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Mercantilist view of US citizenship
Hindustan Times Ranchi
|February 28, 2025
Trump's Gold Card initiative is of a piece with America's ongoing overhaul of migration policies
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Donald Trump's citizenship-for-cash programme — the US president announced the so-called Gold Card initiative on Wednesday — is neither new for America nor particularly unique in terms of granting expedited citizenship to wealthy immigrants. The country's EB-5 visa programme had a lower threshold for investment in an American company, at $800,000, in exchange for a Green Card which accelerates naturalised citizenship for individuals; the Gold Card, set to replace the EB-5 visa, will need individuals to invest at least $5 million. Several other countries have similar programmes that invite the wealthy to take up residency and consequently, expedited naturalised citizenship.
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