President Donald Trump’s proposal to introduce a “gold card” visa for wealthy immigrants mirrors programs already in place in over 40 countries. However, the U.S. version would come with the highest price tag, an expert told Fox News Digital.
“This initiative brings in affluent individuals—business owners, job creators, and consumers,” said Anthony Esposito, CEO of Island Capital Investments, in an interview with Fox News Digital.
Esposito’s remarks followed Trump’s announcement on Tuesday, where he revealed plans for a visa offering a pathway to U.S. citizenship for $5 million. Trump believes the program will be highly successful.
“These individuals will be wealthy, successful, and contribute significantly to the economy. They’ll invest, create jobs, and pay substantial taxes,” Trump said from the Oval Office, as reported by the Associated Press.
Replacing the EB-5 Visa Program
Commerce Secretary Howard Lutnick stated that the proposed gold card visa would replace the existing EB-5 Immigrant Investor Program within two weeks. Established by Congress in 1990, the EB-5 program grants residency to individuals investing around $1 million in U.S. businesses while employing at least 10 workers.
Trump also promoted the program as a way to reduce national debt.
“Unlike the Biden administration’s open-border policy, this plan brings in fully vetted, high-net-worth individuals who contribute to the economy,” Trump said.
He also noted that companies could purchase gold cards to recruit international talent, with proceeds helping to pay down U.S. debt.
A $5 Trillion Economic Boost?
Esposito echoed Trump’s optimism, emphasizing the economic impact of the program. If 1 million investors participated, he estimated it would generate $5 trillion for the U.S. Treasury.
“That’s just the initial payment,” Esposito explained. “Beyond that, these individuals will further contribute through spending, job creation, and tax revenue.”
Globally, nearly 40 countries have similar citizenship-by-investment programs, according to Henley & Partners, a law firm specializing in residency planning. However, Trump’s $5 million buy-in would make the U.S. option the most expensive in the world.
Boosting the U.S. Economy
Esposito believes the plan will strengthen America’s economy.
“The U.S. is the world’s strongest economy. This program ensures that new residents are vetted and contribute positively,” he said.
According to his projections, issuing 10 million gold cards could generate $50 trillion, fueling economic growth, tax revenue, and job creation.
Addressing Security Concerns
While some critics fear the program could be exploited or pose security risks, Esposito argues that strict vetting procedures would prevent misuse.
“This is the opposite of Biden’s border policy,” Esposito said. “Instead of unchecked migration, Trump’s plan requires thorough screening, both financially and personally.”
Ultimately, Esposito sees this initiative as a win-win for both the United States and its new investors.
“This program fosters a mutually beneficial relationship—strengthening the U.S. economy while offering opportunities to successful immigrants,” he said.
The White House has not yet responded to Fox News Digital’s request for comment.
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