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Home Breaking News

Elon Musk provides update on Donald Trump's $5 million gold card, says 'quiet trial' is going on – Times of India

May 11, 2025
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Elon Musk provides update on Donald Trump's  million gold card, says 'quiet trial' is going on – Times of India
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Elon Musk mentioned ‘quiet trials’ are occurring over Trump’s gold card.

Elon Musk Sunday confirmed that Donald Trump’s bold gold card program is on monitor and a quiet trial is now occurring. Musk was tasked to provide you with the technical a part of it — to make a web site the place folks can apply for this ‘US citizenship-for-money’ program.Musk supplied the newest replace on this system and mentioned it is going to be rolled out to the general public via an announcement made by the president.“It is the high-roller quick lane to U.S residency: no woke quotas, no countless backlogs – simply money, credentials, and nation club-level vetting. Trump desires to promote 1 million of them. Lutnick says 1,000 already bought. Elite entry. Elite minds. Elite value. Welcome to immigration, Trump-style,” X consumer Mario Nawfal wrote.In reply to this put up, Elon Musk wrote: “We’re doing a quiet trial to verify the system works correctly. As soon as it’s absolutely examined, it is going to be rolled out to the general public with an announcement by the President.”

Pay and get US citizenship

Trump unveiled the primary look of the cardboard together with his picture engraved on it not too long ago. It was introduced as a part of a broader immigration system overhaul which might exchange the present EB-5 program. Below the EB-5 program, candidates should pay between $100,000 and $200,000 in charges to the US Citizenship and Immigration Service (USCIS), make investments between $800,000 and $1 million, and create at the least 10 jobs for American employees.Gold card will probably be obtainable in simply $5 million and these wealthy patrons will probably be exempt from paying US taxes on their abroad revenue, which implies they may solely pay tax on their revenue from the US. “It should be a path to citizenship, and rich folks will probably be coming into our nation by shopping for this card. They are going to be rich, they are going to be profitable, they are going to be spending some huge cash and paying quite a lot of taxes,” Trump mentioned saying the bold program. Trump’s commerce secretary Howard Lutnick claimed in an interview that he bought 1,000 gold playing cards in a day.



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