President Trump's $5 million gold card tax loophole: Here's what to know (youtube.com)
‘Experts say it’s the only way that foreigners would want to become US residents'. Because, as I've written here, US taxes all income domestic and foreign, for its citizens. So the Gold Card would only tax US income and not foreign.
UAE and US are top destinations currently for migration by people with money, reportedly.
The price could go up because of the value of it.
There are 270k people with $30m or more.
UK offered a similar program but cheaper and only got like 1000 customers. (It had same tax benefits.) Lots of their customers were sanctioned Russians.
Mainly China, Russia, Middle East would be the target client. Maybe corrupt Venezuelan officials, etc.
It's currently hard for anyone to get a US citizenship, even wealthy.
Maybe it's a way to go around regulations to get high quality CEOs or chip industry workers etc into the US.