US President Donald Trump has started the Gold Card Visa program by signing the executive order. Under this scheme, people will have to pay one million dollars and companies will have to pay $ 2 million. Trump has named it The Trump Gold Card and claimed that the US will get billions of dollars.

Trump wrote in his Truth social post that for a long time millions of illegal migrants have come to America and weakening the immigration system. He says that the amount received from the gold card will be used to reduce tax, further development projects and repay the country’s debt. Trump estimates that this program will soon raise more than $ 100 billion.

Difference between green card and gold card

US Commerce Secretary Howard Lutnik said that about 2,81,000 people used to come to America every year from the old Green Card Program. Their average income was around $ 66,000 and most of these people depended on government assistance. In contrast, the gold card will be available only to the rich and influential people. People of this class will start new businesses in America and create employment opportunities for the local people.

For whom is the gold card made?

White House Staff Secretary Will Sharf said that the main goal of the Trump administration is to stop illegal immigration and secure boundaries, but the gold card program will be a new way to attract foreign investors and talented people. It will include the same people who will stand with America economically and ideologically.

How much will America benefit from gold card?

The program is estimated to have an income of more than $ 100 billion from this program. The possibility of reducing tax and reducing debt will increase. The influence of big investors and corporations in the US will be stronger. At the same time, America will become more difficult for ordinary workers and middle class migrants.

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Gold Card Visa for Us Citizenship: US President Donald Trump recently announced a gold card visa, which people would have to spend five million dollars (about 43 crore rupees) to get. Meanwhile, Trump’s top official Howard Lutnik has claimed that his Gold Card Scheme has received a tremendous response.

According to Lutnik, 1,000 cards were sold at a price of $ 5 million per card, raising a total amount of $ 5 billion. Let us know that America has set a target of selling one crore gold cards.

37 million potential buyers
Speaking on ‘All-in Podcast’, US Commerce Secretary Lutnik said that there are 37 million people in the world who can buy this card. Trump believes that he can raise up to 5 trillion dollars by selling 1 million gold cards. Lutnik said, “There are 37 million people in the world who are able to buy cards … The President feels that we can sell a million,”

Whose replacement is the gold card?
According to Lutnik, Trump’s Gold Card Scheme is a replacement of the existing EB-5 Investor Visa. This card will give big investors an opportunity to get a permanent residence in the US. Earlier, Lutynik had said that 2.5 lakh people are interested in this gold card. The idea was Trump’s brainchild, which he shared during a meeting with famous investor John Paulson. He said, “It was my job to implement Trump’s idea, and I found out how to do it.”

America’s economy will get strength?
Trump appreciated the scheme and described it as a step of strengthening the US economy. He says that this scheme will attract rich investors, which will increase jobs in America and increase tax collection. Trump told Fox News, “Rich people will buy this card and come to our country. They will be successful, will spend a lot of money, pay a lot of taxes and will give employment to many people,”

Plan to repay national debts from gold card sales
Let us know that this scheme has been brought with the aim of reducing the US National Debt of $ 36.2 trillion. According to Lutnik, this can be an effective way to reduce federal deficit.

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