Trump praises Doge in first cabinet meeting and claims ‘billions’ in savings without evidence – live
Elon Musk attends first cabinet meeting of Trump’s second term amid chaos and confusion caused by his efforts to cull the federal government workforce
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.
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