President Trump’s “Golden Visa” schedule is already attracting billions of dollars in income for the US economy.
In an appearance on the All Podcast, commerce secretary Howard Lutnick, explained how President Trump had come up with the idea and revealed that he sold 1000 Golden Visa in just one day.
He explained:
John Paulson had a phone call with Donald Trump and spoke with Donald Trump and kicked the idea of, we should sell, right? Why do we give Visa away? We have to sell them. And they are talking about it. Donald Trump calls me, brings me to the phone, right?
We all talk about it, right? And then we go from there. And then it is my job to find out, as I always find out how to do it.
What is the path? Let’s find out. About two weeks from today it goes out.
Okay? Elon is now building me up the software. Right? And then it goes. And by the way, yesterday I sold 1,000.
A thousand turnover of $ 5 million corresponds to five billion dollars in income, which can then be used to finance infrastructure projects or pay the national debt.
“There are 37,000,000 people in the world who are able to buy the card,” Lutnick added.
“The president thinks we can sell a million.”
View the clip below:
New: Commerce Secretary Howard Lutnick says he sold 1000 immigration gold cards (priced at $ 5 million) this week.
The development means that $ 5 billion has been made to pay off the national debt.
“There are 37,000,000 people in the world who are able to … pic.twitter.com/oqd6xgwwf7
– Collin Rugg (@Collinrugg) March 21, 2025
However, Trump has admitted that there is a risk that the scheme will attract the wrong kind of people.
Speaking with Fox News -guest lord Laura Ingraham this week, Trump was asked if he was ‘worried about coming in awkward people’.
“Yes, I am worried about unsavory – in that case we will give them back the money and they come out,” Trump replied, adding that all individuals are “correctly screened” before they get access.
“You know, when you talk about many people – I think it will be very successful.”
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