Trump Plan COLLAPSES As Gold Card Scheme Backfires Spectacularly

Donald Trump’s gold card financial scheme collapses into a massive failure as sales goes horribly wrong. John Iadarola and Brett Erlich break it down on The Damage Report. Leave a comment with your thoughts below!

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Trump’s ‘gold card’ visa starting at $1 million granted to just 1 person so far, White House says – https://apnews.com/article/trump-gold-card-visa-immigration-approvals-revenue-f05fe42f2f90708f2146613b82e072e9

“President Donald Trump’s “gold card” visa, where a foreigner can shell out at least $1 million to legally live and work in the U.S., has been approved for one person, said Commerce Secretary Howard Lutnick Thursday — appearing to fall a bit short of an earlier claim.

After it launched in December, Lutnick said that the government had sold $1.3 billion “worth” in just several days, as Trump stood by holding up the gilded ticket and said, “essentially it’s the green card on steroids.”

Lutnick did not address the apparent discrepancy in an exchange with a congresswoman at Thursday’s committee hearing.

Trump pushed the idea last year, initially suggesting a cost of $5 million, and arguing that it would entice foreign talent to U.S. shores and fill out federal coffers. It’s meant to replace the EB-5 program, a decades-old program that offered U.S. visas to people who invested about $1 million in a company with at least 10 employees.”

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