : Dr Joseph Muscat was a PROFOUNDLY NAIVE LEADER who primarily got into trouble because of the CORRUPT VULTURES who Repeatedly "USED" Him. https://lovinmalta.com/news/ill-stop-here-joseph-muscat-comments-on-us-golden-card-scheme/ https://www.euronews.com/my-europe/2024/10/04/maltas-golden-passport-scheme-can-stay-eu-court-signals