Watan-U.S. Secretary of Commerce Howard Latnick announced that Washington sold 1,000 new “Golden Cards” in the past 24 hours, granting holders the right to permanent residency in the country, for a total value of $5 billion. This was reported in a Sunday article by the Associated Press.
In an interview on the American All-In podcast, Latnick said: “By the way, we sold a thousand cards yesterday,” referring to the new program that allows individuals to obtain permanent U.S. residency in exchange for $5 million per card. The secretary explained that the program was launched as an initiative by President Donald Trump and allows foreigners to gain permanent residency in the United States without the need to obtain citizenship.
Businesspeople from around the world are eager to buy this Golden Card, which grants them U.S. protection. Golden Card holders pay taxes only on income earned within the United States, while their global income is not subject to U.S. taxation.
Billionaire Boasts of Buying Six Golden Cards
Latnick added: “If I didn’t live in America, I’d buy six cards—for myself, my wife, and our four kids. I want the right to enter America in case of war or any other disaster. I want to hear at the airport: ‘Welcome home, Latnick family.’”
The secretary noted that if a cardholder violates the law, the card can be revoked. He also stated that there are 37 million people worldwide who could afford to purchase such a card. According to him, the launch of the program will create opportunities to attract “the most productive individuals” to the U.S., who will start businesses and create jobs.
Analysts say this move by the Trump administration could lead to a massive influx of capital into the U.S. luxury real estate sector, driving up prices and increasing inequality in homeownership. Supporters of the Golden Card program see it as an effective way to boost the U.S. economy by attracting foreign investors capable of stimulating various sectors, especially real estate.
Under this program, billions of dollars are expected to be invested in new real estate development projects, potentially creating job opportunities and enhancing urban development in some areas. Additionally, investors who gain permanent residency are expected to contribute to economic growth through spending on real estate, business ventures, and luxury services, according to analysts.
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