Lawyers Warn Wealthy Clients Not to Touch Trump's Gold $5M Visa

[BumRushDaShow]

Source: Daily Beast

Updated Jul. 7 2025 9:56AM EDT
Published Jul. 7 2025 9:53AM EDT


Immigration lawyers have warned clients that the Trump administration’s efforts to create a bizarre $5 million “Gold Card” visa for wealthy foreigners may well be illegal and would face significant hurdles if forced into law.

“There’s no lawful basis to do this, and if they do it anyway, they’re going to get sued, and they’re almost certainly going to lose,” Doug Rand, a former Citizenship and Immigration Services adviser under President Joe Biden, told the Washington Post Monday.

Resident-by-investment programs, otherwise known as “Golden Visas,” aren’t uncommon among other nations around the world, typically granting the right to live and work in exchange for a significant injection of capital into a country’s real estate or business sectors, or the purchase of government bonds.

They’re also a source of significant controversy. Critics argue these schemes often have harmful consequences for domestic populations—offering preferential treatment to wealthy foreigners and displacing local communities by driving up the price of housing—while a general lack of transparency and oversight has also made them prime targets for corrupt officials and organized criminals looking to launder dirty money and evade tax in their home countries.


Read more: https://www.thedailybeast.com/lawyers-warn-wealthy-clients-away-from-president-donald-trumps-gold-5m-visa/

[tonekat]

1. Trying to turn the U.S. into a Banana Republic

For his own Profit.

[Faux pas]

2. He needs to do something

to help launder all the money he's stealing from every agency 😒

[reACTIONary]

3. Link to original reporting, no paywall...

https://wapo.st/44glGiP

Trump’s $5 million ‘gold card’ visa might never happen: The president and his aides have exaggerated the likelihood that such a program can be legally implemented and have made no effort to introduce legislation that would be needed.

[Midnight Writer]

4. He don't need no stinking law. Just pay him personally so he can pocket it, and he will ensure ICE doesn't get you.

I mean, at this point, who is going to stop him?

He can play out the Court game for years, as we have seen him do before. Congress will not touch the guy. Does anyone think Ka$h Patel or Dan Bongino is going to swing into action and investigate?

He's a Bond-level villain with legal immunity and dreams of revenge and conquest. He's violating the Constitution, his Oath of Office, God knows how many laws, and the rights of every person in this country to have dignity, fairness and due process.

And there is apparently nothing we can do to stop him.

[slightlv]

5. Frustrating to the max, ain't it?

especially when you consider they'll enforce even made-up laws on the rest of us... if they even dignify us with a reason. Frustrating isn't a big enough word... it doesn't have the depth of the emotion most of us feel. But I don't know what other word to use.

[mdbl]

6. Do any members of the GOP care what is illegal anymore?

Assholes have ruined our system of justice.

[choie]

7. Yeah except in other countries

the "injection of capital" doesn't go directly into the coffers of the head of state.