• If previous statements from Commerce Secretary Howard Lutnick remain true, then the United States could roll out its “gold card†program soonâ€"an unprecedented initiative to sell US residency to wealthy clients in order to raise revenue.
  • To be sure, there has been much talk of these gold cards, but with no implementation to date. If it actually came to pass, the gold card programâ€"or “Trump card,†as the president calls itâ€"would be a novel revenue source for the United States.
  • The idea first came to the forefront in February, when President Donald Trump proposed selling U.S. residency for $5 million a person to draw down the national debt.
  • Predicting that they would begin selling cards in two weeks, Trump said in February, “If we sell 10 million, which is possible … that’s $50 trillion. That means our debt is totally paid off, and we have $15 trillion above that.â€

Source: dailysignal.com