Trump proposes a $5 million GOLD CARD visa
In this episode, Daniel Foch and Dave Hutch discuss the controversial proposal of a $5 million gold card for wealthy foreigners to gain U.S. residency, comparing it to existing golden visa programs worldwide. They explore the potential economic benefits, such as foreign investment and job creation, as well as the criticisms surrounding housing market distortions and ethical concerns. The conversation also touches on the implications for U.S. national debt and the broader immigration landscape. Trump's gold card proposal aims to attract wealthy immigrants. Golden visa programs can boost local economies through foreign investment. Critics argue that these programs distort housing markets. The EB-5 program has undergone significant reforms since its inception. Countries like Canada and Portugal use immigration to grow their populations. High net worth individuals contribute significantly to consumer spending. The U.S. housing market faces affordability challenges. Golden visa programs can lead to gentrification and displacement. Economic volatility can arise from reliance on foreign investment. Global comparisons reveal mixed results for golden visa programs.