President Donald Trump said he is starting a program to offer residency and a path to citizenship to investors who pay $5 million, offering a new avenue for legal immigration even as he carries out a sweeping crackdown on undocumented migrants.
Lutnick said the move could replace the existing EB-5 program, which allows immigrant investors to acquire green cards by investing a certain amount toward a business in the US.
This wouldn’t be the worst idea if it went to social programs or is used to provide support to other citizens.
Asked by a reporter if participants would need to invest a certain amount of money to qualify for a gold card, Lutnick responded “yeah, exactly” but suggested that funds for the visa might be paid directly to the government.
Who will invest it in a range of smaller businesses… right?
“They can come to America. The president can give them a green card, and they can invest in America, and we can use that money to reduce our deficit,” he added.
And that’s exactly what I expected instead. Well done. Reduce the deficit caused by lining oligarch coffers with taxpayer funds, skim a cool million or ten to go golfing on your own property, and shovel the rest into the military complex.
From a pay-to-win program intended to support the country right into a pay-to-win program to support the riches of those running it. A clear improvement /s
This wouldn’t be the worst idea if it went to social programs or is used to provide support to other citizens.
Who will invest it in a range of smaller businesses… right?
And that’s exactly what I expected instead. Well done. Reduce the deficit caused by lining oligarch coffers with taxpayer funds, skim a cool million or ten to go golfing on your own property, and shovel the rest into the military complex.
From a pay-to-win program intended to support the country right into a pay-to-win program to support the riches of those running it. A clear improvement /s