Trump’s Gold Card Visa Scheme Sells Only One, Fails To Tackle Debt
The Trump administration has explored various revenue-generating strategies to address the national debt, including the controversial “gold card” visa program and tariffs. While the gold card concept, proposed to raise $5 trillion from wealthy immigrants, has seen minimal uptake with only one approval, tariffs have generated significant revenue. However, questions remain about the allocation of these tariff proceeds, with proposals for citizen rebates and potential offsets to new spending that could negate deficit reduction efforts. The feasibility of the gold card program is further challenged by the limited global distribution of individuals with the requisite $5 million to spend.
John Q. Hosedrinker