Trump’s Gold Card Will Likely Not Generate Much Revenue

There has been one exception to the second Trump administration’s efforts to reduce and discourage immigration of all forms and shapes: its so-called “gold card” proposal.

As President Trump said when he announced the proposal on February 25: “We’re going to be selling a gold card. You have a green card. This is a gold card. We’re going to be putting a price on that card of about $5 million and that’s going to give you green card privileges, plus it’s going to be a route to citizenship [as a green card is]. And wealthy people will be coming into our country by buying this card.”

He also said that sales of the cards would begin in about two weeks. That did not happen, and there is not much clarity around other specifics of the proposal either. But that ought not keep us from speculating a bit about benefits and downsides of establishing a program along these lines.

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