President Trump's announcement of a $5 million "gold card" visa, designed to grant green card privileges and a pathway to citizenship, faces skepticism regarding demand. Analysts indicate that even wealthy individuals might hesitate to spend large sums that don't yield a tangible return. Current projections of one million potential applicants seem overly optimistic, particularly as only about 100,000 to 150,000 individuals worldwide fit the financial criteria, many of whom are already in the U.S. Interest might shift towards existing investment-based visa programs.
"Their estimations are just simply way off," he told Business Insider. "As a general rule of thumb for wealthy people, they won't spend more than 10% of their liquid net worth on a single discretionary purchase."
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