US President Donald Trump has announced a new immigration initiative that aims to attract the world’s wealthiest individuals. On February 25, Trump revealed plans for a new ‘gold card’ visa, which offers a pathway to citizenship at a steep price of $5 million. The program, according to the administration, is expected to generate significant foreign investment and boost economic growth.

The introduction of the ‘gold card’ follows the Trump administration’s intensified efforts to curb illegal and uncontrolled immigration into the US Recent measures have included attempts to end birthright citizenship and further restrict asylum seekers from entering the country via the southern border. With this new initiative, the president aims to redefine immigration policy by prioritizing financial contributions over traditional criteria such as skills, education, or refugee status.

At a press conference in the White House, Trump emphasized the exclusive nature of the ‘gold card,’ describing it as a premium alternative to the traditional green card. “We’re going to be putting a price on that card of about $5 million, and that’s going to give you green card privileges plus,” the president told reporters. He highlighted that this initiative will draw individuals who will “be spending a lot of money and paying a lot of taxes and employing a lot of people,” and predicted that the program would be “extremely successful.”

The ‘gold card’ is set to replace the existing EB-5 Immigrant Investor Program, a........

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