Amidst the big hullabaloo over Trump’s proposal for $5-million “gold cards”, I want to remind everybody that this already exists. I wrote about it on this blog over a decade ago. These are called “investor visas” and, if I’m not mistaken, the current price tag is around a million bucks. And I vaguely remember that it can be lower depending on the type of investment.
Trump is simply raising the price on something that has existed for decades. If people have a problem with this (and I’m not saying they shouldn’t), it’s hard for me to understand why the problem appeared today and not when EB-5 was first created back when, I think, the USSR was still in existence?
There’s been inflation, so understandably the price should go up.

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