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There has been reaction to Trump’s proposal for a “gold card” for wealthy foreigners (post 11.14am) which would give them the right to live and work in the US as well as a route to citizenship in exchange for a $5million fee.

Immigration and wealth advisers have said the proposed initiative is unlikely to trigger a major inflow of wealthy global investors seeking US citizenship because of concerns over higher taxes, Reuters reports.

I do not believe that the current POTUS offer will have a big impact, as getting a green card in the US if you meet certain criteria, is not difficult.

Paying $5 million for a golden visa and getting taxed on your global income defeats the purpose.