Trump Floats 'Gold Card' Plan to Attract Wealthy Immigrants
Former President Trump is proposing a 'Gold Card' for wealthy individuals seeking to immigrate to the U.S. This card aims to attract investment and talent by offering a path to residency. A key feature is that it would not impose global taxation, potentially enticing those who avoid moving to the U.S. due to tax concerns. The plan is designed to boost the American economy.
Former President Donald Trump is considering a 'Gold Card' immigration proposal designed to attract wealthy individuals to the United States. The plan, still under development, aims to offer a streamlined path to residency for those who meet certain investment criteria. A significant advantage of the 'Gold Card' would be its exemption from global taxation. This is intended to appeal to ultra-high-net-worth individuals who may send their children to the U.S. for education or other opportunities but hesitate to become residents themselves due to concerns about worldwide income taxation. Proponents of the plan argue that it could generate significant economic benefits for the U.S. by attracting substantial capital and entrepreneurial talent. Critics, however, may raise concerns about fairness and the potential for abuse. The details of the 'Gold Card' proposal are still being finalized, but it represents a potentially significant shift in U.S. immigration policy.