Trump's Gold Card Program: Residency for the Wealthy at $1 Million

The Trump administration has introduced the 'Trump Gold Card' program, allowing wealthy foreigners to purchase U.S. residency for $1 million, with a 'platinum' option available at $5 million. This initiative aims to expedite the visa process for high-income individuals while generating significant revenue for the federal government.

Applicants must pay a non-refundable processing fee and undergo a thorough vetting process by the Department of Homeland Security. Supporters argue that the program will attract skilled workers and boost the economy, potentially contributing billions to U.S. coffers.

However, critics contend that it undermines the nation's tradition of welcoming hardworking immigrants, suggesting it caters primarily to the affluent. The program has already seen considerable interest, with thousands registering during the pre-registration phase, indicating a strong demand for such expedited pathways to residency.