Banker Proposes “Trump Card” $5M U.S. Visa for Investors
Billionaire banker Howard Lutnick is promoting a new kind of U.S. visa that would allow wealthy investors to move to America. Called the “Trump Card,” it would cost $5 million and is already attracting attention. Over 68,000 people have signed up to show their interest.
This proposal is similar to the EB-5 visa, which lets foreigners get a green card by investing in the U.S. economy. But the Trump Card would be more expensive and possibly faster. Details about taxes and government approval are still unclear.
Lutnick believes this visa could bring more money into the U.S. and help create jobs. He says it’s a way for rich people around the world to show their support for the U.S. economy.
While some people are excited about the idea, others are raising concerns. They worry that it might only benefit the very rich and leave others behind.
In related business news, Brazil’s JBS meat company went public in New York, and Sabadell is thinking about selling TSB Bank. Big moves are happening across the banking world.
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