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Trump shows off the new "gold card"
Bloomberg Television· 2025-12-22 22:43
This is the gold card that as you know the secretary of commerce and myself and some others have been working on for quite a while. And uh Howard, how much have we sold in a few days. >> 1 billion300 million worth in a matter of a couple of days.That's a essentially it's the green card on steroids and it's a pathway and it's been an amazing. ...
Trump administration orders reexamination of some green card holders
NBC News· 2025-11-28 00:44
Beyond the terror investigation, this attack is spurring significant changes to the policy and politics around immigration. >> We must now re-examine every single alien who has entered our country from Afghanistan under Biden. >> Today, the Department of Homeland Security announced it would take on that review of Afghan immigrants.And in a separate, more sweeping step, the Customs and Immigration Service announced a fullscale rigorous re-examination of every green card for every alien from every country of ...
X @Nick Szabo
Nick Szabo· 2025-11-15 02:18
Labor Practices & Immigration - The report alleges that the H-1B visa program is being used to import cheap labor instead of attracting the "best and brightest" talent [1] - Companies are accused of manufacturing workers through "training & placement" pipelines to feed a visa-to-client conveyor belt, replacing American workers [1] - The model relies on OPT, CPT, GC, and EAD programs [2] - The process involves minimal "training" (100 hours) and "real-time assignments" (50 hours) before placing workers in full-time U S jobs under visa dependency [3] Scale & Scope - The companies involved claim to have 30+ direct clients and 50+ vendor contracts, including major U S brands [2] - The operation has processed over $100 million in payroll [3] - The operation has facilitated over 1,100 OPT placements [3] - The operation has processed over 250 H-1B visas [3] - The operation has processed over 80 green cards [3] Recruitment Promises - The companies promise personalized interview preparation, continuous mentorship, and guaranteed placement within 2-3 weeks [2] - The companies openly highlight their immigration output [2]
X @The Wall Street Journal
The Trump administration plans to scrutinize social media for “anti-American ideologies” when deciding to grant visa or green-card applications https://t.co/1J7G38nYsX ...
The Price of Trump's Gold Card and Where Else You Can Live
Bloomberg Television· 2025-06-29 12:12
Investment Immigration Programs Overview - Investment immigration programs, including golden visa and golden passport programs, are more common globally than perceived, with over 20 countries offering citizenship by investment and approximately 60 countries and 5 territories offering residency programs [3][4] - These programs aim to boost the host country's economy by attracting investments, particularly impactful for smaller nations where they can contribute significantly to GDP [6][7] Program Variations and Requirements - Golden visa programs grant residency, while golden passport programs offer citizenship, sometimes without requiring physical presence in the country [5][6] - Requirements vary widely, including investment amounts, types of investments (real estate, government fees, managed funds, bonds, equities, businesses), and whether the immigrant gains residency or citizenship [5] - New Zealand's program requires investments of 5 million NZD (approximately 3 million USD) for the growth category and 10 million NZD (approximately 6 million USD) for the balance category [14] Economic Impact and Concerns - Investment immigration can significantly impact smaller economies, accounting for up to 50% of the GDP in some island nations [7][8] - However, concerns exist about potential negative consequences, such as crowding out local citizens in real estate markets and the risk of attracting illicit funds [9][18][19] - Some countries, like Spain, Ireland, and the UK, have shut down their programs due to these concerns, while others, like New Zealand, are increasing their efforts to attract high-net-worth individuals [9][12] US Programs and Proposals - The US has an EB-5 visa program requiring an $800,000 investment and job creation, but it has been criticized for being complicated and underutilized, with only about 5,000 of the 10,000 available visas being used annually [2][22] - A proposed "gold card" system in the US would involve a $5 million fee for permanent residency, but its potential impact on the national debt is considered unlikely to be significant, especially at that price point [1][24][26] - Some argue that lowering the price of visas could attract more wealthy immigrants, generating increased economic activity and tax revenue [27][28] Alternative Approaches and Market-Based Solutions - A market-based system for allocating visas, based on pricing, is suggested as a more efficient and effective approach [29][30] - Such a system could potentially undermine illegal immigration by providing a legal pathway for even low-skilled immigrants, who currently pay significant smuggling fees [31][32] - Financial institutions could benefit from providing loans to immigrants seeking to purchase green cards, creating a boon for the US financial system and economy [35]