President Donald Trump’s plan to offer a “gold card” visa to wealthy immigrants is similar to policies in use in more than three dozen countries, although the U.S. proposal would come with the highest price tag, an expert tells Fox News Digital.
“What you’re doing is you’re bringing in wealthier individuals, clearly job creators, consumers,” Anthony Esposito, founder and CEO of Island Capital Investments, told Fox News Digital.
Esposito’s comments come after Trump said Tuesday that he planned to offer a “gold card” visa that gives recipients a path to U.S. citizenship for $5 million, telling reporters such a program would be “extremely successful.”
“They’ll be wealthy and they’ll be successful, and they’ll be spending a lot of money and paying a lot of taxes and employing a lot of people, and we think it’s going to be extremely successful,” Trump said Tuesday from the Oval Office, according to a report from The Associated Press.
Ultimately, Esposito says, Trump’s program will cause a “mutually beneficial” partnership between the U.S. and gold card holders.
“It is the greatest nation in the world. It is the greatest economy in the world,” Esposito said. “This is just simply a way of vetting people and having people come in that will create a mutually beneficial relationship between the United States, and the United States economy, and those gold card holders.”
The White House did not immediately respond to a Fox News Digital request for comment.
Michael Lee is a writer for Fox News. Prior to joining Fox News, Michael worked for the Washington Examiner, Bongino.com, and Unbiased America. He has covered politics for more than eight years.
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