Elon Musk provides update on Donald Trump's $5 million gold card, says 'quiet trial' is going on
Elon Musk Sunday confirmed that Donald Trump's ambitious gold card program is on track and a quiet trial is now going on. Musk was tasked to come up with the technical part of it -- to make a site where people can apply for this 'US citizenship-for-money' program.
Musk provided the latest update on the program and said it will be rolled out to the public through an announcement made by the president.
"It's the high-roller fast lane to U.S residency: no woke quotas, no endless backlogs - just cash, credentials, and country club-level vetting. Trump wants to sell 1 million of them. Lutnick says 1,000 already sold. Elite access. Elite minds. Elite price. Welcome to immigration, Trump-style," X user Mario Nawfal wrote.
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In reply to this post, Elon Musk wrote: "We're doing a quiet trial to make sure the system works properly. Once it is fully tested, it will be rolled out to the public with an announcement by the President."
Pay and get US citizenship
Trump unveiled the first look of the card with his photo engraved on it recently. It was announced as part of a broader immigration system overhaul which would replace the existing EB-5 program. Under the EB-5 program, applicants must pay between $100,000 and $200,000 in fees to the United States Citizenship and Immigration Service (USCIS), invest between $800,000 and $1 million, and create at least 10 jobs for American workers.
Gold card will be available in just $5 million and these rich buyers will be exempt from paying US taxes on their overseas income, which means they will only pay tax on their income from the US.
"It's going to be a route to citizenship, and wealthy people will be coming into our country by buying this card. They will be wealthy, they will be successful, they will be spending a lot of money and paying a lot of taxes," Trump said announcing the ambitious program.
Trump's commerce secretary Howard Lutnick claimed in an interview that he sold 1,000 gold cards in a day.
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