Now that Trump – and his phenomenal border czar Tom Homan – have reduced the flow of illegal immigration by more than 92% in just three months (was that REALLY so hard?), it’s time to expand visas for the immigrants that we want and need.
Trump wants a merit-based immigrant visa system and we’re all for it. He’s suggested a “Gold Visa” for anyone who is willing to pay up to $5 million to obtain a U.S. passport. If we were to allow in 10,000 a year, this could raise $50 billion a year for the Treasury and these expatriates will come and save and invest their money here. What a deal!
This should be an add-on, not a substitute for the EB5 program which awards green cards to investors who invest a minimum of $1 million on these shores.
Since 2022, nearly $5 billion of EB-5 capital has been spread across more than 25 states, with much of the money going toward projects in rural and high-unemployment areas. The Visas have added 233,000 jobs in urban high-unemployment areas and more than 194,000 in rural jobs.
Has there ever been a better way to soak the rich?