this post was submitted on 12 Jun 2025
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[–] MimicJar@lemmy.world 37 points 3 days ago (1 children)

My favorite part,

Trump administration officials have suggested that the card will replace the EB-5 immigrant investor visa programme, which grants permanent residency to immigrants who invest at least $1.05m in the US, or $800,000 in designated economically distressed areas.

So since the 90s anyone with $1 million has been able to buy/invest their way in.

This "new gold card" costs $5 million.

So it costs five times as much, it's just a bribe and not an investment. I'm guessing putting together a business plan costs less than $4 million.

So the obvious question becomes... What type of person is willing to spend $5 million, but not $1 million. (And I'm guessing less oversight.)

[–] TonyTonyChopper@mander.xyz 4 points 3 days ago (1 children)

$1 from 1990 is worth $2.50 today. So it's only twice as expensive, not 5 times

[–] tobis@lemm.ee 5 points 3 days ago* (last edited 3 days ago) (1 children)

Except it’s still $1 million as of today, if I’m reading this right.

[–] MimicJar@lemmy.world 3 points 3 days ago

Correct, the program started in the early 90s, but the cost today is $1 million.